Just curios for those who track and trade growth equities on this site. What is your take on stock breakouts. 2 that I follow IRBT and FIO just broke out more then 8%. I always feel like this is kind of market manipulation, the stock breaks higher by a large number in a day and hold some interest for the next 5 days, psychology says it is time to get in before the next big move, but it seems the odds favor an eventual fill the gap, then some Tsunami hits and the stock gets reset.
Now if someone could get Atilla to just clarify the “we will test the March 2009 lows in the coming months.” Does coming months mean 2011? Or do we have to wait to break out the popcorn until 2012?
Falling wedge of US Dollar: http://niftychartsandpatterns.blogspot.com/2011/10/falling-wedge-of-us-dollar.html
Just curios for those who track and trade growth equities on this site. What is your take on stock breakouts. 2 that I follow IRBT and FIO just broke out more then 8%. I always feel like this is kind of market manipulation, the stock breaks higher by a large number in a day and hold some interest for the next 5 days, psychology says it is time to get in before the next big move, but it seems the odds favor an eventual fill the gap, then some Tsunami hits and the stock gets reset.
Now if someone could get Atilla to just clarify the “we will test the March 2009 lows in the coming months.” Does coming months mean 2011? Or do we have to wait to break out the popcorn until 2012?
Get short now! They just cleared out the overhead stops from this morning!
Atilla wrote some twits
Maybe? Depends on how we close today? I think we’ll sell off a little here and close below the broken trendline of support from the 1074 spx low
I guess as long as the debt problems remain unsolved, keep ramping. Every time europe delays the meeting, that’s another 25 points in es. Delay=rally.
Should rollover soon I believe…
http://screencast.com/t/IVqQ06EHhL
The backtest has been completed… I’m going short right now.
Madman Bernank pushed the euro (as usual) into extremely overbought territory to ramp es.