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RSI 2 buy signal on Qs


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#1 Rogerdodger

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Posted 22 December 2006 - 02:53 PM

Looks like it might get a little support near 43
http://stockcharts.c...9909&r=7742.png

#2 IndexTrader

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Posted 22 December 2006 - 02:58 PM

Are you buying on this Roger? And if so, where are you carrying your stop? IT

#3 traderpaul

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Posted 22 December 2006 - 03:13 PM

Roger, The Qs are below the 50 dma.....She was above that ma since mid Aug....Now she is below that for the first time in four months.....If you are bullish then buying the dip makes sense.....But if you are bearish then the character of this market has changed....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#4 selecto

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Posted 22 December 2006 - 03:19 PM

Sir, please step away from the egg nog. [attachment=5116:attachment]

#5 jawndissedi

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Posted 22 December 2006 - 05:27 PM

Never a good idea to ascribe too much significance to a low-volume move made on a day when many players are absent. As I watched it rally towards the beginning of the afternoon, I found myself believing that most of the day's losses could easily be reversed. Then came the last ten minutes, and the manipulation going on in the preceding few hours minutes was revealed. Not my idea of a bullish omen for the week ahead.
Da nile is more than a river in Egypt.

#6 greenie

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Posted 22 December 2006 - 05:42 PM

Hmmm.......everyone rejects the idea of a small bounce. Unanimity is dangerous.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#7 selecto

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Posted 22 December 2006 - 06:16 PM

Depends on your window, what kind of and how many bounces you get. If you are crunching off the daily, long in here is a low prob trade, as it also is off the weekly.

#8 Rogerdodger

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Posted 22 December 2006 - 07:01 PM

Are you buying on this Roger? And if so, where are you carrying your stop?


Not buying but looking for a short entry.
That alone means it's a good buy signal. :lol:





July 10th looked similar and got a one day rally.

#9 greenie

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Posted 22 December 2006 - 07:30 PM

Are you buying on this Roger? And if so, where are you carrying your stop?


Not buying but looking for a short entry.
That alone means it's a good buy signal. :lol:


In the same boat Roger - looking for a good entry to short (more).

To me, it means market will not give us a chance and walk straight down :)
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !