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#1 AChartist

AChartist

    Tim

  • Traders-Talk User
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Posted 20 November 2011 - 04:32 PM

The smoothest measure shows a bounce potential from 8-13 days,

beginning Nov 30, with 36 and 106 day cycles.

Even though the average is flat from 8-13 days, with many bad

cycles there, this is potential spot to bounce, it is the only spot to bounce.

In more noisy high frequency stuff, Tues could be the up day for this week

particularly if Monday is bad. Although the daily could spend more time laterally

through Dec and it probably will given the usual seasonal causes for that,

the place to sell longs is almost always with the initial breadth thrust and the

rest is distribution but too early to short. I would only give it 3-5 days myself long.


I will proably have more to say about weeklies in two weeks and I'll try to do so before this

bounce occurs.

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"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan