7 replies to this topic

[SemiBizz]

Go Long?

[ogm]

Go Long?

There is not a single technical or fundamental or sentiment reason to go long.

If they won't break it today they'll break it tomorrow.

[atlasshrugged]

Go Long?

There is not a single technical or fundamental or sentiment reason to go long.

If they won't break it today they'll break it tomorrow.

i tend to agree with ogm...even though i am long right here i am only looking to scalp

the oex guys are really leaning bearish today....it doesnt often pay to go against them

[eminimee]

Go Long?

There is not a single technical or fundamental or sentiment reason to go long.

If they won't break it today they'll break it tomorrow.

There may not be in your books to be long...but I see reasons not to be short at least right here unless you don't mind 20/30 or more point drawdowns from here...

[hiker]

There may not be in your books to be long...but I see reasons not to be short at least right here unless you don't mind 20/30 or more point drawdowns from here... [/quote] --------- 34 vs 89 ema cross under on the NDX 60 min, while it is now testing the .382 retrace of the 2057 to 1760 decline...you do not expect that ema configuration to hold? price remains barely above the 200-period sma (1878.87) on the NDX 60 min.

Edited by hiker, 26 August 2008 - 02:22 PM.

[SemiBizz]

3 min Candle Trend turns up on SPX....

[eminimee]

34 vs 89 ema cross under on the NDX 60 min, while it is now testing the .382 retrace of the 2057 to 1760 decline...you do not expect that ema configuration to hold? price remains barely above the 200-period sma (1878.87) on the NDX 60 min. We'd have to close below 1875 for me to have doubts about a good bounce here.

[hiker]

thanks, Tea.