2 replies to this topic

[S.I.M.O.N.]

ominous 3 black crows, too obvious, 845 next. long rut, short dow combo?

[Mr Dev]

ominous 3 black crows, too obvious, 845 next.
long rut, short dow combo?

Hi Pnfwave,
yes seeing that too,... is it to obvious?

there is also that bounce off oversold condition that lifted the short term OVERSOLD 10m indicators... now with any downward

follow thru in the am ....we should get a nice buy divergence as well as a trend line break.

This follows my old teachings of waiting for a combination or 3-4 good technical signals firing all at once,.... before safely entering into a reversal trade.

Again, if we do get the lower open that also allows strength at this point for a possible positive turn around by
the next close,...esp for a Feel Good Friday.... I mean come on... this is America!

My key cross over indicator has yet to signal even a nearing of a reversal for the RUT,... as it looked to freeze into a strongly negative position,.... ALL day.
(not so for the NDX as it briefly looked up but no cross)

Well let's see if we get it to cross over to the up side tomorrow.

Last note is that even with the DOW hitting a new high,.... it and S&P Key cross over signals are still pointing down,...

.....if nothing else this is signaling little to no gains on LONGS for those indexes until their Key cross over indicator returns back to the upside.

good luck with the trade

Edited by Mr Dev, 19 April 2007 - 05:11 PM.

[S.I.M.O.N.]

ominous 3 black crows, too obvious, 845 next.
long rut, short dow combo?

Hi Pnfwave,
yes seeing that too,... is it to obvious?

there is also that bounce off oversold condition that lifted the short term OVERSOLD 10m indicators... now with any downward

follow thru in the am ....we should get a nice buy divergence as well as a trend line break.

This follows my old teachings of waiting for a combination or 3-4 good technical signals firing all at once,.... before safely entering into a reversal trade.

Again, if we do get the lower open that also allows strength at this point for a possible positive turn around by
the next close,...esp for a Feel Good Friday.... I mean come on... this is America!

My key cross over indicator has yet to signal even a nearing of a reversal for the RUT,... as it looked to freeze into a strongly negative position,.... ALL day.
(not so for the NDX as it briefly looked up but no cross)

Well let's see if we get it to cross over to the up side tomorrow.

Last note is that even with the DOW hitting a new high,.... it and S&P Key cross over signals are still pointing down,...

.....if nothing else this is signaling little to no gains on LONGS for those indexes until their Key cross over indicator returns back to the upside.

good luck with the trade

flat to range bound mkt makes a lot of sense here, i have trinq in the topping zone while mkt internals are oversold, a really weird combination
thnks Mr Dev.