Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.27

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Dec 26 4:00 PM EST

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To: Fintas who wrote (45846)	2/10/2013 3:50:51 PM
From: Vendit™	Read Replies (1) of 220756

Q-What % to that yellow line. A-If you mean top yellow line the answer is 0%. If you mean the lower line I don’t believe that is possible to calculate since the upper and lower are moving target each day moving forward until the point forms at which time the index has decide which direction it will break, Q-Will it stop above and reverse. A-Based on the overbought status of the lower indicators I say the move will stop at the line and reverse this week. Q-Will it stop at a point above and come under. A-Any move above the line would technically be abnormal and a pullback inside the upper line can be expected. A move above would be brief. Q-If so what would be a % to consider A-It is not possible to calculate any rise above the upper line and I doubt that will happen with extreme overbought lower indicators. Q-Can it be supported by fibs. A-If you mean Fibonacci I don’t use them since I think that are not a precise form of technical analysis. Q-What the starting point for those Fibs. A-N/A Q-What is an objective view of FA A-If you mean Financial Analysis I rarely do that since the indicators tell me everything that I need to know. That sounds crazy I know, but I have made many stock trades without ever know whether the company was profitable, what they made or sold etc. My criteria is at least 1 million shares traded per day and a reliable technical history when you back test 2 years,

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