Edited by Mr Dev, 08 May 2007 - 01:12 PM.
INDICATORS have turned .....
Started by
Mr Dev
, May 08 2007 01:12 PM
12 replies to this topic
#1
Posted 08 May 2007 - 01:12 PM
Short term indicators have turned Up as expected now they have reached their down trendline of resistance.... if
price quickly pulls back it is likely gearing up for a Trendline break and possibly providing the Highs to be seen near the end of day.
best to all trading
.. .. ..
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
Posted 08 May 2007 - 01:18 PM
Shorty is getting squeezed into the Fed meeting. 'Junk' is leading as homebuilders and stocks like CFC take off.
It's funny to watch the operators at work. Into a Fed meeting after a 3 week rally they really goose CFC. This is truly a difficult market to short unless you really know what your doing--and you're an outstanding trading tactician.
#3
Posted 08 May 2007 - 01:20 PM
Mr. Dev,
are you still leaning towards taking off this am NDX long and flipping to short for tomorrow am? If so, NDX or RUT?
Thanks
#4
Posted 08 May 2007 - 01:24 PM
I'm honored to have the kind words.This is truly a difficult market to short unless you really know what your doing--and you're an outstanding trading tactician.
.. .. ..
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!
#6
Posted 08 May 2007 - 01:30 PM
another lower futures open bought. what else is new. Easy money imo
#7
Posted 08 May 2007 - 01:32 PM
Kemo,
yes at this time nothing has changed for me and here is why..
first the short term charts of the NDX and the RUT breaking the trend line as I was first posting.
NDX
Ooooops this is the right one.
RUT
...NOW THE DAILYs
NDX
RUT
These still give me a good chance at shorting with a tight stop,... and much less risk,..as I see it.
Timing is good too ,..others on both sides have been caught off guard,...some confusion out there means less folks are getting involved today.
I like that as I just stick with the plan and trade right thru,... kind of like playing thru on the golf course while your 4-sum is on a roll.
yes at this time nothing has changed for me and here is why..
first the short term charts of the NDX and the RUT breaking the trend line as I was first posting.
NDX
Ooooops this is the right one.
RUT
...NOW THE DAILYs
NDX
RUT
These still give me a good chance at shorting with a tight stop,... and much less risk,..as I see it.
Timing is good too ,..others on both sides have been caught off guard,...some confusion out there means less folks are getting involved today.
I like that as I just stick with the plan and trade right thru,... kind of like playing thru on the golf course while your 4-sum is on a roll.
Edited by Mr Dev, 08 May 2007 - 01:39 PM.
.. .. ..
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!
#8
Posted 08 May 2007 - 01:45 PM
Good trade, as usual Mr Dev.
thx for posting.
#9
Posted 08 May 2007 - 01:50 PM
jjc,..thx anytime.
kemo
The NDX is starting to look good again for a short ops,..but could still pop,.. but then decelerate quickly and reverse down quickly.
The Rut has provided more steady good short ops lately imho.
.. .. ..
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!
#10
Posted 08 May 2007 - 01:54 PM
spx and oex I think have topped a b wave at this afternoons high...I think we chop in a very narrow range into close with a small gap down in the morning...Fed announcement should be a high and then a low into close tomorrow at or near 1500/02 ES. Crystal ball ********.