spx new high!!!
Started by
beardown
, Apr 16 2007 08:47 AM
4 replies to this topic
#2
relax
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Posted 16 April 2007 - 08:52 AM
da boyz are reading a good CPI report ;-)
#3
Long/Short Funds
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Posted 16 April 2007 - 09:10 AM
It's always great when they include enough exclusions 
Just an "Old Retired Fart" trying to keep my IRA invested with the market direction.
#4
bigtrader
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Posted 16 April 2007 - 09:15 AM
Betcha' the bears won't buy the next dip either.
No longer interested in debating with IGNORANT people.
#5
Iblayz
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Posted 16 April 2007 - 09:17 AM
Another peon's (mine) opinion posted eslewhere...
Short term signal update. As of Friday's close there were no positive signal line crosses. However, the Nasdaq, SPX, OEX, RUT and NYA all could easily cross today. In fact, I plugged in a couple of intraday numbers (as though they were as of the close) and the crosses have occurred. When I started this I labeled such crosses as bullish....i.e., the cross occurs at a price above where the prior sell signal was generated. I have updated my views from experience. These crosses are occurring at overbought short term levels and, in fact, most of the above indices are nearing exhaustion range. In my opinion, and according to my own work, upside from here is limited. I am not long, but if I were I would be scaling out of long positions right now. I instead added to QID positions below 51 this morning. If I am wrong then so be it. I am a big boy and, so far, am having a great year in the market. And remember, I am not your investment advisor nor do I wish to be. These are my opinions only and are based solely on my own work. Trade at your won risk.
Short term signal update. As of Friday's close there were no positive signal line crosses. However, the Nasdaq, SPX, OEX, RUT and NYA all could easily cross today. In fact, I plugged in a couple of intraday numbers (as though they were as of the close) and the crosses have occurred. When I started this I labeled such crosses as bullish....i.e., the cross occurs at a price above where the prior sell signal was generated. I have updated my views from experience. These crosses are occurring at overbought short term levels and, in fact, most of the above indices are nearing exhaustion range. In my opinion, and according to my own work, upside from here is limited. I am not long, but if I were I would be scaling out of long positions right now. I instead added to QID positions below 51 this morning. If I am wrong then so be it. I am a big boy and, so far, am having a great year in the market. And remember, I am not your investment advisor nor do I wish to be. These are my opinions only and are based solely on my own work. Trade at your won risk.
