Replies to post #5597 on The Black Box

[extelecom]

Warpfactor, I'm missing something... You say your indicator says we are oversold and you point to cases where we have had lower readings of the indicator and the next day we were up.
In your last sentence you say the selling has not climaxed yet.
Are you saying we are going up or down?

[michael03332002]

Well, there have to be exceptions to everything and in the future, you will look back on this one and say

" well everytime EXCEPT yada yada"......

and the beat goes on

I too believe there will be a headfake early MON am with some long nibling, then the selling continues, not looking to even scalp a long on MONDAY as will use any bounce to go short w/ a stop at Fridays highs...

any thoughts on this battle plan?

warm up the trumpets, here comes the calvary......


M

[augieboo]

Warp, as you know, my internals-based indicator system is more of a trend follower than an OB/OS gauge, but I'm seeing much the same thing in that the rate of descent of the trend recently is much more abrupt -- i.e., extremely steep for an unusually long distance -- than anything that shows up in recent years.

[JohnVP]

Warpfactor, excellent call.