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Thread: Oscar Carboni's Videos

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    Default Re: Oscar Carboni's Videos




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  17. #381

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  19. #382

    Default Re: Oscar Carboni's Videos

    I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
    And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
    And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.

    Carboni.jpg
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

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  21. #383

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    Default Re: Oscar Carboni's Videos

    Quote Originally Posted by FireWeatherMet View Post
    I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
    And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
    And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.

    Carboni.jpg
    I agree with that, but with the threat of conflicts in the world it's not a time to go all in, NOT yet! MHO
    Thanks for the response I hardly ever to never get anyone's opinions of these Market Videos.



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  23. #384

    Default Re: Oscar Carboni's Videos

    Despite falling below it on that really bad day, it looks like day #4 did close above the 200-day ave., for what it's worth.

    Quote Originally Posted by FireWeatherMet View Post
    I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
    And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
    And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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