http://stockcharts.com/c-sc/sc?s=$SSE...2029&r=9909
Edited by redfoliage2, 09 July 2007 - 09:07 PM.
Making A Good Base
Started by
redfoliage2
, Jul 09 2007 08:57 PM
5 replies to this topic
#1
redfoliage2
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Posted 09 July 2007 - 08:57 PM
Near term: SSEC making a W base for the next leap to new record highs:
http://stockcharts.com/c-sc/sc?s=$SSE...2029&r=9909
http://stockcharts.com/c-sc/sc?s=$SSE...2029&r=9909
#3
redfoliage2
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Posted 09 July 2007 - 09:19 PM
He must be short. But his M is broken now and this is a good price to cover before the W fully formed. BTW, SSEC up again one hour after open Tuesday. At the Current level I'm bullish on SSEC and bearish on NDX.Ted Burge over at Stockcharts' "Public List" has SSEC as an M.
Chart # 90 on this page.
Edited by redfoliage2, 09 July 2007 - 09:27 PM.
#4
rkd80
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Posted 09 July 2007 - 09:51 PM
Hey Rf2, It seems like we are moving together with SSEC no? Are you hedging or am I just making this relationship up?
“be right and sit tight”
#5
redfoliage2
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Posted 09 July 2007 - 10:53 PM
Not hedging. It's offensive on both ends.Hey Rf2, It seems like we are moving together with SSEC no? Are you hedging or am I just making this relationship up?
#6
redfoliage2
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Posted 10 July 2007 - 10:14 AM
With US indices at the IT peaks and SSEC at the IT base, this strategy should be very rewarding with little risk.Not hedging. It's offensive on both ends.Hey Rf2, It seems like we are moving together with SSEC no? Are you hedging or am I just making this relationship up?
