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We're closing near the highs


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#1 dcengr

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Posted 12 January 2007 - 03:56 PM

Close above trendline on Qs and IXIC. I think monday we're going to see another float higher, maybe to test Qs 45.5, probably with a gap up. I put up a fractal for 1946 comparison to 5 min Qs chart. Remember that 1946 is similar to 1986, so if we consolidate here without breaking down, its gonna go up even higher... RSI2, RSI6 gave sell signals on Qs, which gives it 70% chance that it'll be lower within 2 days of yesterday's close. I'm not sure if it'll work this time. 70% is not 100%. Time to find religion :cry:
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#2 dcengr

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Posted 12 January 2007 - 04:10 PM

Actually, looking at things, we could head to 45.80. I came upon that value by the upper trendline on Qs.. But I also looked at the scorch on 11/03 to its top, and it was $3.20. The scorch from 1/06 was $3.30. So from the bottom at $42.50 plus $3.30 is $45.80. That would seem to fit the sentiment values in my FF polls. By the time it gets to $45.80, there won't be a bear alive on this board. Also would fit with my DJIA RSI6 sell signals.. they don't activate until another up day.
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