Love it when a plan comes together..

I actually got long at 1402...I've taken half off now average price 1412...stop up to 1406



<A href="http://www.traders-t...p?showuser=99">Teaparty Today, 06:43 AM

Post #11

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Group: TT Member+
Posts: 10869
Joined: 20-September 03
Member No.: 99



Bull market, Bear market.............who cares? Does it really matter who's fur is flying? Just don't wear any particular suit...jeans and a T shirt are just fine. Stopped out of the balance of ES long at 1410....back flat futures.
EDIT: But I want to try another long at 1401.50

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=11&dy=13&i=p67438705956&a=79053340&r=6498.png

This post has been edited by Teaparty: Today, 06:46 AM

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846 OEX or bust.

I actually got long at 1402...I've taken half off now average price 1412...stop up to 1406



<A href="http://www.traders-t...p?showuser=99">Teaparty Today, 06:43 AM

Post #11

Member


Group: TT Member+
Posts: 10869
Joined: 20-September 03
Member No.: 99



Bull market, Bear market.............who cares? Does it really matter who's fur is flying? Just don't wear any particular suit...jeans and a T shirt are just fine. Stopped out of the balance of ES long at 1410....back flat futures.
EDIT: But I want to try another long at 1401.50

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=11&dy=13&i=p67438705956&a=79053340&r=6498.png

This post has been edited by Teaparty: Today, 06:46 AM

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846 OEX or bust.

Teaparty:

Arent you concerned with double tops and H&S showing on indices?

I don't see either.... stop snuggled up to 1408 now.....another 25% off at 1515. No more updates...I kick myself everytime I do this.

Edited by Teaparty, 10 January 2008 - 10:43 AM.

Just posted this elsewhere.

It's funny how the intraday death drop yesterday changed the numbers. I just updated my spreadsheets after thinking "no way" on signals. Wrong. As of the close yesterday I have buy signals on the QQQ, NDX, Nasdaq, SPX, DOW, OEX, SOX, RUT, SMH, NYSE, SPY, and BKX. The signal line on the NDX, QQQ, and RUT is at a very low level and needs to pull up. It will even with weakness today. The signal line on the SMH is barely above my defined exhaustion level so that can be considered very weak. The signal line on the SOX has crossed positive but both signal lines are still in the exhaustion level. I don't think I have ever seen that. It certainly indicates weakness there and would no doubt need a couple of days to pull up to comfortable levels. Bottom line is that I have the signals but none of them are yet at what I define as "in the clear levels" so further struggle here is not a surprise to me. Just to see how it would work I just punched in some SPX numbers. If the open and high prices hold, we drop to 1380 and close at what is right now the day low of 1395.47 the signal line would still strengthen.

Wild eyed guess (s) I'd have to lean with the red WEG....if a triangle did form there..

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=5&i=p45987172718&a=119816771&r=6234.png

Edited by Teaparty, 10 January 2008 - 11:31 AM.