12 replies to this topic

[eminimee]

http://www.traders-t...?...ic=74808=

[atlasshrugged]

http://www.traders-t...?...ic=74808=

LOL! I have the same pattern in mind that you do! I think the ndx is the index to buy if we do indeed get the needed pull back!

good luck

[ogm]

http://www.traders-t...?...ic=74808=

You don't think there is a valid breakout on those charts already ? I think that horizontal line has been crossed already. The setup on summations is in place, setup in sentiment is in place. Sure we may get a small pullback here and there, but the critical mass for a big up move has gathered already, IMO.

The risks are now on the upside. Not worth trying to pick up pennies in front of the steamroller.

[eminimee]

30 es points south ....leveraged .....is not a few pennies.....please ...get off the train once in awhile.....there is always a place to get back on.

[eminimee]

screw everything....this is pretty good.....

[atlasshrugged]

http://www.traders-t...?...ic=74808=

You don't think there is a valid breakout on those charts already ? I think that horizontal line has been crossed already. The setup on summations is in place, setup in sentiment is in place. Sure we may get a small pullback here and there, but the critical mass for a big up move has gathered already, IMO.

The risks are now on the upside. Not worth trying to pick up pennies in front of the steamroller.

The ndx is the ONLY major index to have broken back above the 50 day EMA at this time..All the others are still below it...so my thoughts are that with us being overbought we will see another pull back in order to get bears beared up and create more buying power

[kc135a]

http://www.traders-t...?...ic=74808=

You don't think there is a valid breakout on those charts already ? I think that horizontal line has been crossed already. The setup on summations is in place, setup in sentiment is in place. Sure we may get a small pullback here and there, but the critical mass for a big up move has gathered already, IMO.

The risks are now on the upside. Not worth trying to pick up pennies in front of the steamroller.

FWIW, I don't really have a problem playing the small pull back here and there. Lately they have been good for 20-30 SPX points. I also don't have a problem playing the rallies which have been equally good.

Not investing, not forecasting, ...., nope, ...., not even a sign of guru stuff. Just trading what I see. Maybe we need an InvestersTalk. Opps, looks like da_chief alrealy has that one nailed.

For now in cash waiting for a short setup and then a long setup. Guess what happens after the long setup? Yup, looking for another short setup and then another long setup and so it goes. Pretty boring stuff but it works.

KC

[thespookyone]

"screw everything....this is pretty good....."


Excellent-thx! Still have my 1973 Les Paul custom-made me pay it a visit this afternoon.

Edited by thespookyone, 02 September 2007 - 12:56 PM.

[crestdorf]

Teaparty. Very nice music. Thanks for posting this.

[kc135a]

"screw everything....this is pretty good....."


Excellent-thx! Still have my 1973 Les Paul custom-made me pay it a visit this afternoon.

Wow, I had a 62 Les Paul signature SG that got stolen years ago. Worth thousands today.

Now have a 1977 Gretsch Super Axe I got off a CW guy in the 1990's. It is sweet!!

KC