9 replies to this topic

[Mr Dev]

Well if we haven't seen the markets move up on morning gap lasting 30m and then trend sideways where have we been? This has gone on for 2years now. Bulls if you weren't in the day before all these gaps well it seems like it left you little time to get in. Just venting thanks you. Well, my signals have turned bullish again. But there are huge divergences to think about, as well as Gaps splattered all over the place. I would normally think that going from a Feel Good Friday to a merger MONDAY, and the tap doing so well that my indicator should be followed. I mean as it looks ......we could Gap Up and Go Monday! But with the weekly and monthly divergences and on the RUT and looking like a retaining wall with a big footer on the quarterly chart,.. well I'll take a little pain by putting OFF my decision to Flip Long one day. The NDX still has some weekly issues as well, so this puts me almost back to break even for the week on the Rut and 1 more day is just one more day. So.. you all have a good weekend and I hope to see some interesting charts from the BULLS come Saturday and Sunday. Best

[hiker]

Hi Dev,

your use of the word tap reminds me of TAP -

Edited by hiker, 20 April 2007 - 02:28 PM.

[fib_1618]

But with the weekly and monthly divergences and on the RUT and looking like a retaining wall with a big footer on the quarterly chart

Divergences don't mean very much when the flow of money is moving against them.

Fib

[da_cheif]

the recognition wave getsem all.....snort......trying to hitch a ride on a speeding train once it leaves the station few if any wana riskit......lolol....mite break somethin.......snort.......

[tozwp]

Back in short ES at the close. Daily RSI is in my red zone, vix still climbing with the market, lots of holes, etc. etc. Worth a shot here. Typically when RSI gets to these levels on my daily, ES is good for at least a one day pullback. Maybe its different this time?

[Mr Dev]

But with the weekly and monthly divergences and on the RUT and looking like a retaining wall with a big footer on the quarterly chart

Divergences don't mean very much when the flow of money is moving against them.
Fib

True, but I'm not one to ignore everything but price.

[Mr Dev]

Back in short ES at the close. Daily RSI is in my red zone, vix still climbing with the market, lots of holes, etc. etc. Worth a shot here. Typically when RSI gets to these levels on my daily, ES is good for at least a one day pullback. Maybe its different this time?

I agree. Worth a shot as an entry.

We've almost reached the point when no one needs to know anything about trading in a market like this.

It may be "Buy & Hold Baby" ...for now,... but not forever.

NDX finishes the day with a Spinning Candle floating like a beautiful star in the sky...almost relaxing isn't it?

best

the recognition wave getsem all.....snort......trying to hitch a ride on a speeding train once it leaves the station few if any wana riskit......lolol....mite break somethin.......snort.......

Fer da chif,

Getsem all,....what the hell u talkin about ,.....all who?

Wait ......Please don't answer that.

I'm afraid you'll start snortin and fartin again !

my sympathy to Mrs. chif

Edited by Mr Dev, 20 April 2007 - 03:38 PM.

[Rogerdodger]

[NAV]

I'm afraid you'll start snortin and fartin again ! laugh.gif

my sympathy to Mrs. chif

LOL !

[cybersaavy]

Assuming the most straight forward count here would suggest a new high coming.

cs