1 reply to this topic

[hiker]

I am daytrading and swing trading index futures and equities these days... I see very little upside in names that hold...and am trading many many names... folks are booking long profits quickly...take NYX for example after the bounce off 78-82 horizontal support..bad example but it one that comes to mind..advance reversed so far near the 5 day sma the best intraday % profits on the long side are in names few talk about or hear about just covered new GLD short on that quick spike toward 63.30..stop running or is there more downside...see declining tops t/l off the July high that terminates near 63.30 GLD first sustained ?? move below the 50day ema in weeks...this may not be pretty from here..t/l on daily terminates near 62.50..many other t/lines 200 day sma is 61.95 or so

Edited by hiker, 02 March 2007 - 12:39 PM.

[hiker]

GLD 20 week sma is about 63\ d/t line on weekly terminates below the 200 day sma, and just above the 50 week ema

Edited by hiker, 02 March 2007 - 12:41 PM.