Sell Strength update
Started by
OEXCHAOS
, Jan 29 2009 09:49 AM
5 replies to this topic
#1
Posted 29 January 2009 - 09:49 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 29 January 2009 - 09:57 AM
. . . but the financials had a huge up day! That's, like, never happened in this bear market before!
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#4
Posted 29 January 2009 - 10:08 AM
that's all I've been doing. The daily chart of the compQ looks like its going to have a SSTO "failure" line, as the 60 min flips to a sell. Big gap to fill up, eh?
mm
#5
Posted 29 January 2009 - 10:12 AM
just put up a chart on my blog
mm
#6
Posted 29 January 2009 - 10:46 AM
Under my theory of the markets to try and mislead most players who try and play the game,...this would need to give a false break out to the upside before failing.
So knowing that I exited longs yesterday and now preparing to buy for the next multi-day up move before exiting again and taking profits/ before reassessing the indicators and a possible quick trip back down to these levels.
Hey anyone want to higher me as a market Technician for under 200k a year? :bowrie:
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