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Now I can be more specific :
I need an indication of 12/18 or, at least, 12/21 to hint that a
continuation is probable and the Market will remain o/b.
I know the question is very difficult, but it is equivalent to where
the money is.
I have some indications that the recent uptrend is still here,
without interruption, but this is a bit different.
The signal [if any] should be active after last Friday 12/18 close.
DT
--- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> CSCO trendlines give the exact picture of the UP or DOWN dilemma
for the next week(s).
> We shall see a breakout, in one way or another, since the triangle
formation came cautiously to an natural end.
> Market Direction indicators have already reached sharply to a first
peak [MACDBULL turned to 95% after two
> days at 96%] .
> We are in front of the most difficult T/A question, the
continuation of the bullish reaction.
> The market leaders have already announced the 3Q results.
> The trend makers did not leave any room for delayed action, when
they pushed some stocks to a +10% gap up.
> [Many Short positions were not that profitable the last ten days
and they were covered with significant losses]
> Now they need the trend followers to keep on buying higher and
higher.
> Are these followers convinced to do that ?
> Medium volume traders who did not buy IBM from $65 [Sept 19] to $55
[Oct 9], 15 full trading sessions, are forced now to buy above
$75 !!! It sounds a bit absurd...
> Is there any realistic perspective for such a delayed enthusiasm ?
> 3 IBM gap ups +8%, +7% and +10% in 5 trading days is a bullish
shock if you are out of the stock activities.
> T/A available tools for continuation are very few and not well
organised.
> Any ideas to improve this sensitive area ?
> Dimitris Tsokakis
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