Thursday, June 10, 2010

SPXU_240m Trading Model - Part II

Below is follow-up view of the SPXU_240m Trend Model

Two scenarios are operative. 

First, a retrace to trend line support before another leg-up. 

Alternatively, a breach of trend line support suggesting lower prices for SPXU and higher prices for equities. 

SPXU 240m Trend Model (7, 4.0)


3 comments:

  1. Anonymous9:23 AM

    Let's hope for the latter scenario.

    ReplyDelete
  2. Anonymous9:54 PM

    Allan,

    BP may go to zero if the following information are correct:

    They say its leaking minimum 5 million barrels /day and pressure from the well is 20 - 70 thousand bps. They do nothing about it. Nuclear intervention could cause even more dangerous spill. There is huge quantity of poisonous organic components leaking to the water and atmosphere. I wish all information are just not true.

    http://www.youtube.com/watch?v=5WgjobZcAeA&feature=player_embedded

    Lili

    ReplyDelete
  3. Anonymous11:41 PM

    How many times does it have to cross the trend line? Just once like today or do we need another day on the long side of the trend line?

    ReplyDelete