AI
Thursday, January 12, 2012 2:16:41 PM
I don't know if we have run out of buyers but sellers are just about nonexistant as well... LOL.
No big read for me but I am always reminded in markets like this of the line that says 'Becareful shorting quiet markets' or something to that effect.
Using northam's Phase I & II system, we are in Phase II's in everything from 60 min to Daily, Weekly and Monthly. The Monthly is just beginning a new Phase II and on avg they last over a year, although the last three have under preformed in length or time.
Here is the Monthly northam chart. He is looking for a confirmed new Bull with the ema 3 finishing the month above the 8ema, currently sits 11 points above.
All just food for thought.
No big read for me but I am always reminded in markets like this of the line that says 'Becareful shorting quiet markets' or something to that effect.
Using northam's Phase I & II system, we are in Phase II's in everything from 60 min to Daily, Weekly and Monthly. The Monthly is just beginning a new Phase II and on avg they last over a year, although the last three have under preformed in length or time.
Here is the Monthly northam chart. He is looking for a confirmed new Bull with the ema 3 finishing the month above the 8ema, currently sits 11 points above.
All just food for thought.
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