4 replies to this topic

[A-ha]

Like I said on the blog yesterday, I expect slow upward bias for the next few days.
that reversal is a valid reversal even it is retraced %100. That is one corner stone you have there but the real big one was the fakeout NDX put on the weekly charts before SPX's Slamma Jamma reversal.

In other words, NDX reversal occurred on Jan 16, SPX Jan 25.

NDX always leads.

Now expect a lower high on SPX, that is a safe short in my opinion one should lean hard

Today was day one of the slow upward drift.

here is the link to the post from yesterday

http://xtrends.blogs...or-big-one.html

as the topic implies clearly, I am gonna short the life out of this one... probably at the end of the week or next week... spoos that is.



I have some numbers in mind but they are not mature yet

Edited by xD&Cox, 30 January 2007 - 04:24 PM.

[hiker]

you take your SNDK short position yet or are you waiting still? CC is at 5 ....charge for FLSH acquisition makes the loss... I have already posted at the SW board that I booked long profits tonight.

Edited by hiker, 30 January 2007 - 04:28 PM.

[A-ha]

At the moment, it adds significant risk to the portfolio which is pretty much balanced with the shorts that crashed since september and the others that went up. So I wont take it. Also I entered OIH short today again.

Edited by xD&Cox, 30 January 2007 - 04:34 PM.

[hiker]

thanks...understand.

[Frac_Man]

this is what I am looking for ........................

Hank

Like I said on the blog yesterday, I expect slow upward bias for the next few days.
that reversal is a valid reversal even it is retraced %100. That is one corner stone you have there but the real big one was the fakeout NDX put on the weekly charts before SPX's Slamma Jamma reversal.

In other words, NDX reversal occurred on Jan 16, SPX Jan 25.

NDX always leads.

Now expect a lower high on SPX, that is a safe short in my opinion one should lean hard

Today was day one of the slow upward drift.

here is the link to the post from yesterday

http://xtrends.blogs...or-big-one.html

as the topic implies clearly, I am gonna short the life out of this one... probably at the end of the week or next week... spoos that is.



I have some numbers in mind but they are not mature yet