Edited by Chilidawgz, 22 July 2011 - 01:42 PM.
hmmm, ADX
Started by
Chilidawgz
, Jul 22 2011 01:38 PM
4 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 22 July 2011 - 01:38 PM
A modified ADX I use has just given a sell on the SPY, my other indicators are not signaling a sell yet ( they are edging closer though). 60 minute chart is looking toppy.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
MarketAlly
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Posted 22 July 2011 - 01:45 PM
A modified ADX I use has just given a sell on the SPY, my other indicators are not signaling a sell yet ( they are edging closer though). 60 minute chart is looking toppy.
I am looking for a small end of day rally - looking for the Nasdaq to be somewhere in between (NQ) 2432-2446. Will consider a short into the weekend then with QID.
Otherwise, I hold what I have.
Edited by MarketAlly, 22 July 2011 - 01:46 PM.
The system wasn't designed so that most people could beat it.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#3
arbman
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Quant
Posted 22 July 2011 - 01:49 PM
Nasdaq is rallying with a very narrow A/D breadth, it seems like they are pushing the large caps higher only again. It could be a speculative top, semis are also bouncing well here...
#4
slupert
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Posted 22 July 2011 - 02:50 PM
Nasdaq is rallying with a very narrow A/D breadth, it seems like they are pushing the large caps higher only again. It could be a speculative top, semis are also bouncing well here...
I just went short, the indicators I use do not confirm sustainability, a pullback. albeit maybe just a quick pullback, is in order. (JMHO)
#5
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 22 July 2011 - 02:54 PM
A modified ADX I use has just given a sell on the SPY, my other indicators are not signaling a sell yet ( they are edging closer though). 60 minute chart is looking toppy.
My TRIN and TRINQ are entering OB.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
