Tidally speaking, we should have entered a short weekly downtrend at the end of this week...but apparently no so based on friday's numbers. I think bears call it market manipulation or something similar:) More on the boys fingerprints on the markets later.
Well, first week of projecting the market I have to say was even more successful than I could have possibly hoped for. Other than the obvious take down of the market on wednesday afternoon and subsequent re-launch of the snp futures in the wee hours of thursday morning (check it out for yourself - the boys were hard at work), it appears our projection were spot on. Obvious that they wanted to clear out some long stops before what they have ahead of us. A word of caution, before you start trading off this model, lets give it some time for observation....there is such a thing as beginners luck...in any event, very encouraging start, lets see where it goes from here. It is said no one can project the markets and I believe that, but that doesnt prevent some of us trying. :-)
No comments:
Post a Comment