dry tinder and kerosene...
I smell
Started by
eminimee
, Mar 06 2008 12:27 PM
37 replies to this topic
#1
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 06 March 2008 - 12:27 PM
#2
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 06 March 2008 - 12:36 PM
I like that declining triangle pattern in the 5 min chart for the past 2 days, it either accelerates lower or breaks out of it higher, but the breadth and volume are certainly not helping, this is not the configuration for a bottom, just a bounce. (I want to establish another short position if it rallies over 1320 by 2-2:30pm, roughly to 1325 area, for a decline into the close, day trade)
Edited by arbman, 06 March 2008 - 12:46 PM.
#3
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 06 March 2008 - 12:46 PM
dry tinder and kerosene...
translation requested.
“be right and sit tight”
#4
TheArchitect
-
- TT Member+
- 1,659 posts
Member
Posted 06 March 2008 - 12:50 PM
dry tinder and kerosene...
translation requested.
just guessing here... but maybe all's needed is a little spark... and this old house's burning down...
#5
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 06 March 2008 - 12:53 PM
dry tinder and kerosene...
translation requested.
just guessing here... but maybe all's needed is a little spark... and this old house's burning down...
hmmm....i would think scorch - but who knows.
“be right and sit tight”
#6
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 06 March 2008 - 12:54 PM
dry tinder and kerosene...
translation requested.
just guessing here... but maybe all's needed is a little spark... and this old house's burning down...
just the opposite....a little spark is going to send this north...could come with one more low...on ES
Edited by Teaparty, 06 March 2008 - 12:55 PM.
#7
IndexTrader
-
- TT Patron+
- 7,694 posts
Member
Posted 06 March 2008 - 12:55 PM
Sure not evident in the A/D line.
IT
#8
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 06 March 2008 - 12:58 PM
All I smell is a fart in a skillet...
Price and Volume Forensics Specialist
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
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
#9
TheArchitect
-
- TT Member+
- 1,659 posts
Member
Posted 06 March 2008 - 01:01 PM
All I smell is a fart in a skillet...
oh... that was me... sorry...
#10
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 06 March 2008 - 01:05 PM
Tea,
Two things which precludes a strong bounce
1) Horrible A/D line
2) RUT has already broken the 3/4 lows. SPX should follow.
