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[NAV]

in a sideways market and the moving averages in a trending market. Anything else, you become the victim of whipsaws. How do you know you are in a sideways market ? I showed this chart to my 6-year old and he says it looks sideways On a serious note though, we aren't trending up until we see bottoms above bottoms on this chart. Right now all we have seen is bottoms below bottoms a.k.a SIDEWAYS-TO-DOWN market.



The last warning on complex bottom was here.

http://nav-ta.blogsp...ed-meeting.html

The 120-min buy signal from that day is still intact. But as you see on the charts, we are overbought and rolling over. Once that happens, we need a momentum break to go short. That's what i will be looking for next week.


Consider this a topping area, unless not leaving the last .25 percent is your forte Just kidding. I will start my shorting campaign next week.

A break above 6/20 swing high will start sowing the seeds of doubt in my heart

Edited by NAV, 07 July 2007 - 02:49 AM.

[Remo]

On a serious note though, we aren't trending up until we see bottoms above bottoms on this chart. Right now all we have seen is bottoms below bottoms a.k.a SIDEWAYS-TO-DOWN

a.k.a Bull flag? At least it looks and acts like a one