6 replies to this topic

[hiker]

stops on shorts could be 145.81 to 146.09

[ogm]

stops on shorts could be 145.81 to 146.09

Very orderly advance so far.

[hiker]

SPY 15 min I never fight the signals (weak signal now in play) on the 13 or 15minute chart...looks like an orderly decline to me off today's highs, when looking only at today's signals...with a shallow angle crossover now in play, the 5sma below the 15sma on the 15min XLF below that impt 34.50 Friday close again

Edited by hiker, 22 August 2007 - 11:53 AM.

[Trend-Signals]

SPY 15 min

I never fight the signals (weak signal now in play) on the 13 or 15minute chart...looks like an orderly decline to me off today's highs, when looking only at today's signals...with a shallow angle crossover now in play, the 5sma below the 15sma on the 15min

XLF below that impt 34.50 Friday close again

To clarify, are you calling for the end of this up wave? i.e. new low on daily, OR

day trading?


I commented on internals and breadth.


Internals have broken above resistances.

Edited by Trend-Signals, 22 August 2007 - 12:03 PM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$SPX...8230&r=5921

[hiker]

I am not making calls...I am trading..whether my short SPY is a daytrade or more depends on whether I see reversal of the MA configuration cited above on the 15min..the 60 min 200sma needs to hold, a couple candle closes back below the 200sma on the 60 min would call into question whether this move to the daily 50% decline retrace at 1463 is all we get for now. again, I will remain short till see a reversal buy signal

[tommyt]

"buy or sell"? neither, unless you are a very ST trader...still stuck in the unwind to last friday.