If you've followed my youtube video forecasts, you know that on April 1, 2010 i forecasted inflections for last week (wk of April 12th) and for this week (wk of April 19th). This means that last week ended an uptrend and this week should exhibit a lower high and lower low than last week.
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Since this week is also a forecasted inflection, it means that we have a profitable whipsaw on tap, so next week (wk of April 26th) should show a higher high and higher low than this current week of April 19th. In other words, assuming the forecast is accurate, you can enter long virtually anyplace this week and exit profitably sometime next week- but try and pick the lowest spot this week to maximize gains.
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This simple forecasting method comes from the FLIR2 eBook, available at orangequant.com . The video forecast made April 1 is at youtube.com/orangequant .
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