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agreed, phil...given that there's no explanation or chart posted on how
the thingy is computed, it's just another crap shoot i-net wonder. the small
sample size makes it worthless as a predictive tool. give me a marty zweig
or ned davis or steve moore long term timing model over this crap anyday.
my longer term work suggest a swift "correction" to 1375 basis spoos mar00,
followed by new highs in late jan. all this crash talk nonsense is as bullish
as it gets sentiment-wise. if ya check out some of the trading chats, you
would have thought that ya stumbled into a bunch of bear dens :))
TJ
of course, another view is that there will be a run at 1500 next week, followed
by a minor correction to 1450 mid jan, before exploding upward and onward.
nice thing 'bout the markets, they never get boring :))
now i'm off for a nice little vacation.....later....
roos wrote:
>Take it for what it's worth to YOU. For me, it is useful to know
>that the risk is VERY high for long positions at this time.
phil replied:
>I think the sample size is too small to make such a statement.
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