Hubert Senters here.
Let’s take a look at Amazon. It’s almost a buy. Now, I’m not saying this is happening. But this is what happened in the past so usually when Amazon goes below the cloud and gets back above it it tends to run pretty good. From the last one it’s been a while. Let’s just call it $2,057.
And it went to to a peak of $3,533. I’m not going to say that it’s going to do the exact same situation because it’s not going to.
But it potentially can. So when you’re looking at this stuff what you’re looking for is a nice little sell off which we’ve had and you want it to be above the cloud one, two or three days. One in my opinion. One day is an aggressive move. Two days is more moderate and three is more conservative in nature.
Good thing is you got the lagging line pushing higher as the price action went into the cloud. It did not get in there. And it did not close below it so it’s a good sign. So today it did not close above the cloud. I’m just trying bring your attention to it and Amazon is almost a daily buy signal on the cloud if you’re aggressive with the one day above close above the cloud.
If you’re a little bit more conservative wait for two or three.
Mark Helweg is going to be doing a special webinar on How to Potentially Predict Big Swings in the Market Using Nature’s Own ”Golden Ratio” It is at the 23rd which is tomorrow which should be Wednesday if today is Tuesday and I think it is so click CLAIM YOUR SPOT NOW to register for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
