Tran in blue
Friday, September 21, 2012
Thursday, September 13, 2012
2010 analog - Election bottom?
Here's the 2010 analog I've been looking at since Mid-May.
Weekly chart. My thinking was that the Oct 2011 was a new bottom. After that, was a melt up that no one expected. This melt up looked similar to June 09 to Jan 10 period. So the dunce cap of 2010 was copied over to 2012. Has matched fairly close so far. Analogs are never perfect. Will see in the next 15 days if the analog holds up. Will put a few shorts on in the coming days, but will wait for weakness before adding. Don't fight the Fed!?
Weekly
Daily - expected bottom 122/123, just in time for election
Weekly chart. My thinking was that the Oct 2011 was a new bottom. After that, was a melt up that no one expected. This melt up looked similar to June 09 to Jan 10 period. So the dunce cap of 2010 was copied over to 2012. Has matched fairly close so far. Analogs are never perfect. Will see in the next 15 days if the analog holds up. Will put a few shorts on in the coming days, but will wait for weakness before adding. Don't fight the Fed!?
Subscribe to:
Posts (Atom)