Saturday, December 22, 2018

Dec 24, 2018 weekly outlook

Appears we have made an ICL (Intermediate Cycle Low).  I shifted the cycles to more closely match the data (as I interpret it.).  Also RSI broke below "over sold" level.

Enjoy the holidays!!

9 comments:

  1. Big bounce coming, at least 2604

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  2. Jeez another bad day, is this going to be 40 week low ???

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  3. Originally you had the 10 week cycle low at the very end of December...

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  4. I did note the change (shift) in cycles to better match the data. I am like the FED - data driven. LOL

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  5. off by 1 day on the ICL call. Had picked up $20k of stock in mid Dec. Today that proved to be a good move. Have made my goal for the year, Of course if I had 40 years trading experience like our troll I would have done much better. Wait. I started trading some in the mid 70s and that is 40 years. LMFAO

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  6. NICE!!!! That's what 40 years experience does for you. $20k turned in to $22.5k

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  7. Nice!! What's next now?

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  8. Be careful, don't overstay a position. This is a trading market - usually 2-3 days - maybe even a day trade for 1-2%.

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