Moomin Valley (formerly Troll-free Zone) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: venividivici who wrote (1656)	8/31/2006 12:13:43 PM
From: Moominoid	Read Replies (1) of 2852

This rally is looking pretty dead here: stockcharts.com Based on the prices earlier this morning my model would have switched to long, and I got close to pulling the plug/switch or whatever metaphor, but now in fact the spike up has extended the recent range and makes the model more likely to remain short at today's close. Also I mentioned that my indicators were very similar to last November. Another difference is back then the full(5,5,3) stoch went above 80 on a 20 point up day. And the follow through day was another 20 points up and a runaway rally ensued. Here the breakthrough was a 3 point day and the follow through day was something like 9 points.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next