3 replies to this topic

[OEXCHAOS]

Sure looks like it. I'll post a chart after everything goes out this morning. The reading was 89. My feeling? It's a day early. No matter what, I see more downside, I'm just not clear if we bounce early and hold today (fulfilling the T-4 Buy) or, bounce and fall hard making a better low today or tomorrow. Mark

[hiker]

this may help - 07:31 BA prelim $1.35 vs $1.16 Reuters consensus; revs $17 bln vs $16.08 bln Reuters consensus 07:32 BA sees FY08 $5.55-5.75 vs $6.12 Reuters consensus; sees revs $71-72 bln vs $72.94 bln Reuters consensus

Edited by hiker, 25 July 2007 - 06:35 AM.

[selecto]

Mark, what about the T-4 signal makes it a buy or a sell? Or do you take the signal and devine the direction of the trade from other stuff? The data you sent me, when plotted, suggested that the signal is usually in the direction of price momentum, as it was with the last signal, and sweet it was.

[OEXCHAOS]

Mike, I often look for "alternation" in the signals. But a signal is just an alert. We have to figure out if it's a Buy or a Sell. Since we're a bit over done and got a MACD Buy, I was figuring that the signal will be a Buy. My best read is up-DOWN-UP. Rydex suggests that strength lasts at least until 1:30, but after that, it is really iffy. Past 4:00 seems unlikely. The amateurs were buying yesterday. Mark