Jump to content

"What's Beyond The Sky?"


Guest

Recommended Posts

  • Replies 164
  • Created
  • Last Reply

Maybe the "With Mainstreet on the Sidelines, Market Rally Stalls" article in the WSJ fired up the bull boys. All they have to do is ramp and convince the "retired marketing executives" and the "family practice dentists" to cough up the dough they claim they've been stashing.

 

rr

Link to post
Share on other sites

Folks, don't get spooked by the high put/call ratios. They are bullish only in the very short term (1-3 days). Longer term, they will result in an upturn of the 21-dma of the $CPC, which is bearish. Remember the chart I posted a couple of weeks ago? In fact, the 21-dma of the $CPC made a low on December 2, which low remained in force for more than 10 trading days. According to Larry McMillian, this is a Sell signal; we got it on Friday.

 

Regards,

Vesselin

Link to post
Share on other sites
UNH setting up again..This next move down could be large.

 

Also many other recent "leaders" on the verge of breakdown. APOL, COCO, EXPE, IGT, AZO. This rally should be short lived, short 'em on the bounces.

 

 

chart.asp?symb=unh&time=10dy&freq=1hr&compidx=aaaaa~0&ma=4&maval=20,50,200&uf=0&lf=4&lf2=32&lf3=1024&type=4&style=962&size=1&state=0&sid=175454&country=US&intMode=3&pageTitle=Chart%20for%20Unitedhealth%20Group%20Inc&doChart=True&partner=0&mocktick=1&rand=9295.png

K Wave comes up for air. :grin: :grin: :grin:

Link to post
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Guest
This topic is now closed to further replies.
  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    No registered users viewing this page.

  • ×
    • Create New...