STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?
first of all route A is for intermediate-term.
higher high is for tomorrow, guaranteed.
short-term, normally we'll see pullback. just normally. there's always exception.
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STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?
first of all route A is for intermediate-term.
higher high is for tomorrow, guaranteed.
short-term, normally we'll see pullback. just normally. there's always exception.
Why is higher high guaranteed tomorrow?
You don't read my daily report do you?
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Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...
Today my charts were traps. Hope nobody was mislead.
Last edited by uempel on Thu Oct 27, 2011 3:38 pm, edited 1 time in total.
this is an adjusted trend line. still I don't remember I ever see a day that didn't touch the EMA20 a little bit.
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uempel wrote:Mr. BuchNut, I'm not sure if this is a bull market yet. This might go on for a few days/weeks, but medium term the fundamentals should pull the market back down. I read the GS weekly FA report a few days ago, they are extremely negative, say stagnation probability 40%, recession probability 40%. Equity performance in those kinds of markets is weak...
Today my charts were traps. Hope nobody was mislead.
AF4.png
Your charts are nice. I think you draw your red fork prematurely.
volume surge again, cannot believe the pullback is over. we do have a no touch at EMA20 at all day, looks like.
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STC wrote:Cobra, do you think in the short term the market will pull back soon, then make another new high higher than today (route A)?
first of all route A is for intermediate-term.
higher high is for tomorrow, guaranteed.
short-term, normally we'll see pullback. just normally. there's always exception.
Why is higher high guaranteed tomorrow?
You don't read my daily report do you?
I did read your report, you said yesterday "Up huge tomorrow to make a decisive new high then most likely would fall back the day after tomorrow", that means tomorrow Friday market would pull back, so I was surprise when you said tomorrow is guaranteed higher high.