8 replies to this topic

[iloli way]

QUOTE (Ground Currents @ Feb 1 2010, 10:24 AM) *
1089.90 is th 50% of Nov lows to recent tops. Also as the breakout point of downtrend channel +3, where I will exit all my shorts.

Stopped out. and re-short all in 1091. Stop set at today's high.

[iloli way]

Here is why: bounce is weak, couldn't get over the new local down channel, so could be a fake out of the larger down channel. Therefore, it's worth to keep the old shorts, until price breaks the local down channel, the trend is still down. If the local down channel did get break out, up there next resistance is the RED down trend line. Again, watch closely there, when price reaches there and gets rejected that will be another sign for a new sell signal. When price gets over the RED line then a new buy signal will be issued. I have sat stop at +2, 1093. Take me out then I'll see you around 1100 where the RED line lurking down. My chart shows all the ins and outs, unless you are an IRS (I already know he is an URS), don't bother asking to show you my profits, esp. where you come from there's no taxes...LOL! Most of you due to the old school need a number for par, that's because you think in horizontal lines, not angular lines as in LOL system. Also, LOL is based on visual charting, seeing price movin interactively with those lines, rather than a hard stiff number. I don't have time to elaborate more, lets see over time results and you'll know more what I am saying. [attachment=14922:LOL_02062010.GIF]

[iloli way]

Stopped out for 2pt. Counting the blessing all the way down. See you at RED line! No new buy yet. Stay flat in cash.

Edited by Ground Currents, 02 February 2010 - 10:32 AM.

[leverage4]

Stopped out for 2pt. Counting the blessing all the way down. See you at RED line!

No new buy yet. Stay flat in cash.

Thanks for the real time updates. Always enjoy your work and unique approach.

Lev

[iloli way]

Stopped out for 2pt. Counting the blessing all the way down. See you at RED line!

No new buy yet. Stay flat in cash.

Thanks for the real time updates. Always enjoy your work and unique approach.

Lev

"Unique" is parallel to Copernicus and Galileo? I think so, why most don't have stomach for it. I seek no fame, just fortune; unlike most great artists in the past.

We are awfully close to the answer from RED line.

[attachment=14925:LOL_02062010_1.GIF]

[iloli way]

We close above 1104.50, that's a new buy. We close under RED line that's a new sell. Close in btwn 1104.50 and RED line? see at least tomorrow's price actions - could be hourly, 10min,....just watch the lines. Stop is 3~5 points above/below the line trailing, depends on your pocket size and your take, as denoted in my signature. Read my big chart with the underlining NOTE at bottom of chart in mind, always. Good Luck!

[iloli way]

Close in btwn 1104.50 and RED line? see at least tomorrow's price actions - could be hourly, 10min,....just watch the lines.

1103.32, in btwn that is.

[momac]

Thanks for your posts, I've been keeping track of them. Any updates? Thanks

[iloli way]

Thanks for your posts, I've been keeping track of them. Any updates? Thanks

Yes, welcome. LINK