Red, in regards to False Prints.
SPY wednesday was flat as a pancake.
Was this Tuesday close FP a signal, or just a coincidence. http://tinypic.com/r/24uvkg7/7
a loose count should be kept of how accurate FP’s work.
The human mind tends to remember working ones, and dismissing misses.
-GG
I think someone else posted it, but there’s an upside qqqq print at ~60. Seems logical that they’d hit the lower prints first, then the “blow off” would be at the upside print.
I forgot who sent me that? But yeah… it’s a scary print when you’re a bear. However, I don’t think we will see any of the upside FP’s until hyper-inflation kicks in.
There is more downside to come I believe, as the 15,30 and 60 minute charts still have plenty of downside left before they get oversold. This bounce is just the 5 minute chart resetting.
There is more downside to come I believe, as the 15,30 and 60 minute charts still have plenty of downside left before they get oversold. This bounce is just the 5 minute chart resetting.
Keep in mind we have a FP of QID of 4.96 and BAC of 300, both are upside prints. QID 4.96 is probably years away and for BAC 300, can you say Nationalization?
And I’m going off memory here, but didn’t someone post a technology print last week that was higher? It may have been hit, but at the time it was posted last week, it was a 4% climb…I’d have to go back to the posts from last week dig into it.
Red, in regards to False Prints.
SPY wednesday was flat as a pancake.
Was this Tuesday close FP a signal, or just a coincidence.
http://tinypic.com/r/24uvkg7/7
a loose count should be kept of how accurate FP’s work.
The human mind tends to remember working ones, and dismissing misses.
-GG
I think someone else posted it, but there’s an upside qqqq print at ~60. Seems logical that they’d hit the lower prints first, then the “blow off” would be at the upside print.
I forgot who sent me that? But yeah… it’s a scary print when you’re a bear. However, I don’t think we will see any of the upside FP’s until hyper-inflation kicks in.
http://reddragonleo.com/wp-content/uploads/2010/06/QID-fake-print.jpg
Not sure who it was from, but I saved it cause it scares me (as a bear).
http://reddragonleo.com/wp-content/uploads/2010/06/QID-fake-print.jpg
Not sure who it was from, but I saved it cause it scares me (as a bear).
There is more downside to come I believe, as the 15,30 and 60 minute charts still have plenty of downside left before they get oversold. This bounce is just the 5 minute chart resetting.
There is more downside to come I believe, as the 15,30 and 60 minute charts still have plenty of downside left before they get oversold. This bounce is just the 5 minute chart resetting.
thanks johnny – i know the bac 300 print, but i have never seen any screenshots of that qid you mentioned……
thanks johnny – i know the bac 300 print, but i have never seen any screenshots of that qid you mentioned……
Richie,
Keep in mind we have a FP of QID of 4.96 and BAC of 300, both are upside prints. QID 4.96 is probably years away and for BAC 300, can you say Nationalization?
And I’m going off memory here, but didn’t someone post a technology print last week that was higher? It may have been hit, but at the time it was posted last week, it was a 4% climb…I’d have to go back to the posts from last week dig into it.