I agree...but how many more times will it "work." Guess it
works till it breaks but seems to me we are getting a bit foamy
here and a pull down to a daily TL is more likely than another
parabolic Monday. Consider last two Mondays. Feb 22nd
we came ofter 8 up days and was promptly sold into Tuesday.
March 1st came off a 4 day sideways consolidation and had the fuel
off the bull flag. March 8th I think is going to be more like
Feb 22. Pop higher and run out of buyers fast. They are
spent in my opinion. Especially RUT and NDX....come on Rut up
6% in one week and up almost 90 points in one month...when the
stops run out there is going to be a bag in someones hand.
I agree...but how many more
OK now let's gap up again on Monday
Posted by corbincj on 5th of Mar 2010 at 06:28 pm
I agree...but how many more times will it "work." Guess it works till it breaks but seems to me we are getting a bit foamy here and a pull down to a daily TL is more likely than another parabolic Monday. Consider last two Mondays. Feb 22nd we came ofter 8 up days and was promptly sold into Tuesday. March 1st came off a 4 day sideways consolidation and had the fuel off the bull flag. March 8th I think is going to be more like Feb 22. Pop higher and run out of buyers fast. They are spent in my opinion. Especially RUT and NDX....come on Rut up 6% in one week and up almost 90 points in one month...when the stops run out there is going to be a bag in someones hand.
It's like a trend: it
Posted by junkie on 5th of Mar 2010 at 06:34 pm
It's like a trend: it works while it works till it breaks down and reverses. And all one can tell certainty that it has worked in the past. LOL!