To: Berney who wrote (6499 ) 8/6/1999 12:51:00 AM From: MonsieurGonzo Read Replies (1) | Respond to
Berney:" charts chat-N-chew "What is interesting to me is that you show the OEX 200 EMA at 640, while I show it at about 624. That is a significant difference... upon confirmation which means, "prices do reverse and go up thereafter" :-/ Thing is, tomorrow could be down , without violating the hammer = reversal sentiment.after a hammer to go below the body of the hammer's head - for the OEX, that would be today's OPEN around ~675 . But often they are still valid so long as their LOW isn't violated - in this case, ~665 , as in some kinda "double bottom" test.Thursdays kinda tricky ! dip for any investor, IMHO, representing about an -8% decline from OEX ~730; as I said, I would have preferred to invest more $$$ into CORE stox below OEX ~655 = -10% with the wind of the 200d EMA at my back ! My personal account is in T with you. I'll feel more comfortable when we close above $51. In any case, I don't see myself in it for more than 3 more days, and probably less... Turtle ! entry then it's all a matter of exit . I have a 2x size position @ 50-13/16 net break-even (after commissions). I want to sell 1x position at 52.25~53, where the 200d EMA and 14d EMA are on my chart. I want to sell the other 1x position at 54.125~54.75, where there is a little gap and also where the 50d EMA is at.F ; ie., 200s BID x 20,000s ASK, over and over and over - screw it, gimme a bone up and I'm happy out @ 51-13/16 (^_^)teenies :-))
