Rally on Monday
#1
Posted 23 February 2007 - 03:52 PM
#2
Posted 23 February 2007 - 04:25 PM
#3
Posted 23 February 2007 - 04:26 PM
#4
Posted 23 February 2007 - 04:49 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 23 February 2007 - 04:54 PM
#6
Posted 23 February 2007 - 06:30 PM
#7
Posted 23 February 2007 - 08:18 PM
I believe we are going to be in the position of a short covering rally....
It actually depends who's been selling short this week...
#8
Posted 23 February 2007 - 10:09 PM
Hank
I think it is about time everyone realized that morning selling or down gaps don't produce desired results for bears. So, Monday we should have a good rally. Dow will lead. I bought S&P for a trade at 1454.50 (futures). It may not go too far, but one good up day is right ahead of us.
Denleo
#9
Posted 24 February 2007 - 03:11 AM
I think it is about time everyone realized that morning selling or down gaps don't produce desired
results for bears. So, Monday we should have a good rally. Dow will lead.
Like some I also thought we would see some testing for a move to
the lows at the open however, I'm now starting to
re - think what I'll call the ultimate move to
catch traders off guard and get them excited enough to jump in. That would be a gap higher !
This would be perfect because we would see the CPC come down and reset, then if the Gap is to Crap, we
should see the CPC return back up above its climbing MA as it pushes it into a bearish momentum phase on the
chart. It seems likely because it is so close but I must admit it is awful soon. For those following a CPC chart
with a 21 MA and Bolli once the MA moves up above the upper Bolli,.... momentum kicks in.
Which would be followed by another down draft in prices. Again this focus is on the NDX and hopefully the
RUT will follow as I'm short both at Thursday's close.
We shall see soon.
Edited by Mr Dev, 24 February 2007 - 03:13 AM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#10
Posted 26 February 2007 - 01:27 PM
The high CPC under current conditions was bearish, however it did produce the Gap UP for those unsuspecting
neophytes. I'm sure there was plenty of excitement among the bullish types with FUTs so high before the
markets opened. I'm also pretty confident that some bullish type traders waited for the Gap to fill and bought
in. Meanwhile the CPC DID "reset" lower and it was then all down hill for the markets from there.
Now with the NDX and RUT DOWN -1.05 % near the Lows of Day we will likely see a sideways to up move.
However, this must be played with a bit more caution that most recent end of day trades esp if one is holding
over night. A likely scenario at this point is another GAP but to the downside and then, possibly a trade for a
bounce into the end of day. If such scenario is to come to play one would be wise to take any Long profits
quickly and reshort. Playing this way can produce an extra 2-3 percent for the Dynamic fund players but...
sometimes when we are this early in the move the timing for the gains may NOT equate to your trade time
available thru RYDEX.
At this time I'm undecided whether I will sit for the next two -three weeks or try to time an extra opportunity.
Best to all who play the game.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!