21 replies to this topic

[rkd80]

i am reasonably confident that the retest is done myself based on long term indicators that suggest we are in for a real bounce. that does not mean we cannot revisit these lows in a week, but we need a healthy bounce first (wherever that may lead)

NAV..what kind of upside are you looking for in % move or price level once you enter long?

I am only asking because not sure how I could count on any upside number above 1488 until it is taken out first...the play one step at a time rule..keeps me from the counting and FF moves you and Tea do.
'
I am 80% short..betting as heavy as I have in many mos since the 7/20 sell signal..this is the one to not miss in my opinion...a bounce failure set up, following getting the early bulls all fooled to join the bull party right after the intiail drop to the 200sma...seems like if any time will be a 10% correction from the recent high..the bears could most likely pull it off right now at thsi juncture.

Hiker,

Again, i am not sure what makes you think that i am making projections based on crystalballing or wave counting. Sorry i don't use e-waves while trading. All my projections are based on dynamic support and reistances based on my own work. I saw this short setup coming, not based on any foresight, but i had a hourly sell. I positioned short. It was a crappy day for me. I never move my stops down once set. For some reason, i felt uncomfortable and moved my stops from 1596 to 1590. Bastages, they stopped me out. After that, to add to my misery, my internet connection crapped out.

rkd,
I dont' think we will be getting any hourly buys today, given that we have only 45 minutes left. I will post it once i get it. We are close to getting one and should come after the silly hour tommrow. I am almost positive, looking at my indicators that the retest is done. We need a momo thrust to generate a buy.

[hiker]

sorry, NAV..my sincere apologies. I stand corrected, and apologize. too quick in my speech today in that comment..and I realize you use price and other type of signals on the timeframe you deem relevant at the time

waterfall decline in the works?

Edited by hiker, 31 July 2007 - 03:03 PM.