6 replies to this topic

[arbman]

This is a 10 wk sell signal, I also have 85% 5 wk sell signal on RUT and XLF for the expected lows around next week and a similar sell signal on SPX. I always take the buy signals than the sell signals. I will take the signal if the market opens higher or rallies tomorrow. This is mostly a hedging trade for the investment accounts, but I am going to see what a position trade will do in the trading accounts. I see over 1000 stocks following the periods from 25-32 days for the 5 wk cycle. I see some more elevated optimism, so the short trades might even work... Good luck, - kisa

[arbman]

I apparently have a similar 69% 10 wk buy signal on SDS. I must say if the market accelerates higher, such a blow off would fall harder into the 10 wk cycle low, I do not see the liquidity as so abundant to sustain any faster trend... I think my favorite short is IBB... I see most of the indices largely satisfying their 5 and 10 wk cycle projections, the uptrend is basically strong. I am going to also prepare a long shopping list tomorrow.

Edited by kisacik, 09 October 2007 - 06:08 PM.

[mss]

I apparently have a similar 69% 10 wk buy signal on SDS.

well what the H.. I sold the last small position of SDS on the opening today.
But I bought QLD
So it goes, first your money, then your cloths.
mss

[arbman]

Well, I got these signals today, they were getting stronger and probably further run up will not invalidate the signal at this juncture (ST overbought or blow off)...

[ogm]

I don't think there is any particular exhuberance yet. Interestingly put/call has retreated today to more neutral level. And if you look at PVI on decisionpoint, Put buying has picked up significantly. Another attempt to catch the top is in progress.

[arbman]

I agree it might go on more, the price is stretched, that's all...

[Sentient Being]

My way of looking at broader markets showed things as more calm today. But my stop in QQQQ just moved to +12.6%. That's not normal man....it's time for this baby to correct, but it just keeps going up. MMR just busted a nice move today as well. I had expected to get stopped out with a small gain today. Instead my stop just move up again and more than doubled my gain. An overbought stock market that doesn't want to correct. How terrible!

Edited by Sentient Being, 09 October 2007 - 10:14 PM.