Ps I was 3/4 short the RUT today and a 1/4 long the dollar... I may move back into UTLs by tomorrow. Still going to wait for another sign for re-entry into Energy Services
Edited by Mr Dev, 30 April 2007 - 02:42 PM.
NDX & RUT Thoughts
Started by
Mr Dev
, Apr 30 2007 02:36 PM
5 replies to this topic
#1
Mr Dev
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Posted 30 April 2007 - 02:36 PM
Well this is a nice move triggering other signals for most traders of these indexes.
Nice the way the RUT wiped out 9days of drifting higher price gains!
We are at some support here at the close but I would be inclined to let it ride until the actual buy signal shows up.
Well done to those trading on the right side for today.
Ps I was 3/4 short the RUT today and a 1/4 long the dollar... I may move back into UTLs by tomorrow. Still going to wait for another sign for re-entry into Energy Services
Ps I was 3/4 short the RUT today and a 1/4 long the dollar... I may move back into UTLs by tomorrow. Still going to wait for another sign for re-entry into Energy Services
.. .. ..
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
tozwp
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Posted 30 April 2007 - 02:54 PM
Well this is a nice move triggering other signals for most traders of these indexes.
Nice the way the RUT wiped out 9days of drifting higher price gains!
We are at some support here at the close but I would be inclined to let it ride until the actual buy signal shows up.
Well done to those trading on the right side for today.
Ps I was 3/4 short the RUT today and a 1/4 long the dollar... I may move back into UTLs by tomorrow. Still going to wait for another sign for re-entry into Energy Services
Today was refreshing!
Nice trading!
#3
Mr Dev
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Posted 30 April 2007 - 04:35 PM
Today was refreshing!
Nice trading!
Yes.... it was wasn't it
.. .. ..
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!
#4
CLK
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Posted 30 April 2007 - 04:40 PM
Nice trade, took too long for me.
Channel needs to break.
Channel needs to break.
#5
tozwp
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Posted 30 April 2007 - 04:51 PM
Today was refreshing!
Nice trading!
Yes.... it was wasn't it
I covered at the end of the day. No buy signal on my rut chart and the daily on a sell still. Dailies for the others don't look quite as weak. Also, I'd have liked to have seen OEX pc ratio move up and some strength in the yen. Doesn't have to happen but it seems that this move down is missing a few pieces to make it substantial at this point. So far it has the makings of a one day wonder as has been typical. Will wait for more clues before taking a trade either way in the next day or three.
#6
Mr Dev
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Posted 30 April 2007 - 11:26 PM
Well done,
With the RUT at support I would expect an UP day tomorrow,...however with the Daily Sell signals obviously
just flashing for many, I think there will be a little more selling on the Up move and then we "should be" lower again Wed.
So I plan on doing nothing until Wed when I look again to the charts, and possibly flip long for Thursday,
only to flip back to the short side for Friday.
.. .. ..
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!
