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SV: [amibroker] Bear Market warning



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Hi,

Basically, track complete Elliott Wave patterns, watch for candlesticks, Fibonacci-levels and positive/negative divergence in RSI 5 and 13, with RSI 34 and RSI 89 for larger moves, and use EMA6 as support/resistance, MA21, MA55, MA89 MA200 as longer term support/resistance. Also, another useful way of tracking what goes on is the Elliott Wave+candlestick+Bollinger Band+RSI+Fibonacci-mega-combo, wherein each part of an impulse wave displays certain characteristics that are relatively easily tracked using these 5 tools. Corrections are somewhat harder by nature, and one must look for slightly different things in the indicators, but overall it is the same.

I don’t use any mechanical systems at all, instead I form my opinion from watching a lot of technical systems and signals to reduce subjectivity in my Elliott Wave-analysis, and achieve some form of redundancy. Of course, sometimes it all goes to hell. J

Best Regards,

Jan

 


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Ämne: [amibroker] Bear Market warning

 

In follow up to my recent post on  "How to catch a "falling star?",  Don Wilson of DONS FUNS fame has just issued a Bear Market warning, which in a nutshell reads:

"The market is severely oversold so we should see a rally in the next few days. This rally may or may not be a profitable rally.
The main thing to remember is the first "sustainable" rally after the bear market is over is the most profitable rally for the next 4 to six years,  you don't want to miss it. I said "sustainable" rally, it will normally take a few head fakes or false starts before we see the "sustainable" rally. So you say how will I know when this sustainable rally arrives? You or me or no one on the planet will know when it arrives. We must depend on the Managed Risk Investing Signals " (i.e. Technical Analysis).

Again, any indicator that might aid in foretelling this move will be appreciated by all!

Dick H

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