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Pastimes : CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT. -- Ignore unavailable to you. Want to Upgrade?


To: IndexTrader who wrote (120)5/22/2000 2:42:00 PM
From: coug  Respond to 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



To: IndexTrader who wrote (120)5/23/2000 10:44:00 AM
From: coug  Read Replies (1) | Respond to of 306
 
Hi Susan,

Needless to say my volume reversal never occurred in the last hours yesterday or the first hour today.. So never even got the first buy today... looking ahead, the up/down
volume has to improve mighty fast,, within hours, or my other stuff will roll over.. and I will be back to the sell side..and I doubt that we will get that type of action in today's environment.

I have learned that everything has to happen together or they are usually false signals.. for any kind of position trade. Scalping sometimes works with two out of three..

good luck..c