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Jeff, I saw today that it is still holding up. Frankly I'm really surprised. I'm totally undecided until the triangle breaks one way or the other. Sorry for not being helpful.
It was only one day....but the Nas dipped below its 50 day---too tempting for the Algorthymics to pass up.With QE ....corrections are limited to 4-6%.My thinking is to lean bullish for the rest of the year.Probably another 10% upside minimum from here.Margin debt still bullish.(we ll see more in a couple weeks).Cheers.
Bouraq, what's your take on EEM? It's been holding up despite the bearish indexes. Will it also roll over soon?
ReplyDeleteJeff, I saw today that it is still holding up. Frankly I'm really surprised. I'm totally undecided until the triangle breaks one way or the other. Sorry for not being helpful.
ReplyDeleteThanks for your reply. Appreciate it. What time frames do you use to draw your channels? Very impressive. Will look forward to your EEM update soon.
ReplyDelete4hrs, 8hrs, daily and weekly charts. Never smaller than 4hrs.
ReplyDeleteIt was only one day....but the Nas dipped below its 50 day---too tempting for the Algorthymics to pass up.With QE ....corrections are limited to 4-6%.My thinking is to lean bullish for the rest of the year.Probably another 10% upside minimum from here.Margin debt still bullish.(we ll see more in a couple weeks).Cheers.
ReplyDeleteToday's action makes the wildest bear doubt themselves. I'm a chartist. I turned bullish since all my channels broke up. 10% up? Very unlikely.
ReplyDelete