I'm in Buy dips mode

Instead of shorting pops. RF2 IT signal is turning up and I see we got a few weeks to go up.

Instead of shorting pops. RF2 IT signal is turning up and I see we got a few weeks to go up.

With the President now talking we just might get a dip in a couple of minutes. I - BOUGHT 500 SHARES OF TNA AT $16.79 yesterday.

Any thoughts on the Russell 2000? I know I'm early - but I'm not a day trader.....


Thanks for posting real-time.


Go figure - the market is up with the President talking must be some other news...

End of Feb & 1st part of March are seasonally strong. With the McClellan just making a very deep low, your position seem reasonable. And we have that Feb 17th gap above.

With the President now talking we just might get a dip in a couple of minutes. I - BOUGHT 500 SHARES OF TNA AT $16.79 yesterday.

Any thoughts on the Russell 2000? I know I'm early - but I'm not a day trader.....

You weren't addressing me, however, the IWM showed a 25% expansion in daily volume Wednesday as it broke Tuesday's low but not its high. I see this as pushing lower on accelerating/Quality of Volume. It's bearish.

With the President now talking we just might get a dip in a couple of minutes. I - BOUGHT 500 SHARES OF TNA AT $16.79 yesterday.

Any thoughts on the Russell 2000? I know I'm early - but I'm not a day trader.....

You weren't addressing me, however, the IWM showed a 25% expansion in daily volume Wednesday as it broke Tuesday's low but not its high. I see this as pushing lower on accelerating/Quality of Volume. It's bearish.

You may have noticed that SPX made a higher high and higher low yesterday after a 4% up day. I expect it to put a higher high and higher low again today. MAjority shorts not covered yet but they will be forced to cover soon.

Edited by redfoliage2, 26 February 2009 - 10:28 AM.

Instead of shorting pops. RF2 IT signal is turning up and I see we got a few weeks to go up.

With the President now talking we just might get a dip in a couple of minutes. I - BOUGHT 500 SHARES OF TNA AT $16.79 yesterday.

Any thoughts on the Russell 2000? I know I'm early - but I'm not a day trader.....


Thanks for posting real-time.


Go figure - the market is up with the President talking must be some other news...

I do'nt trade on news. Forget about CNBC, forget about home sales numbers which wont be good for years to come. Just focus on TAs.

Edited by redfoliage2, 26 February 2009 - 10:36 AM.

End of Feb & 1st part of March are seasonally strong.
With the McClellan just making a very deep low, your position seem reasonable.
And we have that Feb 17th gap above.

Thanks for the comments Bullish and Bearish....

Reduced my FAS by half during the gap up and still holding around 2000 shares and now holding 945 shares of TNA in my brokerage accounts. Still 50% long in my 401k's...., but my system has me 50% long and I follow the signals.


Take Care!

Instead of shorting pops. RF2 IT signal is turning up and I see we got a few weeks to go up.

With the President now talking we just might get a dip in a couple of minutes. I - BOUGHT 500 SHARES OF TNA AT $16.79 yesterday.

Any thoughts on the Russell 2000? I know I'm early - but I'm not a day trader.....


Thanks for posting real-time.


Go figure - the market is up with the President talking must be some other news...

I do'nt trade on news. Forget about CNBC, forget about home sales numbes which won"t be good for years to come. Focus on TAs.

I always have the mute on when I'm watching CNBC and agree about the media and the news.... Mostly rear window view of everything. However, I don't take positions on TA only, but I'm trying to understand it better since so many do....

If I used just TA I wouldn't have bought FAS @ 4.30 a share and not many buy signals on TNA.... However - for now, this BB trade seems to be working out, but I had already bought some of the shares prior to the recommendation... So I added some more TNA.


Thanks for your comments!

Edited by robo, 26 February 2009 - 10:49 AM.

CNBC is now worth watching again due to Rick Santelli.

red,

Instead of shorting pops. RF2 IT signal is turning up and I see we got a few weeks to go up.

Thanks for keeping us updated.

cheers,

john