23 replies to this topic

[da_cheif]

you will notice that the 10 day clx has rolled over after the dow ran into its 50 day ma....as we indicated on this board last week we expected a reaction off that MA......the 10 day clx is now in a declining mode and according to the offsets is vulnerable till apr 9 which is the week before the april expiration,apr20.....which if you hadnt noticed is a bradley turn date.....i would be less than surprised to see the market be under pressure till the 9th before the boys take it up for the april expiration........the march april may period has historicaly offered up bargains and has been coincident many times with a huge improvement in sentiment figures......we may see a split market in the meantime as the naz appears to be in a 2nd wave pullback... max risk on the dow appears to be its rising 200 day ma near 11900 as some astute market students on this board have observed.....tending to confirm this idea would be a close by the dow below todays low of 125257 which unfortunately was slighty below the prior 38.2 resistance which is now implied support...that 38.2 resistance was 12266.....on the flip side the jun spooz did close above the 50% support resistance line and with wed gap leaves open a surprise upside blast....there are 2 gapsabove themarket up to the 88.7retrace which is 1466.02amazingly the gap fills at 1465.80....the short term headache is the gap at 1399.......i saw cramer on cnbc this morning during the opening decline.......and he unfortunately was sanguine about wed action..as are a number of market observer on this board appear to be bottom fishing.....its never easy is it.......

[Chilidawgz]

Cheif...is that really you? I understood what you said without having to guess at your meaning

[Jnavin]

I'm stunned.

[da_cheif]

clx student joanne on WW...supplied these charts and commentary
http://homepage.mac....2231/328off.gif
Thank you for those specifics....I've been again reminded to 'look'.....not 'think'......g! : )

All this time I've merely been looking at the 'direction' of the offsets....but not in relation to the CLX MA's themselves. Now I think I 'see it' as you do and it thus makes offets a much better 'sensor'.

In my computer charts...Excel also computes the CLX MA's forward as if 'unchanged' and I think it also contributes a bit to the picture.

[A-ha]

After what he was through on Feb 27, looks like he started eating it with a cup of cold water....Market works in mysterious ways doesnt it ... "There are old traders and there are bold traders, but there are only a few old and bold traders"... said some legend some years ago .

Edited by xD&Cox, 28 March 2007 - 08:34 PM.

[spielchekr]

..as are a number of market observer on this board appear to be bottom fishing.....its never easy is it.......

Ever bottom fish for bulls?

[da_cheif]

After what he was through on Feb 27, looks like he started eating it with a cup of cold water....Market works in mysterious ways doesnt it ...
"There are old traders and there are bold traders, but there are only a few old and bold traders"... said some legend some years ago .

what were you eating after this one

Oct 8 2006, 05:13 PM Post #6


Member


Group: Traders-Talk User
Posts: 4501
Joined: 9-January 04
Member No.: 914



Just because I have been shorting , number of the hate emails I received from M6 club skyrocketed in the last few days... The very same people that did the very same thing at the IT bottom when I was buying.

This is a sentiment indicator that no one can produce or measure by pools. And it has been working like a clock for years.

Mother of all tops is near...

[golden]

Don

Sounds like your old voice is back.


I should know, I was a subscriber back in the day.

Saved me a bundle in the fall of '87.


http://homepage.mac....42231/DW87.html


Greatly appreciated

Tony

Edited by golden, 28 March 2007 - 09:01 PM.

[da_cheif]

Don

Sounds like your old voice is back.


I should know, I was a subscriber back in the day.

Saved me a bundle in the fall of '87.


http://homepage.mac....42231/DW87.html


Greatly appreciated

Tony

SNORT

[A-ha]

After what he was through on Feb 27, looks like he started eating it with a cup of cold water....Market works in mysterious ways doesnt it ...
"There are old traders and there are bold traders, but there are only a few old and bold traders"... said some legend some years ago .

what were you eating after this one

Oct 8 2006, 05:13 PM Post #6


Member


Group: Traders-Talk User
Posts: 4501
Joined: 9-January 04
Member No.: 914



Just because I have been shorting , number of the hate emails I received from M6 club skyrocketed in the last few days... The very same people that did the very same thing at the IT bottom when I was buying.

This is a sentiment indicator that no one can produce or measure by pools. And it has been working like a clock for years.

Mother of all tops is near...

That is right, see my signature how I traded them ....

Isnt it amazing you finally got cautious after Equity P/C skyrocketed tonight... Maybe I will lighten up tomorrow ...

BTW most of those short positions I opened around the time I made that post was closed with %10 to %50 profits near the recent bottom. All posted here realtime ...

Edited by xD&Cox, 28 March 2007 - 09:20 PM.