Countertrend buy
#11
Posted 25 July 2007 - 02:29 PM
Mark S Young
Wall Street Sentiment
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#12
Posted 25 July 2007 - 02:34 PM
ES 1529 and ER2 818 - good area to book some profits. I took some off.
NAV, Great Trade! You're amazing.
If you write a book, I'll take an autographed copy.
Thanks.
I am blushing ! Now that's what i call a kiss-of-death signal for my trading
#13
Posted 25 July 2007 - 02:38 PM
Finally, i have a countertrend buy signal on 30-min ES and ER2 at 2:30 Est. Not just a divergence, but a buy. Since it's countertrend, it's low odds. I am taking the signal with a small position.
Hourly signals are more reliable than 30-min. If we don't crap out between now and 3:00 Est, we would also have a hourly buy signal (countertrend, of course).
Think we get one more drop then it goes up for a week. After blowing my 1531 short this morning I squeezed 5 points out of today.
I can now see 4 waves down from the July 18th super cycle top
LT d:^)
#14
Posted 25 July 2007 - 02:50 PM
Finally, i have a countertrend buy signal on 30-min ES and ER2 at 2:30 Est. Not just a divergence, but a buy. Since it's countertrend, it's low odds. I am taking the signal with a small position.
Hourly signals are more reliable than 30-min. If we don't crap out between now and 3:00 Est, we would also have a hourly buy signal (countertrend, of course).
Think we get one more drop then it goes up for a week. After blowing my 1531 short this morning I squeezed 5 points out of today.
I can now see 4 waves down from the July 18th super cycle top
LT d:^)
Quick for Thursday, SP closes at 1525 Thursdays buy zone is 1516 to 1505
#15
Posted 25 July 2007 - 02:53 PM
I can now see 4 waves down from the July 18th super cycle top
Next one could be the wave 5 that never comes
#16
Posted 25 July 2007 - 02:55 PM
#17
Posted 25 July 2007 - 02:56 PM
I can now see 4 waves down from the July 18th super cycle top
Next one could be the wave 5 that never comes
Yeppers, that could be true. My fifth wave model says odds are we double bottom, no lower low Thursday. That will tricky up the wave count. I am more interested in where next weeks high is at for clues.
Good trading,
LT
#18
Posted 25 July 2007 - 03:01 PM
Edited by NAV, 25 July 2007 - 03:02 PM.
#19
Posted 25 July 2007 - 03:20 PM
Edited by NAV, 25 July 2007 - 03:22 PM.