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Re: SyndicateTwo post# 217

Saturday, 02/21/2009 11:16:50 AM

Saturday, February 21, 2009 11:16:50 AM

Post# of 541
S2 I can see your logic on these charts,however maybe we have to throw logic out the window.My experience has been the larger the spread between the ema and sma the greater the move in that direction.The spread has increased in this downward tread.Until we cross back over the 5ema we continue down.To me that is the safe play for now.In your system you use the cross over of the 10ema and 20 sma and tread line.As i see it the qqqq's high was below the 5ema and trend line.(drawn from feb,10th)The safe entry on this move on the qqqq's maybe 29.30(5 ema at 29.26)and target of 30.00 as 10 sma is 30.05.My fear is the doji on friday was more of the news that came out late in the day.Who knows how the govt will screw things up this week.I think any entry point has to be above the high on friday.Use the 5ema with he others i like how often it hits the high's and low for the daily chart.S2 the reason i bring all this up,your post #191 deals more with cross over's where as these recommendations are a bit more involed.

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