10 replies to this topic

[airedale88]

june es has met it's nominal 10 wk price projection i first posted on 4/2. sold 2/3 of es position ar 1477.50 for 70.25 handles. will hold remaining 1/3 bought higher at 1428.50 with a stop at 1442, 1 tick below the 5 wk low.



4/2 price projection...

[jjc]

june es has met it's nominal 10 wk price projection i first posted on 4/2. sold 2/3 of es position ar 1477.50 for 70.25 handles. will hold remaining 1/3 bought higher at 1428.50 with a stop at 1442, 1 tick below the 5 wk low.



4/2 price projection...

Very nice trade. Thx for posting.

[thespookyone]

Nice trade!

[eminimee]

Outstanding....well done Airedale. PS: Did you have a target for OEX?

Edited by Teaparty, 17 April 2007 - 09:37 AM.

[denleo]

Nice trading Air!!! What are you expecting now? A pull back? Thanks Denleo

[Rogerdodger]

Hi Airdale,
Great job again.
You're making me money.
You and the moon.

Edited by Rogerdodger, 17 April 2007 - 11:03 AM.

[airedale88]

there are a few cyclic reasons i took some profits and let a smaller position ride for free. i'll post more on that tonight. i'm also getting a caution flag on the INDU envelope NYSE breadth method i track. today's move on the INDU shows breadth not supporting it, only about 80 more advancers than decliners currently as we approach the upper band.



INDU trading envelopes..

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p22135382622&r=6901.png

[airedale88]

Outstanding....well done Airedale.
PS: Did you have a target for OEX?

tea, yes i did. targets for NDX, OEX, RUT were in this thread. NDX and OEX pretty much right on the button along with SPX, RUT has undershot. that's suggestive that the broader list of stocks may be showing some effect of the upcoming 4.5 yr nest of cycle lows coming. a little early to make that call.



http://www.traders-t...?...ic=68602=

[PorkLoin]

70.25 handles

That's what I'm talking about (as they say).

Very nice going, Airedale. I wonder about breadth - are we back in full bull mode like from last summer to December, which certainly could be the case, or are we still bouncing around correctively as from Dec. to March? I guess time will tell.

Thanks,

Doug

[Echo]

Aire, Sweet. 10wk targets met this early in the 2nd 5wk cycle within--you worried that this leaves the door open for the current 5wk to be LT'd and the beginning of the decline into 4.5yr nest? Echo