Jump to content



Photo

This is a bottom


  • Please log in to reply
20 replies to this topic

#11 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 24 July 2007 - 12:10 PM

I agree. Nice "W" on the intradays.


Looks to me like we broke under the support, and trying to retest it from below. Possible Bear flag.

The whole price structure looks like turn in trend taking hold. If it does turn out to be a bear flag and we break to new lows, the trend reversal will be confirmed. And instead of buying the dips, I'd be looking to short the rallies.


Posted Image

#12 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 24 July 2007 - 12:21 PM

I am having a continuation sell on ES 30-min FWIW.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#13 selecto

selecto

    Member

  • Traders-Talk User
  • 6,871 posts

Posted 24 July 2007 - 12:26 PM

I don't see anything on daily price momentum that wants to buy in here.

#14 Insider

Insider

    Member

  • Traders-Talk User
  • 1,393 posts

Posted 24 July 2007 - 01:07 PM

The market is washed out internally without any damage to S&P. It is safe to buy now. Don't buy stocks. Buy indexes. This is 1998.

Denleo


Funny....August 1998?

INSIDER
BEAR MARKET - JULY 29, 2011

Current Position:

Short the Dow from 12200

#15 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 24 July 2007 - 01:10 PM

That 30-min continuation sell generated 7 points. The objective has been acheived and overstaying is dangerous.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#16 ogm

ogm

    Member

  • Traders-Talk User
  • 13,780 posts

Posted 24 July 2007 - 01:19 PM

That 30-min continuation sell generated 7 points. The objective has been acheived and overstaying is dangerous.


Dangerous ? Afraid of a rally ? Me too. I'm scared s..less that it may bounce any minute. Its hard to ride the trend ;)

#17 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 24 July 2007 - 01:21 PM

That 30-min continuation sell generated 7 points. The objective has been acheived and overstaying is dangerous.


Dangerous ? Afraid of a rally ? Me too. I'm scared s..less that it may bounce any minute. Its hard to ride the trend ;)


Fear of depths :wacko:

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#18 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,026 posts

Posted 24 July 2007 - 03:13 PM

LOL! :lol:

Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#19 relax

relax

    Member

  • Traders-Talk User
  • 2,224 posts

Posted 24 July 2007 - 03:20 PM

Hi Mark What about the T4 signal - still above 80? Cheers!

#20 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 22,026 posts

Posted 24 July 2007 - 04:30 PM

Nope, it fell right back yesterday. Today, however, it's up there. We'll know what the call is in a couple hours. Probably a Buy. Mark

Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter