5 replies to this topic

[Mr Dev]

yes however ..

as i said at the end of the sell signal below. .

VST SELL Signal

i wouldnt take the BUY SIGNAL yet under these conditions...as we could still close with a low spike on the day..

so one could wait for the next sell signal ...if there is one ...after the Buy signal runs its course....

or do so only in moderation with 30-50% allocation.

Edited by Mr Dev, 06 May 2014 - 02:23 PM.

[Mr Dev]

id recommend a stop at the 3:15/ 3:16 chart time signal change ... or your entry whichever is higher as we know this is a key time for short covering and there is a lot of resistance above plus who know what longs got in earlier today ...and still need to exit.

Edited by Mr Dev, 06 May 2014 - 02:27 PM.

[Mr Dev]

at this time the markets are testing the Signal change area. . so if you are bullish this is a top line kiss ...for the next move higher...and if you are bearish ... youre waiting for a break down here and or a signal change at higher levels to re short.

Edited by Mr Dev, 06 May 2014 - 02:30 PM.

[Mr Dev]

Top Kiss is still working as prices start to head back up from the Buy signal Support area. NOTE... this buy signal was necessary to work off / correct the positive divergence we saw in most indexes and....the recent negative divergence that had developed on the VIX. knowing that we need to be careful on this down trend day as price is now retesting the Signal Support Line.

Edited by Mr Dev, 06 May 2014 - 02:43 PM.

[Mr Dev]

, if a long trade is stopped out on this one...do not re enter long. sit on hands if needed,. internals are weak and i may end this one soon.

Edited by Mr Dev, 06 May 2014 - 02:45 PM.

[Mr Dev]

Calling It DONE. OVER ...sorry it didnt produce. . not all do . there is actually another SELL SIGNAL being generated ...but trading inside the last 15 min window before the markets close..on a new signal is not advisable. so have a great evening.. congrats to those that were bearish today...and did well with the earlier sell signal .. ... you get to take home the flag. tomorrows another day. ! thanks for listening

Edited by Mr Dev, 06 May 2014 - 02:49 PM.