Bears have the best set up for a real correction I have seen this year. This is according to a combo of indicators I follow. The best set up comes from my cumulative tick. This is usually good for at least 5% correction in S&P 500 (we know that 10% were outlawed).
The question is: will they hit the bids? This is thier best chance.
Denleo
Set up
Started by
denleo
, Jul 10 2007 05:09 PM
9 replies to this topic
#2
hiker
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Posted 10 July 2007 - 05:14 PM
you going to tell us when you cover down the road, Dennis?
thanks. you have a history here of making good calls.
Dave is back in chat mode tonight, I believe....
btw, OIH price is not far above the rising 200-sma on the 15min chart..my 60 min is on a sell using price and Ma's only
Edited by hiker, 10 July 2007 - 05:19 PM.
#3
jjc
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Posted 10 July 2007 - 06:17 PM
Bears have the best set up for a real correction I have seen this year. This is according to a combo of indicators I follow. The best set up comes from my cumulative tick. This is usually good for at least 5% correction in S&P 500 (we know that 10% were outlawed).
The question is: will they hit the bids? This is thier best chance.
Denleo
Hmm. Well you got my attention.
#4
greenie
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Posted 10 July 2007 - 06:37 PM
Nice follow-up work Dennis. It is nice to get confirmation of what I am seeing from other good traders like you 
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#5
eminimee
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I don't care who's fur is flying...
Posted 10 July 2007 - 06:49 PM
Hmmm....if the lows made today on oex hold on an hourly close...we could rally very hard....
#6
rkd80
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Posted 10 July 2007 - 07:38 PM
Denleo,
I may be mistaken, but were you not liking this trend just a few days ago? You went from bull/long to correction in 2 days? wow.
I suppose more power to you if you got a system that can switch that quickly...
rkd
“be right and sit tight”
#7
JAP
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Posted 10 July 2007 - 09:38 PM
Denleo,
I may be mistaken, but were you not liking this trend just a few days ago? You went from bull/long to correction in 2 days? wow.
I suppose more power to you if you got a system that can switch that quickly...
rkd
Good memory RKD.
#8
hiker
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Posted 10 July 2007 - 10:17 PM
60 min sell on OIH mentioned above is preliminary sell only, until price and other ma's move below the 200sma on the 60 min. or shorter time frame
#9
eminimee
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I don't care who's fur is flying...
Posted 11 July 2007 - 04:11 AM
Denleo,
I may be mistaken, but were you not liking this trend just a few days ago? You went from bull/long to correction in 2 days? wow.
I suppose more power to you if you got a system that can switch that quickly...
rkd
I remember getting [bleeeep] when I went swing short near the close last Friday.
#10
eminimee
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I don't care who's fur is flying...
