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Re: [RT] bearish divergence



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I do not day trade too,
my position is always  closed or not closed at end of day,
I also trade with stops,
at  12 noon  or earlier we hade the divergence,
and I was alerted to close the positions I had,
but when it was not materialized, (when we did get the price confirmation, I stayed long and moved my stops higher,)
as  of the close , looks like we will make a higher high tomorrow and certainly close lower on NASDAQ,
Ben
----- Original Message -----
From: RB
Sent: Thursday, April 07, 2005 8:11 PM
Subject: Re: [RT] bearish divergence

 Over 2 hours ago you bailed out of longs.
 So how can you now, stay long?   Do you mean you are getting back long?
 Please explain.
 Sorry I don't understand.  I don't day trade.
 
----- Original Message -----
From: Ben
Sent: Friday, April 08, 2005 3:34 PM
Subject: Re: [RT] bearish divergence

the divergence is gone, we took out wensdays highs
(staying long)
----- Original Message -----
Sent: Thursday, April 07, 2005 1:46 PM
Subject: Re: [RT] bearish divergence

Thursday afternoons are very often bearish according to George Angell's composite work.
 
 
Sent: Thursday, April 07, 2005 1:07 PM
Subject: Re: [RT] bearish divergence

how about this:
crude hi  today was 56.85
the low was 54.35
the last was 54.55
this has all the makings of a key reversal day in crude, heading down...
I'd say this should lead to higher markets??
what about bullish April seasonality?
ditto
markets heading higher, tick at failry high levels today, pullback to
1190 SPX maybe, then higher, at least to SPX 1200 first target


--- Ben <profitok@xxxxxxxxxxxxx> wrote:
> the Dow made a higher hi than yesterday
> Both sp500 and NASDAQ failed  to do so
>
> I am bailing out of my longs on stocks and funds
> Ben
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