Date | Open | High | Low | Close | Volume | Adj Close* |
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Mar 27, 2013 | 18.81 | 19.45 | 17.98 | 19.32 | 1,747,300 | 19.32 | Mar 26, 2013 | 19.70 | 20.17 | 18.81 | 19.35 | 958,900 | 19.35 | Mar 25, 2013 | 21.90 | 21.90 | 18.72 | 19.71 | 3,123,200 | 19.71 | Mar 22, 2013 | 22.18 | 22.38 | 21.82 | 21.89 | 586,500 | 21.89 | Mar 21, 2013 | 21.90 | 22.43 | 21.90 | 22.23 | 531,100 | 22.23 | Mar 20, 2013 | 22.14 | 22.62 | 21.75 | 22.26 | 1,023,400 | 22.26 |
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Original Message (# 42020) by tivonomo on 3/20/2013 9:56:54 AM | | |
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| Re: The ship continues to attempt to turn....
With CCI still dropping and daily lows of 21.65, 21.78 and 21.92 the prior 3 days, we might see a turn but I don't see any evidence of turning.
If we keep the low above 21.65 for one more day, I believe there will be a turn higher to the 25.50-26.00 range.
Agreed trading is risky and although I put the odds of a reversal at better than 50/50, the bottom could drop out in a heartbeat at any time.
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Original Message (# 42112) by tivonomo on 3/21/2013 2:02:44 PM | | |
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| Re: I appreciate the other folks talking about the TA
The trading range has dramatically narrowed.
My focus is on the close of 3/14 = 25.75 as an upside target. I expect this consolidation range to break one way or the other.
Volume has been remarkably light today. Everyone is on the sidelines waiting for someone to make their move.
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Tivonomo designs his posts very carefully so that, no matter what, he appears to be right.
Both of these posts are constructed to agree with Badboy's assessments that a PPS "bottom" was in
and disagree with my message of caution and that previous PPS history pointed towards more turbulence with
a good potential for further downdrafts.
However, if you look carefully, while you can watch him pandering to Badboy and all other Longs on this MB,
you can see that he leaves room for a "possible" downturn.
You will also notice that he writes absolutely nothing about what any possible downside targets would be
if the PPS should actually go down.
While you re at it, ask him why 21.65 was such a crucial level for him ans what TA concepts he was using to arrive
at that decision.
And today, let it be noted, Tivonomo states that he doesn't focus on "trends", he only focusses on "end results."
And just what the do you think those 2 messages above are all about.?