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Pastimes : CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT.

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To: IndexTrader who wrote (120)5/22/2000 2:42:00 PM
From: coug   of 306
 
Hi Susan,

Yes, Thank you, I have been very well. And I hope the same for you.

Since my little exchange with Tom one week ago, I have been on a sell signal for my hourly directional work.. Currently we are deeply over sold and sitting on indictor support for the the beta, vix and volume relationship. I will not declare a long signal until everything in unision turns up.. which they just did at 11:30 am pdt.. But I am very wary against this fundamental backdrop.. So I will not do anything rash to the long side.. maybe watch the rest of the day.. and dip my toe in the morning with a mini if I get a continuation buy after a retest of todays low..

The first "roll up" after a good hit like last weeks usually requires a retest of the crossover..especially in this "EXTREMELY NON BULLISH environment.. So that's my plan for now.... EDIT, ACTUALLY a VOLUME reversal has not occurred yet.. maybe the next hour ...or first thing in the morning..

Thank you for the link..

good luck in your direction, whatever it may be...

m
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