The Technician wrote:Disregarding Action Signals.could be the S&P is going to 1100 this summer........this is just a theory.....as near as I can tell.....
Projections are hard to do......but given the current environment with a declining economy.....I'd believe the theory is better than 50% accurate....
The Technincian
My last Interfund transfer was based purely on feelings. There was not a buy signal and I bought.Penalty: down 27 points in C and 36 in S from the entry point. That's a big penalty for disobeying the rule.
What's ahead: Back to the drawing board. C and S should be breaking out of the descending parabolic channel (brown lines) in the very near future. Then C and S will go back up (fast) to hit the triangle upperline (top black line). Then, down the drain it goes again (not shown).
Call: if you are not invested wait for a buy signal in C, S, I, and F.
If you made a premature IFT: Hold
Good luck
[img]file:///C:/Program%20Files/WPK/websites/tspgoframes/images/cfund000tsptalk.gif[/img]
Bookmarks