INDEX UPDATE
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As indicated in previous posts, the probability of a TECHNICAL DELAYED DIP is, unfortunately increasing. I will not be so bold to say that it will retrace to the recent lows, but it is possible. The two signals I notice yesterday are actually increasing. This DELAYED DIP should happen very soon, and could be as soon as later this afternoon, although the likelihood is after today.
For those who have followed my XOI trades, it did bounce on the CLASS 1 BUY, but only slightly. On any dip, the likihood is that the 250 support line should hold. Please be cautious and nimble. I have set 248 as my stop-loss point on my JAN calls.
The IIX is the strongest HiTech index today and was also strong yesterday (percentage basis).
The OSX bounced on the CLASS 1 BUY and is also one of the strongest indexes.
I would like to comment with no intention to insult anyone. At one time the IDEAS thread was a very strong thread with many contributing to it. I had felt that some of the comments were getting too animated and bold, which has the ability of some to follow without researching for themselves. Unfortunately, I am aware of quite a few who followed some of the comments blindly and lost substantial amounts. We are all adults and need to blame no one else, but on the same hand I do feel that bold/strong comments are not the most useful or helpful way to assist others. The number of posts there have been reduced dramatically.
We all have EGOS, however would truly hope that it does not get out of hand as it did on another thread. It will just make it unpleasant for those who post and prefer not to deal with such.
This is a very good and pleasant thread with plenty of good ideas, and I hope we can maintain such.
Happy trading |
