Liquidity WOW
#1
Posted 28 June 2007 - 09:10 AM
.. .. ..
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!
#2
Posted 28 June 2007 - 09:12 AM
WoW just can't say much more than they may have sucked shorts in again.... or they expect something nasty.
This is another pure attempt at manipulation at its finest.
i was really expecting SOME kind of sell-off, as always mr. market does the opposite.
how u playing this one today devster, still on the flipped short?
#3
Posted 28 June 2007 - 09:17 AM
Edited by ogm, 28 June 2007 - 09:19 AM.
#4
Posted 28 June 2007 - 09:20 AM
#5
Posted 28 June 2007 - 09:35 AM
well, I'm certainly not playing 100% of the funds..we are mixed here with the technicals shooting up to a buyhow u playing this one today devster, still on the flipped short?
from oversold levels,... now reaching overbought levels on the short term stuff,
I entered about 20% short at the close and I've increased that to 50% here after the open ..as I still expect
an opportunity to exit shorts with a profit.
I think we need to see how the market can react to short term overbought levels in the face of Negative daily
and Weekly signals.
With all of the liquidity coming in today...If we somehow do close lower......I doubt we stay there for long
before we bounce again.
THis is another good day if you have been bearish ...to sit and watch ....if you are bullish... 50% for longs
and trailing stops ....for those that use them....
Dats how I see it.
Best
Edited by Mr Dev, 28 June 2007 - 09:37 AM.
.. .. ..
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!
#6
Posted 28 June 2007 - 09:38 AM
i too am looking for a long entry and it also 'feels' right.
but...
trading on feeling - not so good. but with half my indicators showing buy and half showing sell, gotta draw the line somewhere.
Its a feeling based on technicals
Take a look at the daily and 60 min charts of NYX or NDAQ for example. I just bought bought. daily charts are at loong term support, in a huge bullish consolidation triangle, that was lasting for weeks.
60 min charts oversold and starting to bounce.
Or AMAT monthly charty for example that I posted earlier. That thing is going up, and the QQQQ monthly starting to look like that too.
By no means this market is out of the woods yet, but its starting to look like that weakness in internals was masking bullish consolidation in a lot of stocks over the long period of time. And if its about to turn, it will run very hard.
#7
Posted 28 June 2007 - 09:41 AM
Edited by Mr Dev, 28 June 2007 - 09:42 AM.
.. .. ..
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!
#8
Posted 28 June 2007 - 10:05 AM
#9
Posted 28 June 2007 - 10:33 AM