I don't think the correction you were talking about is over. I think the correction is about to begin. Let us know when your 120-min and shorter-term indicators turn down. My indicators are saying that the risk has increased!!!
Denleo
NAV, about that correction
Started by
denleo
, Jun 18 2007 03:46 PM
9 replies to this topic
#2
greenie
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Posted 18 June 2007 - 04:09 PM
What changed from two days back??? What do you see that suggests increasing risk?
My system was expecting flat today, flat to slightly down tomorrow and fireworks afterwards. So, we are in agreement.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#3
ogm
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Posted 18 June 2007 - 04:19 PM
I don't think the correction you were talking about is over. I think the correction is about to begin. Let us know when your 120-min and shorter-term indicators turn down. My indicators are saying that the risk has increased!!!
Denleo
Yep, my favorite 60 min summations have finaly reached overbought, slowed down, and getting ready to reverse. I'll post a chart later. Internals sank by the close. Always a good sign.
#4
selecto
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Posted 18 June 2007 - 04:29 PM
SPx both the 30 and 60 bands are squeezed. Should they resolve right in here, they will resolve in the direction of price momentum, which is down.
#5
rkd80
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Posted 18 June 2007 - 06:11 PM
What changed from two days back??? What do you see that suggests increasing risk?
My system was expecting flat today, flat to slightly down tomorrow and fireworks afterwards. So, we are in agreement.
greenie, fireworks to the upside?
“be right and sit tight”
#6
greenie
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Posted 18 June 2007 - 06:15 PM
greenie, fireworks to the upside?
I am a permabear. I never see fireworks to the upside
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#7
denleo
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Posted 18 June 2007 - 06:45 PM
The biggest indicator among all of you is HUNCH!!! Never underestimate it.
Denleo
#8
Mr Dev
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Posted 18 June 2007 - 07:26 PM
The biggest indicator among all of you is HUNCH!!! Never underestimate it.
Denleo
Don't overestimate it either
Edited by Mr Dev, 18 June 2007 - 07:26 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!
#9
NAV
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Posted 18 June 2007 - 09:55 PM
Let us know when your 120-min and shorter-term indicators turn down. My indicators are saying that the risk has increased!!!
Denleo
120-min is still on a buy, but inching closer to sell. As i said yesterday, the more they screw around here, the more the likelihood of it turning down. I will post in real-time when it turns down.
#10
rkd80
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Posted 18 June 2007 - 10:14 PM
greenie, fireworks to the upside?
I am a permabear. I never see fireworks to the upside
you are? oh poo, perma(anything) is no good
“be right and sit tight”
