5 replies to this topic

[Mr Dev]

bounce as expected although weaker...and took a bit longer to show than I thought it would. I exited my partial long position this morning..sad to say I didn't flip it short . I moved to long in the dollar and added today..I'm also looking closely at going into gold ...it just needs show slow support here. But what a great trading day for da bears! trade well! Ps the reason I'm not shorting the NDX or RUT today is because I think they are setting up a bigger bounce.. for Thursday. I may even play long on any strong down move...an re-short the Up move if we get it late Thurs/ Friday as I expect.

Edited by Mr Dev, 31 July 2007 - 03:10 PM.

[ken29]

Isn't your $CPC is now on a Sell signal?

[CNSZ]

Do you mean you are trading currency? if so, is there a way to trade currency without a special currency trading account? I do not feel US dollar has reached bottom yet, but close.

I moved to long in the dollar and added today..I'm also looking closely at going into gold ...it just needs show slow support here.

[Jnavin]

Do you mean you are trading currency? if so, is there a way to trade currency without a special currency trading account? I do not feel US dollar has reached bottom yet, but close.

I moved to long in the dollar and added today..I'm also looking closely at going into gold ...it just needs show slow support here.

Punch up UUP and UDN. These are exchange traded U.S. dollar ETF's.

[CNSZ]

Do you mean you are trading currency? if so, is there a way to trade currency without a special currency trading account? I do not feel US dollar has reached bottom yet, but close.

I moved to long in the dollar and added today..I'm also looking closely at going into gold ...it just needs show slow support here.

Punch up UUP and UDN. These are exchange traded U.S. dollar ETF's.

thanks janvin

[Mr Dev]

Isn't your $CPC is now on a Sell signal?

Its been on a sell and the faster ma is starting to move into momentum phase.

Hard to believe it hadn't already!


Folks I still "think" that an orchestrated bounce may show up tomorrow or Thursday....but who knows if they can

work it that fast. They have lined up some shorts before, but shorts keep exiting with profits at every decline and

so nothing has worked so far since last Thursday. Well except for dead cat bounces.

The Summation for the SPX is down right FUGLY. With the technicals so beat up... longer term FUND money is

sure to have just started to exit LoNGer Term positions.

Daily Weekly Monthly and even my Quarterly signals look bearish for the major averages.

Now is the time,.. to be short more days in the week than long.

________________________________________________________

As Jnavin said there are ways to trade currencies without a currency account.

I'm not the best one to ask for details...I just use what I have access to.

There are also mutual funds that will play the dollar Long or Short x2 those are fun!

Im not always a long term player but at this time I would be looking to short the EUR. or Get Long the US$.

The moves in the Rydex leveraged $ funds are not always long lasting moves but you can get enough to

butter your bread with.

Edited by Mr Dev, 31 July 2007 - 08:26 PM.