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cannabis

03/10/04 11:36 AM

#215732 RE: Zeev Hed #215727

When rsi overbought(80s-90s on the 1 min) the play is short.When ELX tagged that rsi 80s(@23.50s) it was most definitely a short.Only time playing the daily rsi 1 min is useless,is on uptrend or downtrend days.I'll see half a dozen 20s or 80s and they just keep going in one direction.As for my obsession with prices and numbers,QQQs were making higher lows off the lod,but if it broke thru 35.90 it would be a lower high,hence the dip.Not very scientific,but it makes me money.<g>Sorry about the long post,you could have made ten trades by now.<g>
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Train Guy

03/10/04 11:43 AM

#215737 RE: Zeev Hed #215727

I think that was somebody elses trade he was asking about. TRIN now moved up into 1.40's. TRINQ if I believe it, up to .70's. INTC knocking on $28 again. IBM trying to do a bounce off a LOD it just hit. Bit of volume on the bid on the ES. They were trying to defend 1138.50, but it gave way. Can they hold 1138.00. YHOO eyeing new LOD. YHOO drops under $43. They retake 1138.75. but quickly give it back. TRIN inching higher. Big drop in the futures as 1138.00 gives. And a jam comes into try and hold the damage. Retake 1138.00. TRINQ now in .90's.

Watching the futures gives the markets a different feel. Jammed them all the way back to 1138,.50, but volume is sitting there. Boy that was interesting. Keep falling back, and as soon as 1138.00 gave, we hit 1137.50, but then they threw volume at it to retake 1138.00. They're slowly losing the battle though.