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Impulse system does its own trade regardless what's happening around.noob wrote:Cobra, got a quick question for you. You've mentioned in trading signal that this doesn't look good for bulls, but the impulse system will try to buy this dip? Does it have anything to do with the potential holiday rally? Is the buying very short term in nature? Thanks.
Well, Volpinacci, who is making now espresso “à la Gannoise”, says that AAPL just closed under the 5/8 MM support…and that one should watch more lower levels. Among them, he prefers the blue line (~366.6) = SMA(165) which has an excellent historical track record as a STRONG support.99er wrote:Thanks, cougar. Never as nice as yours (or Volpinacci's).
Updates
BKX http://99ercharts.blogspot.com/2011/11/bkx_19.html
VIX http://99ercharts.blogspot.com/2011/11/vix_19.html
More tomorrow. Have a good one!
Cobra wrote:Impulse system does its own trader regardless what's happening around.noob wrote:Cobra, got a quick question for you. You've mentioned in trading signal that this doesn't look good for bulls, but the impulse system will try to buy this dip? Does it have anything to do with the potential holiday rally? Is the buying very short term in nature? Thanks.