A positive impact can be seen right away. And when looking out 4-5 weeks the risk/reward remains very favorable. The market is certainly very overbought and could pull back at any time. But this is one study suggesting there's a good chance the current momentum begets more buying.
2 comments:
Boatload O Charts for your bearish delight....
During the ramp, every time I posted a Boatload O Bear, the market would rally.
This shall be the litmus test. Please comment.
http://oahutrading.blogspot.com/
Thanks Rob as always for these fresh and interesting slants on this confusing and choppy market action.
Thanks Steve for such a dumb comment. It indeed is a litmus test; any comment dumber than this would have to show up ultrapink, that is extra-dumb. Any comment as dumb would be neutral; any comment smarter would actually be worth reading.
Post a Comment