5 replies to this topic

[NAV]

60 min trend - up 60 min momentum - up 120 min trend - up 120 min momentum - up Daily trend - down Daily momentum - up Weekly momentum - down Weekly trend -up Clearly the fight here is between the daily momentum and the weekly momentum. Who's gonna win here ? Only time will tell. Another big up day this week can turn both the daily trend up and weekly momentum up, which will bring everthing in sync to the upside. A big down day here can turn the daily momentum down and also turn the weekly trend down, which would bring everything in sync to the downside. So the jury is still out......too early to get excited on either side IMO.

[gti_99]

Hi, NAV, thanks for sharing. Always looking forward to your posts. Would you say today qualifies as a big up day if the market closes at about this level? Thanks.

[NAV]

Would you say today qualifies as a big up day if the market closes at about this level?

That's a big "If" at this point. As long as the weekly CCI is below zero, the market will remain jittery.

[rkd80]

Would you say today qualifies as a big up day if the market closes at about this level?

That's a big "If" at this point. As long as the weekly CCI is below zero, the market will remain jittery.

nav, you still plan to short like you intended to this morning? this action has been impressive, but some indicators like the RSI on er2 is extremely high. dont know if its a candidate for short, but definitely hard to enter long.

[NAV]

Would you say today qualifies as a big up day if the market closes at about this level?

That's a big "If" at this point. As long as the weekly CCI is below zero, the market will remain jittery.

Sorry, i mean't weekly CCI below -100 (not zero)

Would you say today qualifies as a big up day if the market closes at about this level?

That's a big "If" at this point. As long as the weekly CCI is below zero, the market will remain jittery.

nav, you still plan to short like you intended to this morning? this action has been impressive, but some indicators like the RSI on er2 is extremely high. dont know if its a candidate for short, but definitely hard to enter long.

rkd80,

No hourly sell yet. So no hourly swing trades. I might scalp a bit on the downside using a 30-min sell ( i have one at 11:30 Est)

Edited by NAV, 08 August 2007 - 10:31 AM.

[arbman]

All the long term MAs are up, I doubt that the market will be able to put 4 wks down in a row, it could not put two down days in a row after Friday's sell off which looks like a complete capitulation at this point. Every down tick meets with increased equity P/C ration on a 1/2 hour basis. Next blast high should come around 2:00pm... I will try to add at a 1:00pm low, if a sell off does not close the gaps below by then, I doubt it... - kisa