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Notes for December 30, 2011
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Here are the last clusters for 2011. All multi-pivots will be changed next week and should provide more clarity for intermediate term trading purposes.
I will comment the new levels and answer yesterday’s questions before Tuesday’s opening.
All the shakeouts we’ve seen in both robots were facilitated by the very low volume and the absence of large players strategic commitments at this time of year. Our models are optimized for large players’ historical normal positioning and trading activity, not for short term window-dressing HFT activity in low amateurish volume. This joke will end soon and serious business will start again next week. Be ready and in great shape!
Billy
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trend following and wet ware
[URL="http://hometraderuk.blogspot.com/2011/12/recency-bias-can-distort-our-decision.html"]good to keep in mind the mind set necessary to trend trade[/URL]
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GDX also at long term horizontal support/resistance
The price at which GDX trades today accords with long term horizontal support/resistance line. This will be resolved down or up. It will be interesting to see where the robot takes us when the heavy hitters are back from vacation.
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