U.F.O.
Greatest Buying Opportunity
Started by
U.F.O.
, Apr 09 2008 07:11 PM
19 replies to this topic
#1
U.F.O.
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U.F.O.
Posted 09 April 2008 - 07:11 PM
Weekly MACD with a QQQQ weekly chart. 5 times since the cyclical low in Oct., 2002 have weekly MACD's performed a "fishhook" bounce higher from below the "0" line. Every time was a tremendous buying opportunity, although immediate gratification was sometimes not the case. At the Oct. 2002 low, the MACD reversal actually started in Aug., allowing plenty of time for the shearing of sheep before Big Money made...big money. This signal we're working on right here is the second strongest in 6 years based on the depth of correction on a MACD basis. Don't let "the market" trick you out of "the market". New highs are on the horizon. If we step back and get away from daily charts for a second, my how the landscape changes. (1 weekly chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#2
U.F.O.
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U.F.O.
Posted 09 April 2008 - 08:00 PM
Weekly Slow Stochastics...ditto. Shorts here are about to get scorched...faces melted. I'm smelling this setup from 5 miles away. Don't be a victim. (1 weekly chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#3
CHAx
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Posted 09 April 2008 - 08:09 PM
Thanks for the post UFO.
I hope your right because I'm extremely long on the breakouts I just posted. There is just so much potential fuel under these things I can't resist. As long as you can honor your stop, these things are worth trying. Good Trading.
#4
bobalou
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Posted 09 April 2008 - 08:17 PM
hi ..I did some charts up ,the spx,qqqq ,have , change dates comming..if about,new date 4/21 ish is a low I think the markets could move up.looks like after option exp .. hope that works w/ you
#5
U.F.O.
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U.F.O.
Posted 09 April 2008 - 08:19 PM
Thx. CHAx. Watch your top knot here because remaining long will be challenging. We gonna be tested. What else is new? 
(1 weekly chart)
U.F.O.
(1 weekly chart)U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#6
U.F.O.
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U.F.O.
Posted 09 April 2008 - 08:34 PM
(1 chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#7
U.F.O.
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Posted 09 April 2008 - 08:42 PM
Thx. bobalou. I don't usually follow Bradley's or other "change dates" but I'll keep a look out for 4/21. Thank you for the head's up.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#8
bobalou
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Posted 09 April 2008 - 09:28 PM
ufo ,this turn date comes from the V H F,I'm posting a new chart on the QQQQ.see lt. blue line
http://forums.techni...39#post25275139
http://forums.techni...39#post25275139
#9
U.F.O.
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U.F.O.
Posted 09 April 2008 - 09:31 PM
I didn't see a blue line on your VHF.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#10
bobalou
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Posted 09 April 2008 - 09:34 PM
the at top ,vhf, circle ,plus 7 weeks is how I work it.goes off the edge = into next week
