37 replies to this topic

[Mr Dev]

we have a sell signal on the lower time frame (10m) but it is a trending type signal. in fact it has been trending up for most of the rally. since the SPX lows april 19th ish @ 1550 or +100 points ago we have had 3 of these short signals for some indices, and only 2 for others. the key is, like the past, if and when these signals reverse they became buy signals again, but until then they are sells. as of now everything but the NDX has triggered a sell signal ..but i suspect without a pop into the close the NDX will trigger too. best of luck

Edited by Mr Dev, 16 May 2013 - 02:38 PM.

[ogm]

More sell signals coming up. Selling into the last hour is definite pattern change. More cowbell !

Edited by ogm, 16 May 2013 - 02:41 PM.

[fib_1618]

we have a sell signal on the lower time frame (10m) but it is a trending type signal.

I've never seen such desperation in all the years I've been doing this.

Fib

[Mr Dev]

yup. i think the FEDs can hear market participants screaming foul.,..gtf out of the free markets. which is turning into an embarrassment or will after they destroy free market trading.

[Mr Dev]

well dick im not desperate

we have a sell signal on the lower time frame (10m) but it is a trending type signal.

I've never seen such desperation in all the years I've been doing this.

Fib

Edited by Mr Dev, 16 May 2013 - 02:46 PM.

[Mr Dev]

just sharing a signal... richard. i just moved into a short position a day ago nothing desperate with portfolio only 5% off the highs for the year and after this trade new highs again.

Edited by Mr Dev, 16 May 2013 - 02:51 PM.

[ogm]

yup.
i think the FEDs can hear market participants screaming foul.,..gtf out of the free markets. which is turning into an embarrassment or will after they
destroy free market trading.

WILLIAMS SAYS FED MAY REDUCE QE IN SUMMER, HALT BY YEAR END
WILLIAMS SAYS SLOWING QE WOULDN'T MEAN TIGHTENING IN POLICY

[ogm]

we have a sell signal on the lower time frame (10m) but it is a trending type signal.

I've never seen such desperation in all the years I've been doing this.

Fib

I don't think its desperation. I think people are looking for justice. When a scam unravels it gives people a good feeling. And this market is a scam. Even the Fed knows that.

I enjoy making money from selling short overbloated stocks with corrupt, slimy, incompetent management.

Fed has blown me the third bubble to sell short in the past 15 years. Its going to be beautiful.

Edited by ogm, 16 May 2013 - 03:04 PM.

[dasein]

cognitive dissonance makes everyone uncomfortable

[fib_1618]

WILLIAMS SAYS FED MAY REDUCE QE IN SUMMER, HALT BY YEAR END

Oh...I didn't know we had a new Fed chairman!

WILLIAMS SAYS SLOWING QE WOULDN'T MEAN TIGHTENING IN POLICY

Which means the spigot will remain wide open...so no changes in monetary policy??

Sigh...

well dick im not desperate

Freudian slip aside your looking for a sell signal on a 10 minute time frame, when the daily isn't even diverging yet, IS a sign of desperation.

Speaking of which, why haven't you discussed your "go to" indicator in the last several weeks anyway - the NASDAQ breadth McClellan Summation Index - since it turned up above the zero line??

I don't think its desperation. I think people are looking for justice.

So much for technically trading the market...yea...you'll get your revenge while watching others suffer.

The bear's mind set is often dubious if anything else.

Fib