Good luck.
[ref: 1]
Edited by arbman, 17 July 2009 - 08:04 AM.
A melt up?
Started by
arbman
, Jul 17 2009 08:01 AM
4 replies to this topic
#1
arbman
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Posted 17 July 2009 - 08:01 AM
This is a low confidence call, but many black box systems react to the acceleration in the price averages. We will have a serious acceleration with minimal effort in the 200 day moving average in the next 3 weeks since the crash decline will come out of the average. The odds for a pull back or plunge for next week is very high due to the momentum extreme as well as the seasonal patterns. However, any pull back that doesn't fill the gap next week is a buy in my opinion. Be very careful out there holding shorts in the last week of July into early August, if this condition is not violated. I have to unfortunately focus on client and development stuff and I won't be posting for a few weeks, but I will try to check back time to time...
Good luck.
[ref: 1]
Good luck.
[ref: 1]
#2
bigtrader
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Posted 17 July 2009 - 08:29 AM
Thanks
Always like your stuff,
no cheerleading.
No longer interested in debating with IGNORANT people.
#3
redfoliage2
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Posted 17 July 2009 - 08:30 AM
Weekly indicators still pointing down even after this big ST rally.This is a low confidence call, but many black box systems react to the acceleration in the price averages. We will have a serious acceleration with minimal effort in the 200 day moving average in the next 3 weeks since the crash decline will come out of the average. The odds for a pull back or plunge for next week is very high due to the momentum extreme as well as the seasonal patterns. However, any pull back that doesn't fill the gap next week is a buy in my opinion. Be very careful out there holding shorts in the last week of July into early August, if this condition is not violated. I have to unfortunately focus on client and development stuff and I won't be posting for a few weeks, but I will try to check back time to time...
Good luck.
[ref: 1]
Edited by redfoliage2, 17 July 2009 - 08:38 AM.
#4
milbank
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Posted 17 July 2009 - 08:45 AM
Seconded Glokhan. I always miss you when you have to be away from the board for a while. Your technical analysis is fantastic. I look forward to seeing your takes upon your return.Thanks
Always like your stuff,
no cheerleading.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#5
arbman
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