If I take you right, you're stressing that now is the time to NOT ignore your buy signals.
I would strongly agree. We're just a hair lower on the Relative VIX than we were at the June '06 low. We've got a t-4 signal, and our "best fade" signal flashed a buy 4-day ago. That implies that we rally today.
Take it down, scare 'em bad, and turn it and rally it? Could be. I really thought that they'd gap and go, but this is a perverse game.
Mark
Are we oversold ?
Started by
NAV
, Jul 30 2007 08:03 AM
23 replies to this topic
#11
OEXCHAOS
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Mark S. Young
Posted 30 July 2007 - 08:42 AM
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#12
mss
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I'M WATCHING
Posted 30 July 2007 - 08:47 AM
I just got a ST buy FWIW
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#13
traderpaul
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Posted 30 July 2007 - 08:57 AM
What is your signal based on?
I just got a ST buy FWIW
mss
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#14
NAV
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Posted 30 July 2007 - 09:07 AM
Hourly buy confirmed on NQ at 10:00 Est, but not on ES. So buying NQ not ES, with tight stops. On the 30-min charts i have confirmation on ES as well.
Edited by NAV, 30 July 2007 - 09:10 AM.
#15
kaiser soze
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Posted 30 July 2007 - 09:18 AM
ES broke through 1470 on decent volume. I'm in.
#16
NAV
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Posted 30 July 2007 - 10:03 AM
ES broke through 1470 on decent volume. I'm in.
I have a hourly buy at 11:00 Est. Buying ES around 1568. A close below 1560 would be required to invalidate this signal.
#17
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lasergirl
Posted 30 July 2007 - 10:21 AM
Long SPX 1459 (cash), stop @ LOD.
"Daytrading -- An Extreme Sport !"
#18
NAV
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Posted 30 July 2007 - 11:02 AM
No momo. I am going flat for a 2 point loss. Better opportunities will come.
#19
NAV
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Posted 30 July 2007 - 11:50 AM
Back in at 1467. Stop 1460. I am going for a walk now.
#20
NAV
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Posted 30 July 2007 - 12:11 PM
Closed 50% for 7 point gain. Breakeven stops on the rest 50%. Also limit order to sell the rest at 1485, if it gets there. Back to doing productive things 
Edited by NAV, 30 July 2007 - 12:17 PM.
