Edited by Mr Dev, 27 March 2007 - 09:41 AM.
Anyone else getting a SELL SIGNAL ?
#1
Posted 27 March 2007 - 09:36 AM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#2
Posted 27 March 2007 - 09:42 AM
#3
Posted 27 March 2007 - 09:44 AM
The Bounce yesterday was a second chance to short this coming Monster ...
Hank
hehe just checking.
Only thing that worries me about the timing is, bad CC #s are usually a fade.
add to that usually when previous Dyn OTC RYDEX money has supported the market the day before.. results usually end in a recovery by next day.
So expecting a little whipping action for traders.
Wondering If the Rut and other indices achieved a bearish Gartley. Anyone know?
tia
#4
Posted 27 March 2007 - 09:47 AM
Anyone else getting a SELL SIGNAL ?
Not yet, unless it deteriorates further south of 50 dma on the select indices. I think this is the low before the EOQ mark up. I think it has about 5-10 sessions or so to start the second significant leg lower, assuming the leadership and the internals momentum will not significantly change over the next 5 sessions. Any one day price surge with this kind of leadership and internals should mark a good top. I don't think we have seen that kind of exhaustion and given the momentum from the lows, it is not too out of ordinary to expect a secondary surge, imho...
- kisa
#5
Posted 27 March 2007 - 09:52 AM
Edited by selecto, 27 March 2007 - 09:58 AM.
#6
Posted 27 March 2007 - 09:55 AM
It's the illiquidity, stupid !
#7
Posted 27 March 2007 - 09:59 AM
Edited by kisacik, 27 March 2007 - 10:07 AM.
#8
Posted 27 March 2007 - 10:28 AM
#9
Posted 27 March 2007 - 10:35 AM
#10
Posted 27 March 2007 - 10:43 AM
hehe just checking.
Only thing that worries me about the timing is, bad CC #s are usually a fade.
add to that usually when previous Dyn OTC RYDEX money has supported the market the day before.. results usually end in a recovery by next day.
So expecting a little whipping action for traders.
Wondering If the Rut and other indices achieved a bearish Gartley. Anyone know?
tia
I am tracking the R3000 for volume indicators. It is within the bounds of past news driven selling. I do think we will test the 830, yesterdays lows, but the indications are that the market will recover today. In the longer run I think Hank is on to something. Each volume thrust is a test of how resilent the market is: the recovery volume is faltering more each time. One of these breaks is likely to take on trending characteristics. Then watch the sell program dump. Neutral for now, ready to short. Islander.