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Two more setups from the same Larry Connors school of thought:
1. The Turtle Soup Buy on the vix: Very close to being triggered for VIX
chart.
Pattern recap:
- Today close = new 20 day low
- previous 20 day low = >= 4 bars ago
- buy on trade above today's low
- stop = today's low.
Rising vix = usually falling market.
2. TRIN Thrust: An up move of 0.30 or more should get follow-through the
next day,
If TRIN closes here (up .38) we're free and clear.
I know thse posts/signals are decidedly bearish the market.
If they fail, at least we'll learn, "Live".
If they fail, the market is setting up a gonzo trending move.
Gitanshu
Attachment Converted: "f:\eudora\attach\vixtsbuy.gif"
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