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double red?

 
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rfb@rmi.net



Joined: 01 Jan 2007
Posts: 2
PostPosted: Wed Aug 08, 2007 5:10 pm    Post subject: double red? Reply with quote
Hi John,

Looking at the charts now it seems the correction may be over, at least in the short term. Your system is showing strong weakness ahead. What is your view at this point? Thanks John!!
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bbands@bollingerbands.com
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Joined: 08 Feb 2008
Posts: 246
PostPosted: Wed Oct 03, 2007 9:30 am    Post subject: Reply with quote
Sorry, but I didn't see this until just now.

Even though there is quite a bit of reverse sensing in the model, it will remain double red in a severe decline until after the selling pressure abates. The model is built to adapt rather quickly, so it should start stepping back towards positive as the recovery rally gets going.

jab
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