Monday, March 7, 2011

I9900 Waste Ink Absorber

My prediction of the last two weeks

To see the way they did the last two weeks of anticipation, I think the best way to revive both the graph showing the estimates and the thrust of my PFS I quote in the comment of the weekend of 19-20 February:
Now let's see how it actually resulted in the S & P500:
The forecast has allowed to predict a strong decline began Feb. 22 and the rally started 24 February.
Earlier this week I wrote that there could have been an excellent opportunity to buy at the weekend. In
comment February 24th I wrote:

today ... February 24 could be the day just to see a minimum and next upward. This is because we have reached a good target to 1302 points yesterday. But always wait for the confirmation of price, and preferably the opening of the Index.

STRATEGY
PFS saw a slight maximum on 20 February, and Friday could be just 18 or 21 on Monday just to get to the bottom, as mentioned in past posts.

Now they see a downward cycle, the PFS and also with a possible minimum at around 24 to 28 February. There are currently FLAT, LONG waiting to enter. The PFS shows an upward trend from this weekend.

WHAT DO I THINK IS STUPID. (This is what I think, is not the truth!) I think it's stupid LONG join in the current market if you do not have confirmation of price. Confirmation we have over 1296 + / - 1 point. If you go in you better wait to come back on, because the risk of an acceleration to the downside.
The price given to 1296 + / - 1 point was my key to enter the price rise because I expected a minimum and subsequent upward trend. The market has broken the level of two points of 1296, and then come back to it with force, that, as mentioned in the commentary, was the signal to go upward. See the chart intraday:
As always, a good dose of common sense, the indications given by the indications given by the price and time have allowed us to do a good job in the last two weeks. Always aware that we can make mistakes, but thanks to the study of prices we can use stop-loss intelligent, protecting the capital immediately in case of error. HELLO