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Need another up day before RSI2 sell signal triggers


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#1 dcengr

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Posted 08 March 2007 - 04:49 PM

Another gap up tomorrow would be a triple gap play. It would trigger a sell signal. FF sentiment is at a point where past huge bounces have occured. We're seeing some of that now. Sentiment is getting more bearish as prices increase amongst trader nation. Will know more how futures traders are positioned after tomorrow. Someone's going to go through 3 days of pain. Who will it be? Bulls or bears?
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#2 crestdorf

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Posted 08 March 2007 - 05:28 PM

Another gap up tomorrow would be a triple gap play. It would trigger a sell signal.

FF sentiment is at a point where past huge bounces have occured. We're seeing some of that now. Sentiment is getting more bearish as prices increase amongst trader nation.

Will know more how futures traders are positioned after tomorrow. Someone's going to go through 3 days of pain. Who will it be? Bulls or bears?

I would appreciate you telling me. Preferably before the NFP.

#3 S.I.M.O.N.

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Posted 08 March 2007 - 05:48 PM

Another gap up tomorrow would be a triple gap play. It would trigger a sell signal.

FF sentiment is at a point where past huge bounces have occured. We're seeing some of that now. Sentiment is getting more bearish as prices increase amongst trader nation.

Will know more how futures traders are positioned after tomorrow. Someone's going to go through 3 days of pain. Who will it be? Bulls or bears?

gap ups are priced in, i'm looking for a gap down.
*previously known as pnfwave

#4 mss

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Posted 08 March 2007 - 05:52 PM

Will know more how futures traders are positioned after tomorrow. Someone's going to go through 3 days of pain. Who will it be? Bulls or bears?


Hi 'dcenqr',
Think you are correct on the 3 days of pain.
I have Weekly Pivot @ 1408.33, Monthly @ 1421.66, Weekly Rest. @1435.79, Monthly @1446.68.
The first support is @ 1381.76, then 1359.71.
My point, we have broken first level of support but not first level of resistance. We are dancing around the Pivot point.
mss
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#5 eminimee

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Posted 08 March 2007 - 05:59 PM

pnf..that's what I'm thinking..gap down to 1407ish June contract ES...then hard up...."the" bottom not in though.

#6 da_cheif

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Posted 08 March 2007 - 08:14 PM

:the" bottom not in though." i have that LONELY feeling.....woh woooooh..........lol