Now what?
I've added an optimized parabolic to the mix, putting the orthodox Buy for Monday between 49-50.
Orthodox Buy?
Yes, that point at which a mechanical buy will be triggered based on traditional GET parameters, including the trend regression breakout, the piercing of the 6/4 MA Bands and/or the hitting of the parabolic reversal. But that's still 10% above current levels, so, I drew a trend line connecting the descending highs of last week. We break through that trend line Monday at about 45 1/4, which was Friday's high. So buying a break of 45 1/4 with a stop under Friday's low of 43 might be worth a try here.
Anything else?
Candlesticks. I will now go into an in depth analysis of the current candlestick pattern, based on my extensive work in this area. Excuse the length and technical language here, but there is no other way to adequately describe all that is going on: Thursday was a bad candle and Friday was a good candle. another good candle on Monday would be, well, it would be good.
Is that it?
Remember when GET had a feature that would explain these candlestick patterns?
Hey, I'm asking the questions here.
Yea, I remember that, so what?
Well, it's gone now and all I can remember about candlesticks is that some are good and some are bad...unless you're short, then some are bad and some are good.
Oh I get it, the eternal battle between good and evil. That would explain your earlier reference to Paladin, "A night without armour in a savage land." Wasn't that California?
Say good night, Gracie.
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