TB; RE:" phone phleet "
>The Phone Phleet set out to sea again. I guess at the right price, I'm willing to hold thru the fed meeting. :-) The next port of call is set at the defensive line of resistance...
Your mate is of little help here in this fog, Admiral: my Reuters Radar has been down since 01-FEB on some snafu.
There is another evening star in the PNX.X sky. Connect the dots between CLOSE 20-JAN and CLOSE 01-FEB, and steer by these two doji evening stars: that's Admiral Bear's DownTrend battle line.
The UpTrend battle line looks like PNX 490~495, and we beat them back today, but we'll need some Major Market mo to do so tomorrow. Major Market's small-cap ground troops continue to get slaughtered, and are in desperate need of capital liquidity reinforcements !
The TradingRange battle line looks like PNX.X ~475, near the 50d EMA.
I think Admiral Bear is trying to lure us into battle at the UpTrend, hoping to get us to commit our reserves before the main battle at the 50d EMA.
If he breaks through the first line of defense, and plunges towards the 50, he will most certainly be met by overwhelming Bull forces, pulling back towards our old UpTrend battle line, towards the safety of the line drawn between the two evening stars. We can scalp him there, Admiral, then withdraw.
We need for the Major Market's ground troops to give us some mo here, before Admiral Bear breaks all our phone phleet UpTrends and drives us into a bloody trench Trading Range war of attrition.
I'll Hit & Run at the UpTrend Line with 1/3 of my fighting strength, and commit my 2/3 reserves at the 50d EMA battle line.
...hope to have the Reuters Radar unit back up tomorrow (^_^)
-Steve |
