10 replies to this topic

[airedale88]

shorted some er's at 838.40. anticipating an intraday cycle based sell. stop a tick over the contract high.

[BearItch]

Aire -- Looks like you are gunning for the 10 week cycle low in te Russell, one of the weaker averages. When will you start to get an idea of what the 4.5 year cycle low will look like as fas as targets go? Good trading.

[airedale88]

Aire --

Looks like you are gunning for the 10 week cycle low in te Russell, one of the weaker averages. When will you start to get an idea of what the 4.5 year cycle low will look like as fas as targets go?

Good trading.

most likely june to early july. much depends on how the market acts as the 10 wk low comes in.
i don't even have any downside projections now for the 10 wk nest of lows.

Edited by airedale88, 07 May 2007 - 10:17 AM.

[Russ]

most likely june to early july. much depends on how the market acts as the 10 wk low comes in.
i don't even have any downside projections now for the 10 wk nest of lows.

I have a projection on the major market index for a low on June 14-15th which sounds like it falls within your window.

Edited by Russ, 07 May 2007 - 10:34 AM.

[BearItch]

Aire --

Looks like you are gunning for the 10 week cycle low in te Russell, one of the weaker averages. When will you start to get an idea of what the 4.5 year cycle low will look like as fas as targets go?

Good trading.

most likely june to early july. much depends on how the market acts as the 10 wk low comes in.
i don't even have any downside projections now for the 10 wk nest of lows.

I thought you had a downside projection on the Russell of 793 =/- a few but not the rest of the averages. Is that correct?

[airedale88]

yes, i was referring to the SPX, INDU and NYSE. sorry for the confusion. i want to see the majority of indexes in gear before assuming anyone index's projections will be accurate. that's why i mentioned i'm anticipating a signal.

[BearItch]

yes, i was referring to the SPX, INDU and NYSE. sorry for the confusion. i want to see the majority of indexes in gear before assuming anyone index's projections will be accurate. that's why i mentioned i'm anticipating a signal.

Now I understand.

In using Hurts's analysis, what consitutues a sell signal? Maybe you have answered that one before...sorry if you have.

Thanks.

[airedale88]

bearitch, more than one method can be used. trendline breaks, fld breaks, edge or mid band signals, etc. it's up to the analyst. my jumping the gun on the er's is based on the overall cyclic picture, the nearness of both the 10 wk low and the upcoming 4.5 yr low, the relative weaker performance of rut vs other averages in meeting fld upside projections, some intraday stuff i'm testing i don't wish to reveal, and the low $ risk in placing a stop right above the contract high.

[airedale88]

still short the june RUT. may lower the stop today, depending on the action. overnite SP futures indicate i'll be getting downside price projections for the SPX cash index and i assume for NYSE too. will post them tonite, right now nursing in ice water a painful swelling in left hand after having to break up a fight when a pit bull attacked my airedale Bolt sunday evening. the pit bull and my left hand got the worst of it. it's making keyboarding difficult.

[esther231]

Yowzers!! Brave soul. Hope your hand heals quickly and well.