Accumulation Strategy in Full Effect
In this multi-year Livermore accumulation cylinder and multi-month trading range, the strategy isnt to day trade swings but to BUY ACCUMULATE a multi-month swing long position for a significant equity mark up due into a Spring 2012 cycle high. SPX may reach 1422 by early 2012.
Todays 1st Quarter Moon Bear Raid just another buy zone. An Andrews capitulation pattern like this is typically a violent reversal.
Speculate for the long pull. End game is at hand.
Todays 1st Quarter Moon Bear Raid just another buy zone. An Andrews capitulation pattern like this is typically a violent reversal.
Speculate for the long pull. End game is at hand.
posted by chartblog at
10:30 AM
3 Comments:
FWIW,
Goldman Raises US Recession Odds To 40%; Sees More Fed Easing, Expects Recession In Germany And France. Further reduces SPX target from 1250 to 1200.
http://www.zerohedge.com/news/goldman-raises-us-recession-odds-40-sees-more-fed-easing-expects-recession-germany-and-france
Hi Dave,
Today's lows in Dow and SPX seem to be very good candidate for short term bottoms.
thank you,
NN.
http://www.mediafire.com/i/?j449tjsqj99jqy8
http://www.mediafire.com/i/?0mdf94x0i426wpx
Indeed Zas. Nice charts.
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