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Kevin Wilde
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Kevin Wilde is the chief trading strategist at alphaking.com and a Marketocracy.com Master. Investors can follow his trading advisories via his Daily AK newsletter, or have their money run for them via Marketocracy.com money management services, where Kevin's trades will be automatically entered.
My company:
AlphaKing.com
  • Buy Buy Buy 2 comments
    Feb 6, 2013 11:31 AM

    The short term indicators are currently triggering double buy signals.

    Focusing on the two indicators at the bottom of the chart, the green circles highlight such short term buy signals in the past for the McCellan indicator (NYMO - yellow line) moving below the lower de-trended Bollinger Band extreme line, while the blue circles and arrows highlight the VIX (white line) moving across the upper Bollinger Band extreme line.

    The VIX signals short trade entry and exit, with the current stance exit shorts and go long.

    The McCellan signals long trades, with the current stance exit shorts and enter longs.

    The red arrow highlights the last time we got both triggering buy signals at the same time.

    Kevin Wilde, Chief Trading Strategist, Alphaking.com

    (click to enlarge)

    Disclosure: I am long QLD.

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Comments (2)
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  • Buy Buy Buy - Scary recommendation!!!

     

    You have better cover your eyes and ears.

     

    I wish you Good Luck carry out with your buy QLD!
    7 Feb 2013, 05:09 PM Reply Like
  • Author’s reply » VIX bollinger band triggered new buy. Bears get too eager too quick. Blow-off won't end till bears capitulate and stop trying to short every dip. Markets collapses once blow-off completes, though zero sign we're at that point yet. But risk is certainly high for both the bulls and the bears, which is common in high risk - blow-off phases - of the bull/bear cycle, which we are in. Are you short here?
    8 Feb 2013, 08:15 AM Reply Like
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