Posted by frtaylor on 26th of Sep 2011 at 08:47 pm
That's a good point. How does that figure with your weekly
chart with the 70 sma showing we're now below it? That chart
implied we are going to continue down, but if we go up for a month
or two, wouldn't the market cross that average?
Touche frtaylor... they are contraditory. The 70 wk MA
looks much simpler and foolproof. There is a point to be made
about the 5 months down AND the excessive bearishness. Maybe
we just continue downwards -- everything that should produce a
bounce doesn't. After all, once a ponzi scheme is recognized
for what it is, bearishness can reach 100%, but it will still
collapse. My head is spinning now.... too much for me
tonight. Beer o'clock!
That's a good point. How
5 months down in $SPX
Posted by frtaylor on 26th of Sep 2011 at 08:47 pm
That's a good point. How does that figure with your weekly chart with the 70 sma showing we're now below it? That chart implied we are going to continue down, but if we go up for a month or two, wouldn't the market cross that average?
Touche frtaylor... they are contraditory.
Posted by kalinm on 26th of Sep 2011 at 08:52 pm
Touche frtaylor... they are contraditory. The 70 wk MA looks much simpler and foolproof. There is a point to be made about the 5 months down AND the excessive bearishness. Maybe we just continue downwards -- everything that should produce a bounce doesn't. After all, once a ponzi scheme is recognized for what it is, bearishness can reach 100%, but it will still collapse. My head is spinning now.... too much for me tonight. Beer o'clock!
Believe me, it all makes
Posted by frtaylor on 26th of Sep 2011 at 09:53 pm
Believe me, it all makes my head hurt too! Time for ibuheineken.