3 replies to this topic

[NAV]

http://nav-ta.blogsp...g-thoughts.html

[Darris]

Nice summary, thanks. Do you have any comments for the large discount we are getting in the after market right now? Thanks

[NAV]

Nice summary, thanks. Do you have any comments for the large discount we are getting in the after market right now? Thanks

I don't particulary give much atention to ATH action. As long as the 30-min trend is up, any discounts are used by the night operators to position for next swing up in the trend. That's what has been happening for the last 4 years. But as i said, we are about 90% done with this hourly upswing. So it woudn't be very difficult to turn the ST trend here, if the gap-down happens to be large. If the gap-down manages to push my 120-min to a sell by 10:00 - 10:30 Est tommorow, i will start building a swing short....

[Darris]

Thanks again, and have a good evening.