then watch for a price rejection in the ES 1402-1404 area. We could tag this area sometime today. If a price rejection happens in that area, i am gonna short it without blinking.
If you area bear...
Started by
NAV
, Apr 25 2008 10:46 AM
17 replies to this topic
#2
A-ha
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Posted 25 April 2008 - 10:53 AM
then watch for a price rejection in the ES 1402-1404 area. We could tag this area sometime today. If a price rejection happens in that area, i am gonna short it without blinking.
I went long for a VST trade but I dont think we can even get close to that 1402-1404 area. I will be selling long before we get there. PC ratios and short interest too low to pop this sucker up there.
#3
denleo
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Posted 25 April 2008 - 10:56 AM
I expect this area (1400+) to be broken on the day of the FED announcement. Today I am busy with other things (neutral positioning). I wanted to short this morning, but missed it (if I did short it, I would have covered by now).
Denleo
#4
AChartist
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Tim
Posted 25 April 2008 - 10:58 AM
It's going to drift through it, tease, suck them in, then white stick them.
When we see bollinger put volume spike over 2.0 in the surge, may
be some sort of top.
When we see bollinger put volume spike over 2.0 in the surge, may
be some sort of top.
then watch for a price rejection in the ES 1402-1404 area. We could tag this area sometime today. If a price rejection happens in that area, i am gonna short it without blinking.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#5
NAV
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Posted 25 April 2008 - 11:04 AM
then watch for a price rejection in the ES 1402-1404 area. We could tag this area sometime today. If a price rejection happens in that area, i am gonna short it without blinking.
I went long for a VST trade but I dont think we can even get close to that 1402-1404 area. I will be selling long before we get there. PC ratios and short interest too low to pop this sucker up there.
1390-91 needs to be cleared for 1402-04. Price rejection at 1390-91 means the game is over. By price rejection, i mean a red hourly candle, just to be clear.
#6
OEXCHAOS
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Mark S. Young
Posted 25 April 2008 - 11:08 AM
I expect this area (1400+) to be broken on the day of the FED announcement. Today I am busy with other things (neutral positioning). I wanted to short this morning, but missed it (if I did short it, I would have covered by now).
Denleo
You and me both. And I'm way honked off. I should have just shut my eyes and hit the Sell button. Still, I think we get some real selling after this dip buying.
Mark
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#7
saltlake
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Posted 25 April 2008 - 11:10 AM
Im kind of looking at the same thing Nav. Another failure at the 1400 level is important and should cause a fast move down close to 1350.
#8
SemiBizz
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Posted 25 April 2008 - 11:12 AM
Just keep your eye on that oil price... remember what I forecasted a week ago? I said I expected this thing to finish off with a big spike in oil....
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
SemiBizz
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Posted 25 April 2008 - 11:19 AM
I"m looking for $122 now on Crude... let's see if the market can rally on that. If so, then we're back to the alternate cycle count with next turn expected 4/29 - 5/1.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#10
sikeveo
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Posted 25 April 2008 - 11:25 AM
With the 'next turn' I assume you mean down turn ?
