. Now the hourly and 120-min have turned up. So i need to find a spot to get out of my shorts.
It's funny....
Started by
NAV
, Jun 15 2007 08:31 AM
10 replies to this topic
#1
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 15 June 2007 - 08:31 AM
Every Opex week, I fall prey to this setup. Technically it always looks bearish and i get short and they gap-up huge. I still haven't learn't the lesson . Now the hourly and 120-min have turned up. So i need to find a spot to get out of my shorts.
. Now the hourly and 120-min have turned up. So i need to find a spot to get out of my shorts.
#2
da_cheif
-
- Traders-Talk User
- 10,964 posts
Member
Posted 15 June 2007 - 08:41 AM
Every Opex week, I fall prey to this setup. Technically it always looks bearish and i get short and they gap-up huge. I still haven't learn't the lesson
just do it in private...i dont wanna see you naked.....snort
#3
Vector
-
- Traders-Talk User
- 1,828 posts
Member
Posted 15 June 2007 - 08:41 AM
Every Opex week, I fall prey to this setup. Technically it always looks bearish and i get short and they gap-up huge. I still haven't learn't the lesson
we've been in a sideways to up consolidation since early May
Next leg UP is commencing now (yesterday)
#4
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 15 June 2007 - 08:44 AM
Every Opex week, I fall prey to this setup. Technically it always looks bearish and i get short and they gap-up huge. I still haven't learn't the lesson
just do it in private...i dont wanna see you naked.....snort
. Still clinging on to my shorts. I won't embarass you.
Edited by NAV, 15 June 2007 - 08:45 AM.
#5
Russ
-
- Traders-Talk User
- 7,199 posts
Member
Posted 15 June 2007 - 08:44 AM
Looking like an exhaustion gap now.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 15 June 2007 - 08:46 AM
Every Opex week, I fall prey to this setup. Technically it always looks bearish and i get short and they gap-up huge. I still haven't learn't the lesson
i am surprised nav, look at the 15/30min etc they are so overbought its not even funny. I dont remember seeing the $TRIN this low...
“be right and sit tight”
#7
Jnavin
-
- TT Member*
-
- 2,126 posts
Member
Posted 15 June 2007 - 08:49 AM
Too much enthusiasm in the buying this morning.
#8
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 15 June 2007 - 08:53 AM
RE: TRIN and TRINQ...my odd ball stuff may be signaling a sell here based on the 34ema on both
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=5&dy=0&i=p23801270498&a=106330327&r=3714.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=5&dy=0&i=p23801270498&a=106330327&r=3714.png
#9
Insider
-
- Traders-Talk User
- 1,393 posts
Member
Posted 15 June 2007 - 08:57 AM
Every Opex week, I fall prey to this setup. Technically it always looks bearish and i get short and they gap-up huge. I still haven't learn't the lesson
we've been in a sideways to up consolidation since early May
Next leg UP is commencing now (yesterday)
What leg up? Only the final blow off !
Not surprised if we close red today
Insider
#10
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 15 June 2007 - 09:01 AM
I am going to sell over the next 5 days, everyday gradually. It is hard to pick the exact top here, but today has pretty good potential to be a good top. The daily internal momentum is still down, the shorter term price and internal indicators are way overbought, this is a good place for a cyclical top, the new highs vs new lows are divergent at this point compared to the previous two price highs, the speculation is way extreme for this kind of market at the moment, the list goes on... As I said, I am willing to take some heat on this trade... My time limit is around June 25th, I should see an acceleration lower in order for me to stay commited through the end of the quarter window dressing...
