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OMG, I have a buy signal on the IWM


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#1 Chilidawgz

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Posted 29 July 2011 - 10:31 AM

but I am afraid to take it.
VIX indicators I use are thumbs up, MACD variation on price I use is go, modified ADX I use is go, my TRINQ/NHNL's is a go...

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Edited by Chilidawgz, 29 July 2011 - 10:39 AM.

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 jdjimenez

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Posted 29 July 2011 - 10:45 AM

but I am afraid to take it.
VIX indicators I use are thumbs up, MACD variation on price I use is go, modified ADX I use is go, my TRINQ/NHNL's is a go...

Posted Image



I will join your team with an hourly close over 80.17 pivot point.

JDJ

#3 bln

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Posted 29 July 2011 - 10:52 AM

Have mean-reversion buys on a multitude of breadth indicators, including vix, vxn, nymo, cum nyud, etc. Will see market can stage a snap back or has to do some base first.

#4 Chilidawgz

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Posted 29 July 2011 - 10:53 AM

The NYA is showing the same signal
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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
 
 

#5 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

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Posted 29 July 2011 - 11:28 AM

64 dollar question is will we test the swing point on this chart?

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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
 
 

#6 slupert

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Posted 29 July 2011 - 02:16 PM

but I am afraid to take it.
VIX indicators I use are thumbs up, MACD variation on price I use is go, modified ADX I use is go, my TRINQ/NHNL's is a go...

Posted Image


I just bought the XLF and BAC, starting to see positive divergences in the banks, keep in mind this trade is still at the testing the waters point.