Tuesday, January 22, 2008

Black Cygnet Arrives

Click charts to ENLARGE.

Vol bands coming in.
__________________________________________________________TD Absolutes (tm) - these are 'shortcuts' as I've simply organized them by percent reduction off the max high 255 sessions. For example, IFN would have to fall 27 percent to get to the .618 times high level
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Same data for some Dow industrials components
____________________________________________________________ETFs greater than 5 million shares daily, ranked by DeMark TD Absolutes (tm)...short-cut version above)
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Technical damage is huge, and relative strength isn't enough right now.Here's small cap Biotech (IBB)...going nowhere, with superior relative strength.
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Does anybody wonder why the hubris of the academician central bankers gets challenged? Or why you must do your own thinking when the institutions and the financial media are simply selling you a product? Those who are playing defense will be okay when the Black Cygnet flies through today.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.

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