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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (9585)6/29/2008 10:49:38 PM
From: Stoctrash  Read Replies (1) | Respond to of 33421
 
Falcon,
IMHO, I'd use the pure stocks or index...not an inverse or leveraged tool to do any LT projections.

I'm not saying the technical work on them (SKF, SRS, QID, QLD, SDS, etc) is useless...but for the big picture using apples to apples makes sense. Of course I could be totally wrong about this too <GGG>, but I'm regressing back to old school.

Now to take them a step further, create some synthetic SKF's and see how they compare and act VS the real SKF ...and their respective index. That would or could give you some neat ST insight on things. I use to do this with the QQQ many years ago when it first started trading. The sized of $$$ traded in theses things really amazes me.



To: nspolar who wrote (9585)7/7/2008 1:07:46 PM
From: nspolar  Read Replies (1) | Respond to of 33421
 
SKF is reaching to the stars, in a powerful move.

It is exceeding my projections.

That almost confirms the chart shown in #msg-24716520 is labeled correctly, and SKF is in a 3rd wave. As much power as is being shown here it must be.

There will be one hell of nice correction back at the end of this wave, but the next top will not mark the end of the financial swoon. This tells us that there is a long ways to go here yet. Imo.