7 replies to this topic

[Echo]

We are now 9.5 days along this first 2.5 wk cycle off the Hurst 10wk lows. Anticipated low is Thursday +/- 1 day. Short RUT from the close via TWM 62.50 stop at 61.75 and will take profits when targets met, possibly in the 65-65.50 range. RUT has met its 3d fld upside projection on the intraday charts as well as a .618 retrace of the 5/23 to 5/24 decline. RUT is has run up against its 6d intraday fld area at the close and I believe will be bound by it. As we get closer to the 4.5 yr low, targeted short trades near cycle lows should work better than they have for a long time. FWIW. Hope Aire can weigh in. Echo

[vitaminm]

Rut 15-60min-daily buy to 850? dia spx mdy /daily sell

Edited by vitaminm, 30 May 2007 - 12:07 AM.

[Mr Dev]

Dear "active" traders, RUT & NDX thoughts. I personally watch the interaction between the RUT and NDX, and at times try and take advantage of either a spread much beyond the normal daily range of .10% - .20% differences or one's strength or weakness. This can be especially advantages just when it looks like one or the other is sure to under or out perform. For me, today was again a time to switch my focus away from the NDX that has kept me sheltered somewhat while holding short. Now it's time to head back to the RUT which also kept me feeling warm and fuzzy weeks ago when I held that index short. Normally a short bet would stay with the weaker of the two indexes, but there does come a time when we should think about switching as a way of optimizing our returns. I like to look for subtle, but wider spreads before the signals turn as a time to jump from one of the index to the other to optimize tomorrows gains. Don't just stick with some dumb signal without seeing how the two are interacting with one another. These correlations have existed between indexes as well other sectors for years,..don't turn a blind eye to them. Watch them breathe,..and then when it looks right,... move. Don't be afraid to play the NDX and RUT against each other,... esp if you are maintaining a bias. Simply determine which one will protect you or make you the most money under current circumstances,... and when the time is right to move from one to the other,...simply take that step. Wise choice or not for me today was that day. Trade well

Edited by Mr Dev, 30 May 2007 - 02:09 AM.

[airedale88]

We are now 9.5 days along this first 2.5 wk cycle off the Hurst 10wk lows. Anticipated low is Thursday +/- 1 day. Short RUT from the close via TWM 62.50 stop at 61.75 and will take profits when targets met, possibly in the 65-65.50 range.

RUT has met its 3d fld upside projection on the intraday charts as well as a .618 retrace of the 5/23 to 5/24 decline. RUT is has run up against its 6d intraday fld area at the close and I believe will be bound by it.

As we get closer to the 4.5 yr low, targeted short trades near cycle lows should work better than they have for a long time. FWIW. Hope Aire can weigh in.

Echo

Echo. we're also looking at a likely left translated high for the 2.5 wk cycle fresh off the commonality 10 wk cycle low of 5/16. that hints of some trend weakening as we near the 4.5 yr nest of cycle lows. still short june Ruts.

[hamakua]

Aire.... do you have any comments on presidential and decenial timing (cycles) suggesting next leg up starting in June ?

[airedale88]

Aire....

do you have any comments on presidential and decenial timing (cycles) suggesting next leg up starting in June ?

no. IMO Hurst's cyclic model shows the important cycles involved in creating price action.

[arbman]

In my work, this week is very pivotal for one more high or not, I said this about two weeks ago, if this week can not generate enough upside with its seasonal wind behind, the price deterioration should accelerate...

[vitaminm]

Rut

15-60min-daily buy to 850?

dia spx mdy /daily sell

rut/iwm

Day's Range: 843.71 - 849.26

15min buy

30-60min sell

daily buy