cycles
Started by
airedale88
, Jun 15 2007 11:37 AM
6 replies to this topic
#1
airedale88
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Posted 15 June 2007 - 11:37 AM
added to shorts at 1550 on sep es. it's met it's intraday upside projection. i have to assume the nominal 5 wk cycle low arrived either last friday or tuesday of this week.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
Woody
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Posted 15 June 2007 - 12:00 PM
Airedale.......always enjoy your cycle work, guess I'm on the same page re Chart measurements, placed intitial shorts today Sept Emini at 1550 and SDS at 50.90, HXD (Cdn Mkt) at 20.34
per my MCO Post, a pullback is quite likely from here and may even test/exceed the lows the MCO will dictate where to cover, compared to March we did not get as low this time in many indicators and nor do we have to. Not sure if we will make it to Late July but this could play out in the next two weeks.........
#3
hiker
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Posted 15 June 2007 - 12:11 PM
SDS gap fill today and now the bounce...looks like a good entry to me, and I joined you Woody on the gap fill overthrow.
#4
eminimee
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Posted 15 June 2007 - 12:41 PM
I'm torn ....get short and be tense for the weekend.....or just wait until Monday and go watch some US Open.....hmmmmm.....705 OEX strike likely to get pinned.....OK.....good luck all....flat and relaxed for Father's Day... 
#5
chris3403
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Posted 15 June 2007 - 12:46 PM
GE which has lagged the Indexes took out it's prior cycle high in the first minute of trading today on opening volume of 9,496,000
this is a strong message that continual upward movement for it and the markets should continue.
gl/gt
chris
#6
rkd80
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Posted 15 June 2007 - 01:16 PM
Airedale,
So the july lows that you have spoken about are 5 weeks out from last week's nominal low? Which does not dictate that the lows have to be 'lower' just that it will be a low? IS this same cycle or something else? just starting to get familiar with your cycle work, sorry if the questions have been covered.
rkd
So the july lows that you have spoken about are 5 weeks out from last week's nominal low? Which does not dictate that the lows have to be 'lower' just that it will be a low? IS this same cycle or something else? just starting to get familiar with your cycle work, sorry if the questions have been covered.
rkd
added to shorts at 1550 on sep es. it's met it's intraday upside projection. i have to assume the nominal 5 wk cycle low arrived either last friday or tuesday of this week.
“be right and sit tight”
#7
Woody
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Posted 15 June 2007 - 01:18 PM
chris,GE which has lagged the Indexes took out it's prior cycle high in the first minute of trading today on opening volume of 9,496,000
this is a strong message that continual upward movement for it and the markets should continue.
gl/gt
chris
GE has made a marginal b/o while OBV, RSI, and even Daily Stoch are lower, look at the weekly OBV, its been in a downtrend, also GE is only keeping pace with mkt adv today and marginally better for the week, looks over bought on the hourly.....maybe a reversal bar in the making on very average daily volume
