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incoming:ALdaytrade wrote:
Looking for down-down-down-down-down!
Tired of waiting-waiting-waiting-waiting-waiting!
I am asking about the 1960ish we reached on June 19th, 2014 as the left shoulder.fehro wrote:SPX 5m.. bearish rising wedge/bear flag... under the channel
IWM target +38% to 163Varaha wrote:For what its worth,
using my Gibbs sampler which searches a 32-dimensional surface, where the parameters cover just about
all strategies using MA crossovers (and a few quadratic terms thrown in for good measure...),
(at the risk of being even more opague than FlowerGirl ...)
the only really bearish
intermediate (i.e. predicted 30-40 trading days from now) term signals I am getting is for the gold miners (GDX). Everything
else (IWM, RUI, FCNTX [=QQQ, AMZN + GOOG + AAPL], SPX, IYR [and SPG]) seem BTTW bullish.
Large cap seem to be slightly weak, though.
My canary in the coal mine for the market in general is F (Ford Motor) and it certain passed muster today.
I am thinking of buying a load of DUST to play a possible island reversal on GDX.