1 reply to this topic

[Mr Dev]

As mentioned last week I would buy the RUT although with todays pop I would certainly be taking some off. As far as the NDX is concerned holding a short here is less risky than the RUT imho. Depending on risk tolerance one could wait to exit NDX shorts until NEW Highs are proven,... although with the S&P so close,....thus why would it come all this way and not peek above and confirm it divergence,...the NDX may easily be pulled to break above resistance at the same time. Even though that scenario is likely,.. my risk tolerance allows me to see it first before exiting NDX shorts. If the RUT were to close >.35% above the NDX today I will consider a partial reshorting of the rut. Trade safe. Oooops a recheck of the charts and most of my challenge talked about the NDX is a little late. Sorry !

Edited by Mr Dev, 21 May 2007 - 09:52 AM.

[Mr Dev]

This signal didn't follow thru,...however, has decided to Re-trigger.. very rare. It's a signal like this,...either right or wrong,... that keeps me from

being scared out ,...while I'm sure others are running. Again confirmed with a mid-line cross.

Edited by Mr Dev, 21 May 2007 - 10:18 AM.