SHORT-TERM MODEL HAS NO IDEA ABOUT THE TREND, HODING BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVERNIGHT
The bottom line, I don’t see today’s drop as bearish, too slow and too small, so doesn’t look like a bear roaring, and while we retailers may spend another night arguing bear to be or not to be, our fate may have already decided by those invisible “Phantom Bars”. Unfair, but it’s the reality we live with, let’s see.
No update on short-term model, Cobra Impulse System and Non-Stop model.
ASTRO Update Next Lower Low…
http://astrofibo.blogspot.com/2011/10/astro-next-lower-low.html
ASTRO Update Decli Speed…
http://astrofibo.blogspot.com/2011/10/astro-update-decli-speed2007-2009-2011.html
Not sure I get what phantoms bars you’re referring to… the chart above seem to imply that the SPY leads the SSO, and that we’re headed up. Please correct me if I’m wrong!
That false SPY tick (aka phantom bar) usually will be reached. But it works perfectly on intraday chart if there’s a phantom bar. The daily chart bar usually takes more times to reach.
http://i40.tinypic.com/4htc1k.png
thx, ding