either another low is coming
Started by
eminimee
, Jun 27 2007 12:34 PM
6 replies to this topic
#1
eminimee
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Posted 27 June 2007 - 12:34 PM
#2
rkd80
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Posted 27 June 2007 - 01:18 PM
tea,
i am seeing a make it or break it situation on the $OEX. It is bumping up against the falling wedge upper line and if it breaks through then we can probably mount a sizeable rally. otherwise we are back to previous lows if not worse.
confirm?
rkd
“be right and sit tight”
#3
selecto
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Posted 27 June 2007 - 01:25 PM
I use an array of sto's and obv ma's which I have tuned for QQQQ, and which are generally quite reliable in signaling a daily closing low - sometime the next day. Using them on OEX, I have the leg closing low yesterday. (cubes too)
#4
rkd80
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Posted 27 June 2007 - 01:33 PM
I use an array of sto's and obv ma's which I have tuned for QQQQ, and which are generally quite reliable in signaling a daily closing low - sometime the next day. Using them on OEX, I have the leg closing low yesterday. (cubes too)
Hmm? I am not following, so your system stated that the OEX low was yesterday? (despite the newer low this morning?)
“be right and sit tight”
#5
selecto
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Posted 27 June 2007 - 01:39 PM
you are reading too fast. "closing low"
Edited by selecto, 27 June 2007 - 01:41 PM.
#6
eminimee
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Posted 27 June 2007 - 01:40 PM
re: oex..yes confirmed..but I don't want it back inside the wedge today...next target is 1509 spx.. then 1518. Either one could knock it down to new lows.....above each of those...I'm more bullish for new highs as we get on top of those targets. fwiw
#7
eminimee
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Posted 27 June 2007 - 02:34 PM
out at 16.50 with several in's and outs from 1496 and 1502..
