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Mr Dev
post Apr 3 2012, 01:39 PM
Post #1


Group: Traders-Talk User
Posts: 11507
Joined: 29-September 03
From: So Cal
Member No.: 148

i noticed yesterday the SOX tanked quickly but they saved the day right from the open.. today was not the case.
staying nimble means watching the short term signals here as the hourly sell signal gets triggered,.. but i still have my suspicions that they will not
make it this easy for anyone taking a short now going into the close. but we have to take each signal as it comes regardless because we've now seen a 3-2-1 diverging topping pattern form on the DOW & SPX with negative daily internals that will be breaking support tonight. so im not trying to out guess another trap just playing thru short on the hourly. if this lingers we will again attempt to trigger a weekly sell signal not seen in many weeks. we've come close a few times during mid weeks but they always pushed up enough by friday to make it positive or neutral depending on the index. i would think any gap up to erase half of todays losses would be a good exit of all longs and a ** good short for tomorrow. just dont marry any trade .
a look back at the charts shows only a couple of times since the 80s has the weekly signal run this long.

stay nimble wink.gif

This post has been edited by Mr Dev: Apr 3 2012, 01:44 PM


.. .. ..
Mr Dev is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
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post Apr 3 2012, 03:38 PM
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Group: TT Member+
Posts: 1032
Joined: 13-January 04
Member No.: 1041

Is like the market is on anti-depressants all the time. Eventually that will cause some kind of psychotic break.
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