U.F.O.
I mentioned the Bollinger "squeeze" last week. This is what it looks like when a "squeeze" releases.
DE/AD Q's "rocking"!
Ichimoku MT span cross higher in process.
MACD's on a "stroll" to higher turf.
Binaries locked to the top.
What If We Picked A
Started by
U.F.O.
, Feb 20 2007 09:51 PM
4 replies to this topic
#1
U.F.O.
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U.F.O.
Posted 20 February 2007 - 09:51 PM
Why pick one? Why not trade in the direction of the flow.....until it doesn't? What is the current direction of the market, ST/MT/LT? Not down.....that's for sure. Folks like to call themselves "smarter" than the crowd. How many times have we all tried to be "contrarians" and beat the tape? What usually happens? We get taped up and beaten! Until the direction of this market changes, it's up. If you want to bleed equity, play otherwise. (5 charts)
U.F.O.
I mentioned the Bollinger "squeeze" last week. This is what it looks like when a "squeeze" releases.
DE/AD Q's "rocking"!
Ichimoku MT span cross higher in process.
MACD's on a "stroll" to higher turf.
Binaries locked to the top.
U.F.O.
I mentioned the Bollinger "squeeze" last week. This is what it looks like when a "squeeze" releases.
DE/AD Q's "rocking"!
Ichimoku MT span cross higher in process.
MACD's on a "stroll" to higher turf.
Binaries locked to the top.
"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
U.F.O.
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U.F.O.
Posted 20 February 2007 - 11:02 PM
bobalou, all that bullish talk said, here's your favorite indicator of all time...VHF (Vertical Horizontal Filter). Otherwise known as a wonderful "strength of trend" indicator. Frankly, it sucks! It's indicating this rally is rapidly in need of a fix. As much as I'm sticking with the trend here, I don't like the momentum readings I'm getting on several indicators, this being the most important. Negative divergences are a part and parcel of any move, up or down. I'm ignoring this one until price starts to follow suit. Best. (1 chart)
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~
#3
bobalou
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Posted 21 February 2007 - 07:55 PM
THX U F O ,all I can say, this market is still up ,
sellers are out to lunch,
,BUT it looks bad to me,( VOL.)
So,, stay w/ the trin lines.,up,
now that I'm a chicken ,I'm day trading, and doing good.long and short at the same time ????
the way I look at the vhf a change is coming.....
and how long is this wedge any way ?
by the way ,what time zone are you in,you post so late,or is it after the kids go to bed as a good dad should
now what,I just went short,bought the QID at the low of the day.??
I have more time to play.
#4
U.F.O.
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U.F.O.
Posted 21 February 2007 - 09:14 PM
I live in Memphis, Tn. Central time zone. I don't usually get on the computer until after dinner and visiting with my lovely wife for a few hours. :-)
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
Vector
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Posted 21 February 2007 - 09:51 PM
I'm already gittin ready to pick the next bottom! 
