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27-01-2010, 01:34 PM
#1051
yeah, that proved to be a duster!
if we dont bounce today we are sure to move from magenta to red....
therefore i must sell all my holdings
“If you're worried about falling off the bike, you’d never get on.”
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27-01-2010, 02:30 PM
#1052
footy, why not wait a couple of days?
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27-01-2010, 07:29 PM
#1053
MSI Update.
 Originally Posted by Phaedrus
This remains a "normal" correction. It does not take us anywhere we have not been before during the course of the spectacular uptrend we have been enjoying since March.
Alas, alack - this statement is no longer true.
Today's drop did take us into new territory, specifically :-
(1) The MSI turned Red.
(2) The SMA88 was broken.
(3) The trendline was broken.
(4) The Stochastic oscillator (80) turned negative.
I find it immensely encouraging that my "automatic" Market Strength Indicator fired simultaneously with other indicators that had been specifically tailored to this uptrend. I hope that you, too, also find some comfort in this!
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27-01-2010, 08:00 PM
#1054
Originally Posted by Phaedrus
Alas, alack - this statement is no longer true.
Today's drop did take us into new territory, specifically :-
(1) The MSI turned Red.
(2) The SMA88 was broken.
(3) The trendline was broken.
(4) The Stochastic oscillator (80) turned negative.
I find it immensely encouraging that my "automatic" Market Strength Indicator fired simultaneously with other indicators that had been specifically tailored to this uptrend. I hope that you, too, also find some comfort in this!
Love your work Phaedrus, and thanks again for your contribution.
I'm now down to only two stocks and only 16% invested.
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27-01-2010, 08:06 PM
#1055
I'm scared.
Hold me someone!
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27-01-2010, 08:07 PM
#1056
hmmmm. quandry, so in the face of that change in market sentiment, what to do with still uptrending stocks? stay in? eg today, all my stocks bar MPO (getting the heave soon) went up. does the shift to red necessiate a sell on all stocks?
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27-01-2010, 08:09 PM
#1057
Originally Posted by Lego_Man
I'm scared.
Hold me someone!
legs, i still reckon we bounce By weeks end. im prepared to look a fool. if not we always have each other (kenny/dolly)
Last edited by evilroyrule; 27-01-2010 at 08:11 PM.
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27-01-2010, 08:09 PM
#1058
What i want to know is has the indicator ever tipped red in a bull market phase before?
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27-01-2010, 08:22 PM
#1059
Originally Posted by evilroyrule
hmmmm. quandry, so in the face of that change in market sentiment, what to do with still uptrending stocks? stay in? eg today, all my stocks bar MPO (getting the heave soon) went up. does the shift to red necessiate a sell on all stocks?
Good question. I have continued to hold CFE because it is still in its own uptrend. Stocks such as WCL have been ditched as no confirmed up trend.
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27-01-2010, 08:25 PM
#1060
Originally Posted by Lego_Man
I'm scared.
Hold me someone!
Its ok to be scared. The sky is falling! We need more scared people to sell so we can pick up some cheap stocks. 
Last edited by Dr_Who; 27-01-2010 at 08:27 PM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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