RUT & NDX THOUGHTS
#11
Posted 18 May 2007 - 09:06 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#12
Posted 18 May 2007 - 10:12 AM
http://bigcharts.mar...&mocktick=1.gif
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#13
Posted 18 May 2007 - 01:26 PM
Sure is a good thing that the SOXX doesn't lead the market eh?
Boy if it was ,,,,,CNBC would sure to be pointing it out to all of us.
Hey Mr. Dev, I have noticed you are good at trading RUT. I am looking at the fact that it is oversold and holding 50-day MA. I have traded it both ways over the last couple of days. I am currently short (just because it is the weakest index), but looking forward more than 1 day, I think it has a chance of going up to or close to the highs. Your thoughts beyond tomorrow?
Denleo
Well D,
If you still feel that way about me you'd be taking a partial position Long as the Buy signal is Flashing...and then
add to the position on a dip which we may get Monday.
Can you do that,..If you are feeling emotional this may be hard to do...no doubt.
.. .. ..
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!
#14
Posted 19 May 2007 - 06:51 PM
D,
Just to share I have a 60m sell signal that is ON and will likely stay on until the RUT hangs above 823,or 826 to be safe, for a half day.
IF price reaches that area it will then likely pull back,.. and the signal could become a buy.
Denleo,
This is another follow up for you so I hope you get it.
When I'm trading the RUT and it looks like I should be reducing my position, but I reluctant or don't want
to FLIP-IT the opposite way, ..I will simply take less risk by moving over to the NDX .
When the coast is clear,.... I'll go back to the RUT
Edited by Mr Dev, 19 May 2007 - 06:54 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!