[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: Friday's Direction - follow up



PureBytes Links

Trading Reference Links

And you never step in front of a major news item!

>>> Steve Walker <Steve@xxxxxxxxxxxx> 06/08/00 08:13PM >>>
RealTraders,

Which direction are you trading for tomorrow?  I will be traveling tomorrow...if not, I would have gone short on the Thursday's close.  The CBOE put/call ratio is hanging on a sell signal.  It finished the day at .40 and under .40 is a sell signal.  The last 3 days it has been .40 , .44 and .47.  Three consecutive days under .45 are a sell signal.  Then there is the intermediate trend which I believe is still down.  Finally, my Lizard/Wide Range Extreme Close ratio ( I discussed this indicator a couple of weeks ago) was signalling to go short on the close.  This indicator has been very good of late at calling the opening direction...8 for 9 of the last signals with the trend.  With the report coming out, it should be an exciting day.  Hopefully, profitable as well.

Steve