"Blow Me Down". As Popeye used to say. I don't mean "sell" for the next 100 years kind of move. I mean sell for a quick 10% profit (outside) of leveraged funds like RYDEX. Meaning, in RYDEX, you might be able to drag 20% over a very short timeframe. This market may advance much higher, over time,...but needs a breather here...big time. It's all a matter of exceeding standard deviation. This market has blown thru approx. 3 standards on the way up and "CAN'T move higher, IMHO, without a pullback. Ichimoku weekly shows how severely we've blown thru topside resistance. I'm not calling a major top. I'm calling a tradeable ST top. Today was THE ST top. At least....according to U.F.O. (2 charts)
Has Anyone Else Seen The
Started by
U.F.O.
, Oct 11 2007 07:53 PM
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#1
Posted 11 October 2007 - 07:53 PM
"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~