Still hated and feared, it is lagging, with many late comers to find it
later next week.
Broke out of the bull flag and may top Tues or Weds-open to
dip for the bullish backtest.
Beginning Friday it has a perpetual sliding cycle up strongly and
two stronger and longer cycles running. Shorter term dip cycles
should be over by Friday morning leaving the upswing of the high
frequency dip cycles along with these strong long cycles.
It makes me think that Oct 10 is an acceralation and not a low as this
looks to continue into Oct 17 week.
Of course trailing stops on short positions, to expect a bounce from
1067 Fibanocci to 1113 breakdown point, on Weds or Thurs. Keeping
stops above 1115 and taking some off in the 1060's soon.
Certianly closing puts in the 1060's, with a parallel coming in at 1062,
but noting the line on close parallel is bust at 1115 ( week not closed yet ).
SDS
Started by
AChartist
, Oct 03 2011 08:53 PM
No replies to this topic
#1
Posted 03 October 2011 - 08:53 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan