Bullish on the long term cycle - Price above 200day EMA. Just had a 20 day selloff. Good long entry if neutral and good hold if long. Same for Apple, Netflix, Google, and all the other big tech stocks.
www.scottaaronson.com/blog/?p=1820
Consider the market trend to be Eigenjesus, or at least the concurrence of several of his high eigenpriests. It serves not only as an objective determination of absolute morality in the market, but more importantly absolute profit. As such, if the price is above the 200day EMA, bullishness is virtue. In such a case, one can only be long or neutral - for to be short would not only be unprofitable, but more importantly immoral.
www.scottaaronson.com/blog/?p=1820
Consider the market trend to be Eigenjesus, or at least the concurrence of several of his high eigenpriests. It serves not only as an objective determination of absolute morality in the market, but more importantly absolute profit. As such, if the price is above the 200day EMA, bullishness is virtue. In such a case, one can only be long or neutral - for to be short would not only be unprofitable, but more importantly immoral.