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Double Top....


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#1 ogm

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Posted 13 September 2007 - 11:56 AM

Market continues to grind higher with no believers again, which is good news. Complaints about resistance, low volume, bad breadth are ongoing. Wait till the masses will try to call a double top..... Should be fun ;) :D

#2 hiker

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Posted 13 September 2007 - 12:00 PM

1483.61 horizontal is from a chart "mss" posted here yest and earlier

price has not yet broken out of the triangle he showed yest. -

http://www.traders-t...showtopic=76073

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alternate daily using Jea Yu's crossovers meant for 1 to 60min charts..short signal is the displaced 3 ema cross below the 15 sma...which on daily is NOT.

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Edited by hiker, 13 September 2007 - 12:07 PM.


#3 ed rader

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Posted 13 September 2007 - 12:01 PM

Market continues to grind higher with no believers again, which is good news. Complaints about resistance, low volume, bad breadth are ongoing.

Wait till the masses will try to call a double top..... Should be fun ;) :D



OGM -- are you filling in for vector again :lol: ?

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rinse and repeat, baby :lol: !

ed rader

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#4 ogm

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Posted 13 September 2007 - 12:22 PM

My personal "shorts are scared" indicator.

There is 60% of the float short in this stock. You know, the debacle of the retail kinda trade.
Its up 7%+ today, and broke previous highs on daily.

And yet, look at the volume. Its not that huge. Means the bears didn't panic yet. they are still riding it out.


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Edited by ogm, 13 September 2007 - 12:23 PM.


#5 eminimee

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Posted 13 September 2007 - 12:57 PM

OEX double top ...short again. LOL Second try....short ES DEC 1503...stop 1505.50

Edited by Teaparty, 13 September 2007 - 12:57 PM.


#6 BigBadBear

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Posted 13 September 2007 - 01:20 PM

Nav n Aha right again. Big Bull trap sprung = Resistance Held

#7 eminimee

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Posted 13 September 2007 - 01:24 PM

Nav n Aha right again. Big Bull trap sprung = Resistance Held







Semi may have it right too...