RE: are you feeling lucky?
Started by
LarryT
, Mar 04 2009 07:57 PM
5 replies to this topic
#1
LarryT
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Posted 04 March 2009 - 07:57 PM
Several weeks ago as many were bullish I asked the question, are you feeling lucky and go against the breadth model or should you wait for a -100 to -150?
Well, it was not very lucky to go against the model. Yesterday we got the -150.
#2
hedgehawk
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Posted 04 March 2009 - 08:30 PM
Ok now what we got -150, does this bounce have legs? I am asking as I respect your opinion and you present your case well both visually and quantitatively. TIA
#3
Slothrop
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Posted 04 March 2009 - 09:02 PM
But we haven't put in the little blue arrow pointing up yet, have we? Indicating a lack of readiness to call this the bottom...or no?
Edited by Slothrop, 04 March 2009 - 09:02 PM.
#4
hitoya
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Posted 04 March 2009 - 09:07 PM
Larry,
Very nice. You are the single one on this board who correctly called the top and foretasted the bottom back one and half year ago. A lot of traders were against your forecast at that time. I am very impressed. What is your web address by the way?
Keep up the good work.
Best
Hi
Very nice. You are the single one on this board who correctly called the top and foretasted the bottom back one and half year ago. A lot of traders were against your forecast at that time. I am very impressed. What is your web address by the way?
Keep up the good work.
Best
Hi
Several weeks ago as many were bullish I asked the question, are you feeling lucky and go against the breadth model or should you wait for a -100 to -150?
Well, it was not very lucky to go against the model. Yesterday we got the -150.
#5
The End
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Posted 04 March 2009 - 09:15 PM
NONE of what I type should be taken as financial advice.
#6
LarryT
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Posted 04 March 2009 - 09:26 PM
But we haven't put in the little blue arrow pointing up yet, have we? Indicating a lack of readiness to call this the bottom...or no?
Roger that, no blue arrow yet. Market can make more than one trip before a bottom however, buying a -100 to -150 will almost always be a winner. Best analysis is a minor bounce into Monday then down sharply again for a lower low.
Best,
Larry
