The "bounce" indicators that have worked since Aug 07 are flashing that a ST bouce is near. The 13/34 EMA SP is favorable (13 above 34). The BPercents are moving up above the 47% level, the VIX spiked to a new local maxima, and the 10 DMA on the CPC has reach a local maxima. When this happens we have in the last 6 months gotten a short duration bounce of something like 70 SP points, then likely another test of the lows. My NNets are also showing a favorable output for the next 7-14 days more or less. I will be long and have calls from Friday last. Best, Islander.
A short term Bounce is due soon
Started by
Islander
, Mar 23 2008 06:52 PM
7 replies to this topic
#3
TheArchitect
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Posted 23 March 2008 - 07:25 PM
i'm starting to feel your friday calls may beat my wednesday puts...
#4
The End
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Posted 23 March 2008 - 07:36 PM
I see the gap at 1367 getting filled. BW being short gives me confidence in that call. 
NONE of what I type should be taken as financial advice.
#5
The End
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Posted 23 March 2008 - 07:54 PM
BW does not = BTW (by the way)
NONE of what I type should be taken as financial advice.
#6
TheArchitect
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Posted 23 March 2008 - 08:30 PM
BW does not = BTW (by the way)
hey TE... hows it going...
... whats BW mean?
#7
The End
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Posted 23 March 2008 - 08:36 PM
TA,
You have a PM.
NONE of what I type should be taken as financial advice.
#8
Islander
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Posted 23 March 2008 - 08:41 PM
I could have added that the cycles I follow show a bottom on the 22nd with a top on or about tax day in April. stay loose. Islander
