Posted On: 02/24/2015 4:35:31 PM
Post# of 96892
My wild pps prediction of two weeks ago only has one trading day left, looks like I will be retiring from pps predictions.
However, our pps has been holding well. If you look at the 3,6,9,12 month charts and the direction we were going, it looks like if we can hold this range for just a bit longer it could be the reversal.
https://www.google.com/finance?cid=16419423
I think the shorts are in a real tough position now and they are very lucky we have had absolutely no buying pressure for a couple weeks.
Possibly some longs are thinking like I am. I am some $$$$ just in case this was to go lower, but I do not expect it to.
Any news at all that creates buying pressure should confirm an uptrend.
However, our pps has been holding well. If you look at the 3,6,9,12 month charts and the direction we were going, it looks like if we can hold this range for just a bit longer it could be the reversal.
https://www.google.com/finance?cid=16419423
I think the shorts are in a real tough position now and they are very lucky we have had absolutely no buying pressure for a couple weeks.
Possibly some longs are thinking like I am. I am some $$$$ just in case this was to go lower, but I do not expect it to.
Any news at all that creates buying pressure should confirm an uptrend.
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