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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)
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To: Moominoid who wrote (1655)8/30/2006 5:42:59 PM
From: venividivici  Read Replies (2) of 2852
 
Would you become more bullish if we didn't get a strong downmove tomorrow?

If the 'flat' reading is correct, we've had our A down from 1584 to 1542 and now our B up, so we should be getting a largish C down to finish it off. Ideally, this C would fill the gap on the daily. Given how overbought we are according to sentimentrader.com's 'mean reversion' model, we should be able to do this relatively easily. Of course, that could just turn out to be 'famous last words' before a moonshot up. <g>
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