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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (200312)6/7/2011 12:53:23 PM
From: Mario :-)1 Recommendation  Read Replies (3) of 313100
 
Dara, on some other msg board, few months ago, we were talking about market tops. I said something like we all knew top was in and you asked who/how knew. this is follow up now :-)

I think we are in a similar position. We are topping out, but exactly to pin it down will probably be a trick to do :-)

We are due for a short term bounce based on this chart and past history when TRIN plotd that dot above that horizontal line. Check past examples, marked with dotted horizontal lines. Almost every time, if you bought when trin spiked up, you did cash in profit if you held week or two. So, short term we have good odds to go up for a few days.



{credit for this chart goer to Rumoro from Chiefs thread}

Intermediate term looks like we are topping out. One option, possibility would be, that we bounce similar as I marked on the chart and then we roll over...



No guarantees though <vbg>
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