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TL Trader..looks like you got it.. (eom)
heading up now.. no trade.. "no man's land" IMO (eom)
Q's 15 min chart... "coiling up" .. my guess will break down hard
started the day getting whipsawed..LOL..stopped out BE (eom)
aire.. thanks..
.. just wondering what your typical trade duration is. For example, do you try to go long and short once each within a 5 week ?... or do you just ride the trend until it changes ?
.. I've been day-trading exclusively for the past 4 months or so.. I got tired of the MM 'surprises' in the morning, for no apparent reason. (individual stocks)
.. I apologize for missing your orig post... I tend to pop in and out sometimes.
airedale.. based on your projection
.. are you planning to go long SPY at the 2.5 week low (due in the next 1-3 days ), or are you long from the beginning of the current 12-14 day cycle (an entry of approx 123 or so ) ?
.. just curious.. TIA
jeez Airdale, are you causing trouble again ? *vbg* (eom)
GOOG made new low today (eom )
Cash.. PS think you are exactly right on trading the shorter cycles until this becomes clearer.
Cash.. Here's my thinking on where we are in the shorter cycles
..ties with my analysis of SPX and INDU
Cash.. Here's my thinking on where we are in the shorter cycles
..ties with my analysis of SPX and INDU
[img=http://img173.imageshack.us/img173/2694/ndxda3moxh4.png]
Slinky.. yep.. then a bounce..then down into 12/14 day low
Airedale... this next 5 week is going to be very interesting. we're at about the point where the previous 4.5 year cycle turned downward. My spidey sense is tingling
( translation - not holding any positions overnight )
My guess is that whatever high we hit for the 5-week won't be seen again this year.
Mr. Cash ... nice work ! thanks for sharing (eom)
Airedale..SPX was 7 day right justified
... as I expected GL/GT
Peg.. I love when that happens.. well done
.. I think we're going down tomorrow, also. GL/GT
aire .. looks like ewaves to me (eom)
golfin.. LOL..I'm right behind you (eom)
thanks airedale (eom)
Anyone else's Hurst chronometer / magic decoder ring
.. set to day '6' ?
golfin.. I'm sure that tuesday eod spike in volume (for no apparent reason) is perfectly normal.... LOL !
there's no volume (eom)
... of course, Goog went up about $4 since that post.LOL (eom)
Frank.. just watching
.. notice it's sitting on 11 and 22 week moving average, as well as 11 month moving average. If it breaks downward.... look out below.
GOOG looks ready to break down (eom)
chubbie.. interesting read.. thanks(eom)
the emperor has no clothes (eom)
NDX and SOX hourlys formed a wedge today which should break downward starting in the next few hours (before the close or early Mon.) ... when it breaks, watch out !
SNDK showing a H&S projecting down to $25 area ..
.. I just don't have the guts to short it with earnings reporting on Mon. Bet it hits 25 on Tuesday.
Peg.. I agree, could get ugly
... I'm sitting all cash 'till the smoke clears
... but tempted to short for a pelt or two..
NDX, SOX and RUT have given back all their Bernanke gains..
INDU and SPX have given back half of theirs ...
IMO.. we'll consolidate some here, then go down hard into next week. GL/GT
AMD & BRCM tanking (eom)
perhaps Bernanke should cough and say 'pause' again (eom)
Aire.. yes, the worm has turned (eom)
Airedale - somewhat off topic
.. drove up to the lake house last night and had internet connected about 10 minutes ago...
.. rec'd your e-mail but am unable to send a reply (have to set up a new mailbox for the new cable internet account.)
.. am digging into the charts now
ok sir.. you have my attention
... give me a few minutes to look at the charts you posted.
... BTW.. "alternate view" for Chris ? LOL !
MrT1955 ... this appears to be a bit more than a 2.5 week low
.. doesn't it ?
bet we get a bounce after amateur hour(eom)
so much for those rounded bottoms (eom)
Airedale.. futures way down..
..if this holds into the trading day threatens to invalidate that half-span upturn.
..interesting indeed.