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State Of Confusion


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JPM looks quite ill on the weekly. Mid teens coming up.

 

engine.asp?skin=marketscreen&split=1&pri=&time=&cname=&lcprice=&symbol=jpm&indicator=1,13,,;14,,,;32,5,3,3;33,,,;34,,,&dur=2y&freq=3&intr=&type=4&width=480&height=360

 

I'm short BAC, C, builders, FNM, BBH, USD and major indices.

 

Going for IBM; 12 monther is rolling over. And the monthly chart is great.

 

engine.asp?skin=marketscreen&split=1&pri=&time=&cname=&lcprice=&symbol=ibm&indicator=1,13,,;14,,,;32,5,3,3;33,,,;34,,,&dur=5y&freq=2&intr=&type=4&width=480&height=360

 

I'm interested in bioturds. Look forward to helping them out :grin:

 

It's hunting and planning time....deluxe.

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GTN, no I just like to look at that Merlin thing. Its amuzing. It falls in the lame category of "forecasts" and one never trades on "forecasts".

 

Like Dogboy inferred above, contrary to popular belief trading is pretty simple, just identify major turning points and new intermediate trends relatively early and jump on for the ride. Forecasts are bullshit.

 

That's it dude! KISS.

 

BTW, major top Dec 2? - YES

New confirmed intermediate downtrend - ? YES

 

What are you waiting for, a formal invitation ? :grin:

 

Hope Al's got alot of Preparation-H cuz gold is going vertical right now

 

U.S. Market Outlook

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