19 replies to this topic

[OEXCHAOS]

I saw the volume come in to and almost joined you but it happened just a bit too fast for youngster. M

[NAV]

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

[LarryT]

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:^)

[LarryT]

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

[NAV]

I can now see 4 waves down from the July 18th super cycle top

Next one could be the wave 5 that never comes

[eminimee]

I'm all out at 27.50 after taking half off at 23.50...from 13.75 posted in your earlier ER thread. Back flat.....took em' down...took em up.

[LarryT]

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

[NAV]

Went flat at close. Dont' like to risk a gap-down.

Edited by NAV, 25 July 2007 - 03:02 PM.

[NAV]

BTW, i did not go flat at close because of AAPL. But the A/D line looked ugly at the close with Adv (38%) and Decl(59%). Tommorow is another day....

Edited by NAV, 25 July 2007 - 03:22 PM.

[arbman]

NAV, MCOs did not change much again today...