U.F.O.
Fast Indicators Say Long
Started by
U.F.O.
, Jan 29 2007 10:32 PM
3 replies to this topic
#1
U.F.O.
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U.F.O.
Posted 29 January 2007 - 10:32 PM
DE/AD Q's (market breadth) already on a buy signal. The fastest standard price indicator I follow is Slow Stochastics and they're oversold in "buy" territory, as they were before the last two pops higher. Coupled with no Bollinger squeeze hinting a possible plunge here.....I smell beartrap. Long is the place to be, as am I. (2 charts)
U.F.O.
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~
#2
dcengr
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Posted 29 January 2007 - 10:47 PM
I know Adv-Dec is in great shape.. has been for past 2 days, for both NYSE and Nas.
But what if price doesn't agree? Will you respect price in the morning if it gets nasty on you tomorrow?
Qui custodiet ipsos custodes?
#3
U.F.O.
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U.F.O.
Posted 29 January 2007 - 10:50 PM
No. Because a bear trap has more than one tooth. Since I swing trade, one day's price action may have absolutely no effect on the IT trend, which I believe is higher still.
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~
#4
PorkLoin
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Posted 30 January 2007 - 08:49 AM
Hang on.... Not quite girded here yet.
