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Neurodoc
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Neurodoc's Blog : Overbought PPO signal expired

Date January 30, 2012    Comments Comments (5)    Rate this post Recommend This Post (26)   
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The PPO overbought signal from about 1/13 (tends to be more reliable for oversold) can now be considered expired.  At this point the signal can be considered negated, and with the bullish percent indicator still solidly positive and a probable positive January effect in the making (although 2 trading days to go), I plan entering more long positions this week.  (I am though watching some key bearish engulfing patterns occurring last Thurs, and the January run appears extended).



5 Comment(s):

Author BSNBC     Date January 30, 2012 11:56 Abuse this post Report Abuse
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i think come back in 2 months or so. market has had a big run. nasdaq is up 12% in 3 months. market will go down one of these days.
Author Neurodoc     Date January 31, 2012 02:29 Abuse this post Report Abuse
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Of course, but it may be a mild consolidation and then have another good run through May
Author BSNBC     Date February 2, 2012 10:40 Abuse this post Report Abuse
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market is on fire. ride the train. Dow 14,000 Nasdaq 3500?
Author Neurodoc     Date February 2, 2012 22:05 Abuse this post Report Abuse
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well, yes, continue the ride, but I'm not buying tomorrow with a bunch of indecision dojis and RSI overbought in several key sectors.
Author BSNBC     Date February 3, 2012 13:20 Abuse this post Report Abuse
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looks extended with Nasdaq up 1.6%. wait for the dip.
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