16 replies to this topic

[A-ha]

In other words... with all the bullish long term charts you were showing.. you got shaken out on the first downtick on 5 minute charts .....

To me it says we're going higher

Maybe after a quick pullback here.

After all my comments above, looks like you didnt understand a ******** about what i said ...

but this is not the first time with you...

[risktaker]

Awesome trade, A-ha! ogm, you are probably right. I am so bullish that I can no longer think straight. So I sold most of my holdings and will contribute to the upside power for the bull run.

[ogm]

No, I understand exactly what you said... You're expecting a 50 point pullback... That means the market will let shorts out of this trade easily.. and I don't think it will. We have a lot of accumulated bearishness that has been very persistent for the past 4 days while we slowly were grinding up. And now with 2500 to 800 positive A/D and MCOs breaking out of downtrend, the market has to suddenly roll over and let the shorts out...... Not gonna happen, IMO. MCO's looking good, summations turned, A/D is strong. 15 min chart changed trend, shorts never gave up... why would it roll over ? I'd say scorch into the close, but then again, we're having a very nice quiet uptrend while everyone is looking for it to roll over, so the nice quiet grind may continue.... The only negative spot here is financials that are looking kinda weakly. But just about every other sector looks good.

Edited by ogm, 22 August 2007 - 12:27 PM.

[atlasshrugged]

for 70+ handle on spoooz and most of the other chits too...

i think we may punctuate those trend lines one more time... (intraweek sell off to ndx 1850)

lows will not be seen, not even close but why stay long during a 50 handle sell off

very nice trade

[peregrine]

equity p/c finally dropped to a level which usually coincides with the end of the corrective moves in an IT downtrend

xD

When you are analyzing the equity p/c ratio in the above manner, are you analyzing each 30 minute segment as a whole.....or are you utilizing the summed 30 minute segments that have occured so far in a given day?

I ask because the 1:30 segment standing alone = .87, while summed segments equaled .64...and there's a big difference in the intertpretation of those two numbers...imho.

Thanks in advance.

P

Edited by TTHQ Staff, 23 August 2007 - 02:19 PM.

[eminimee]

this is becoming very interesting..

http://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=21&i=p85086541548&a=110676262&r=5652.png

[A-ha]

xD

When you are analyzing the equity p/c ratio in the above manner, are you analyzing each 30 minute segment as a whole.....or are you utilizing the summed 30 minute segments that have occured so far in a given day?

I ask because the 1:30 segment standing alone = .87, while summed segments equaled .64...and there's a big difference in the intertpretation of those two numbers...imho.

Thanks in advance.

P

I usually consider EOD numbers. Early in the day, it is unreliable imo. Afternoon numbers are more meanful

Edited by A-ha, 22 August 2007 - 01:20 PM.