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"SD"...actually, I'm looking for a bounce tomorrow too. if the swing
low gets confirmed, we could definitely see some up action for a few
days...and I will be buying those march puts. if I'm wrong, I'll
bail. I wasn't really disagreeing with the sentiment picture...my gut
feeling is just that it is bullish for the short-term and, perhaps,
prophetic for a more intermediate time frame. while a decline may
only be 150-200 ndx pts, I DO think it's coming...again, we'll see.
V
--- In realtraders@xxxxxxxxxxxxxxx, "BobR" <bobrabcd@xxxx> wrote:
> Will it be a contrarian signal right now? The cliche is sentiment
preceeds price and for two days now the dollars going into put volume
is at price bottoming levels, at least for a 3 to 5 day upswing.
Even on Monday the NDX and NASDAQ
> UVOL/(UVOL+DVOL) was higher than on Friday, but with a lower low on
the NDX giving a one day divergence at the tip toe line of 972.34.
The NDXcone chart shows a pitchfork line at 970 on Tuesday and a
green probability level at the same price. So for Tuesday the tiptoe
line will probably be breached a bit and then if the uvol dvol
percent is not agreeing, then the NDX may have survived another
minefield for a short while and respond with a move back above the
line. If it plunges through, then the line will become resistance
and DOM can buy his puts on the rebound. Its just that a lot of
qualifiers for an upswing for Tuesday have been met.
>
> bobr
>
> ----- Original Message -----
> From: theGIRLisherenow <thegirlisherenow@xxxx>
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Monday, January 27, 2003 8:03 PM
> Subject: Re: [RT] NDX_60m
>
>
> hey bobr!...yes, but WILL it be a contrarian signal right now, or
the
> rumble before panic selling sets in? I could be very wrong in my
> projection of an impending decline...however, major cycles are
> turned/turning down, with only the 15-day seen as bullish and
that
> may still give us a little bounce before february...just don't
know
> if it will be anything that will make merlin fall off his
chair.<g>
>
> I honestly think we have another trip to oct lows/or even lower
> before we see an explosive rally...perhaps one that will make a
> lot of folks think the bear mkt is over. I think it's coming for
> sure, but not for a few months. one extremely significant breach
(in
> my book) came today...we broke below the quarterly waist on
murrey
> math.
>
> anyway, we'll all find out soon enough, yes? (btw, thanks for the
> charts earlier today!)
>
> your friend.....V
>
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, "BobR" <bobrabcd@xxxx> wrote:
> > Speaking of October, my sentiment stuff has already reached
that
> seen at the October lows. Its a screaming buy here from that
> standpoint.
> >
> > bobr
> >
> > -----Original Message-----
> > From: Dom Perrino [mailto:acutimer@x...]
> > Sent: Monday, January 27, 2003 8:30 PM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: Re: [RT] NDX_60m
> >
> >
> > Forgot to mention that the outcome, even if we have short
term
> rally, will be to the downside Below the lows of last Oct.
> > Dom
>
>
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