18 replies to this topic

[OEXCHAOS]

Yikes, NAV! They're trying to give you the "kiss of death"! For my part, I'm still looking higher, but soon. Soon.

[hiker]

below ignores all other data besides current price action: chart update on the SPY 60minute chart including all extended sessions as of 10:45 ET, the 5 and 15sma's have both resided above the 200sma for two 60min candles...the first such event since Aug 8 the ascent angle of the bullish crossover and the distance between the 5 and 15sma's reveal this current move has "power", and this is usually but not always predictive of price moves to follow.

[NAV]

Yikes, NAV!

They're trying to give you the "kiss of death"!

Yep !

[CNSZ]

P/C at 1.71, breadth is 86% adv vs 12% decl. Bigass gap-up i.e good price action. Low TRIN. Everthing says buy ! buy ! buy !. This must be a sell.

I have never done ST trading before, but decide to follow you this time. bought SDS at 55.75 (SP 1460), please let me know when you get out.

I would not advice anyone to follow my trades, please. It's too dangerous IMO.

My exit would be a 30-min close above SPX cash 1467. Something nasty is brewing here. Either it's gonna be a monster short squeeze or a huge selloff today. It's looks too good on the bullish side here. It's easy to suck in public on the long side here, right at the resisatnce, with some great price action like this. That's why i am thinking sell !!. IMHO.

I have been reading this site for more than a year now, and this site becomes my primary source of ST trend guidance. I am a IT/LT fundamental investor, I have no intention to spend too much time to learn TA, when I need to find ST top or bottom, I come here to steal your guys idea. I am really appreciate the info all of you posted here.

80% of current positions are short for now. Only long position I have right now is FXI. I purchased more SDS this morning as I posted with my cash reserve, because I do not feel comfortable without a cash holding, so this trade has to be a ST trade.

[OEXCHAOS]

Yikes, NAV!

They're trying to give you the "kiss of death"!

Yep !

They really tried, but failed. Nice job, so far.

My trend stuff was too positive to try that.

[NAV]

Took 6 points profit on 1/3 of my position. Stops now on the rest at today's high.

Edited by NAV, 22 August 2007 - 10:11 AM.

[OEXCHAOS]

P/C at 1.71, breadth is 86% adv vs 12% decl. Bigass gap-up i.e good price action. Low TRIN. Everthing says buy ! buy ! buy !. This must be a sell.

I have never done ST trading before, but decide to follow you this time. bought SDS at 55.75 (SP 1460), please let me know when you get out.

I would not advice anyone to follow my trades, please. It's too dangerous IMO.

My exit would be a 30-min close above SPX cash 1467. Something nasty is brewing here. Either it's gonna be a monster short squeeze or a huge selloff today. It's looks too good on the bullish side here. It's easy to suck in public on the long side here, right at the resisatnce, with some great price action like this. That's why i am thinking sell !!. IMHO.

I have been reading this site for more than a year now, and this site becomes my primary source of ST trend guidance. I am a IT/LT fundamental investor, I have no intention to spend too much time to learn TA, when I need to find ST top or bottom, I come here to steal your guys idea. I am really appreciate the info all of you posted here.

80% of current positions are short for now. Only long position I have right now is FXI. I purchased more SDS this morning as I posted with my cash reserve, because I do not feel comfortable without a cash holding, so this trade has to be a ST trade.

Don't forget to Donate!

Seriously, thanks for the props. This is exactly why we do this.

Mark

[CNSZ]

Stopped out, lose commission. May try again later.

[NAV]

Stopped out of the rest 2/3 at 1467.50.