bears are delluded
#1
Posted 15 May 2007 - 04:16 PM
The future is 90% present and 10% vision.
#2
Posted 15 May 2007 - 04:22 PM
#3
Posted 15 May 2007 - 05:38 PM
#4
Posted 15 May 2007 - 06:10 PM
Edited by thespookyone, 15 May 2007 - 06:11 PM.
#5
Posted 15 May 2007 - 08:15 PM
Well, I'm short the Q's, with puts-but we are sure seeing two different things here. The Q's break yesterdays low, then torch Fridays lows, on HUGE volume-and this is consolidation? Makes more sense to me that the heliun volume move up was a backtest.. Negative MACD cross, negative PPO cross, negative adx cross on the way-just doesn't have me mooing. My Q shorting, QID, and Q puts however are going nicely, and about to get better. Having watched the MACD on the DOW PLUNGE as the market rose today=our thoughts surely could not be more different here.
Spooky
I'm very familiar with macd crossings and all kinds of divergences,
been posting them for a long time here.
It's just that I've learned the hard way not to take the first cross or two
very seriously when the move up is strong. Last year or two I'd be
aggressively probing for a top. This year I'm reluctant. Maybe
they hooked me but a hedge is all they get out of me.
Good trading.
#6
Posted 15 May 2007 - 09:06 PM