11 replies to this topic

[tommyt]

again, forget the HO is a crash predictor...how often do we have crashes and is there any model that predicts it? probably not...rather I use it as a decline coming predictor, and if my stuff lines up with it...it usually works, and is working again. We got the initial signal and now we are dropping...pretty simple. Its helping make me $$$. The H.O. says that the internals have weakened and price has managed to stay up...voila! a drop...really no mystery. 2% or 25% seems to be the argument, I'll leave that to the board. I am looking for a drop to the last low (13,250ish Dow, 149ish SPY) to cover some shorts, then an end of quarter marking program. Am moving trailing stops down to not give back a bunch. Interesting week comin!

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=3&g=0&i=t74281851000&r=5092.png

[da_cheif]

talk about three peaks and a domed house, or whatever ..."so I go bullish"

must be in the water

COT is very bullish here

so is odd-lot

maybe a short-lived shake-out first but longer term the only ones getting the shaft here are the bears.

http://www.traders-t...?...c=66890&hl=


YAWWWWWWNNNNN

JAMMA YAMMA.....snorta

Edited by da_cheif, 25 June 2007 - 12:21 PM.