5 replies to this topic

[Rogerdodger]

Big jump in bulls tonight at sentimentrader.com
It's at the same level as the July 12-13 top.

I'm wondering if we can get up to the downtrend line before a real pullback?
That's over 15 points higher at 1463ish! (See the 50% retrace at 1463ish)
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=5&dy=0&i=p72160678317&a=103784149&r=7443.png

Edited by Rogerdodger, 21 August 2007 - 10:40 PM.

[Sentient Being]

Roger, We are going to see the price chart push through that redish moving average, then up through the Bluish downtrend line, then price is going to invade RSI land and push right into the greenish RSI chart! And that's just Wednesday.

[Rogerdodger]

And that's just Wednesday.

Are you sure it's not Wednesdayish?

[Sentient Being]

I'm working another all night shift. I'm allowed to publish like this when I'm pulling all nighters. I do have a stop buy just above that red line somewhere. I had expected it to trigger today, but it didn't. My QQQQ buy did trigger. So, after I wake up tomorrow afternoon I'll look at the markets and see if my QQQQ are making money and the SPY BUY happened or the plunge from hell has stopped me out. Considering the way it's been happening this year I CAN tell you the future. The S&P is going to break that 200 day moving average and soundly, triggering my buy. Then it's going to roll over in the following days and die like a miserable dog, handing me losses as my generous stop gets crushed. However, if I run a tight tight stop. I'll get stopped out with a small gain then the market will launch into orbit leaving me behind. That's the way it really works. There is no tool that can tell you, there is no direction to discern. There is only me and the market. And the market exists only to extract cash from me. It knows what I do, and it then does the worst it can to me. If you want to win, go 100% opposite of me and you'd be having a good year.

Edited by Sentient Being, 22 August 2007 - 12:22 AM.

[Echo]

And that's just Wednesday.

Are you sure it's not Wednesdayish?

Maybe Wednesdayhasish

[SimpleTone]