5 replies to this topic

[hiker]

32.02 was prior low just touched 31.96 all timeframes are on a sell time to countertrend buy? I did. still watching WM...33.45 low here...took 20% of position long

Edited by hiker, 06 August 2007 - 08:53 AM.

[ogm]

I am I'm buying banks.

[Cirrus]

I'll buy that hot potato for a day trade...and that's about it.

[hiker]

XLF...32.70 plus is an area of interest on the 60min and the daily...with d/t line on daily residing above 60 min remains on confirmed sell, tho' price vs. the 15sma on 60min is narrowing the distance below, and convergence of price with the 15sma on 60min may be approaching...still iffy

Edited by hiker, 06 August 2007 - 10:56 AM.

[hiker]

sold WM 35+ in and out of XLF long today..now flat..see XLF 15min candle high above the 200sma on the 15min have moved up stop on USB long entered today near the $29 area it seems to be attracted to recently..day low was 29.22 vs 52wk low of 29.09

Edited by hiker, 06 August 2007 - 01:59 PM.

[PorkLoin]

Hiker:

just touched 31.96

all timeframes are on a sell

time to countertrend buy?

Yee Haa! Very nice, Hiker. Up about 4.5% from that 31.96 low. Been watching this one today.


Best,

Doug