Every move "requires" corrections. This one, so far, is manageable. Time will tell, soon, if a sell signal is on the front burner. (1 chart)
U.F.O.
Too Much More...The Door
Started by
U.F.O.
, Jan 17 2007 09:15 PM
5 replies to this topic
#1
Posted 17 January 2007 - 09:15 PM
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#2
Posted 17 January 2007 - 09:46 PM
As a swing trader I follow fairly slow buy/sell signals, in order to catch 2-3 week moves and avoid whipsaws. The fastest indicator I follow is daily Slow Stochastics (14-3-3). It's also the only indicator in my bag that has generated a sell signal on this 2 day downmove. This, in essence, is my "raise the antennae" signal. Don't act, but watch closely. Other, longer term, indicators will follow shortly if an IT move is afoot. (1 chart)
U.F.O.
U.F.O.
Edited by U.F.O., 17 January 2007 - 09:47 PM.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#3
Posted 17 January 2007 - 10:43 PM
Nasdq clocked a distribution day today. And the dow seems to be hitting a wall at 12600. Maybe a pullback here, but to me the evidence only says to be alert. I will be watching, but not doing anything yet. Quite a bit more weakness needed to get a sell.
Charles
#4
Posted 17 January 2007 - 10:50 PM
10/4 Charles. I've got a lot of negative divergences all over the board. My gut says beartrap right here, but I'm not betting until the smoke clears. Best.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#5
Posted 18 January 2007 - 05:44 AM
IF FRI. is up, I'll look to short. an option exp. thing,,up = down..
I'm very happy to see you posting........
#6
Posted 18 January 2007 - 10:10 PM
Thx. bobalou. I missed you too. Best.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~