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发表于 2010-4-9 11:45 AM
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Such reading may indicate a short term correction is needed. But the last two appeared in 2004 and 2005, right in the middle of a bull market and there is a long way to go to 2007 peak.
Logically this makes sense, because when people are optimistic, they will start spending which is very important for the recovery, and this will lead to furthre growth in the economy and the stock markets.
Maybe 0.48 should be read as a mid-long term bullish signal and thus the strategy is not starting shorts but waiting for good entries to buy-dip, buy-dip, and buy dip ... till at least a year and a half from now (2003-2005 and then 2005 to 2007; now just experienced 2009-2010 so, after this 0.48 reading, the bull market will have another leg into 2012). |
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狗仔卡
发表于 2010-4-9 09:56 AM