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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (3231)7/9/2002 10:43:39 PM
From: LTK007  Read Replies (1) | Respond to of 30712
 
here was my cop-out answer to very near COMPX direction to another poster <<From strictly TA view of 60-min COMPX chart i must assist by saying it is a "mixed signal" :) Sorry, no clear answer.
The last major turn upwards came at sto K-at 6(rising from 4) and sto D at 6. Right now we have K=8 and D=18 (and both falling). These are Realtime IQCharts measures and one should not expect them to match StockCharts precisely.Max>>
The reason for the cop-out is as you say, this market has been knocking on a breakdown for sometime now, and long side is with real risk, unless doing quick exit trading,imo.. Max



To: Justa Werkenstiff who wrote (3231)7/10/2002 6:53:31 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 30712
 
Mark Young Sentiment.

"Everyone in this market seems to be quick to change positions and also quick to call a low."

traders-talk.com

Plan to put short covering on autopilot on every move down as I will be out today. Would not be surprised if this market decided to screw with the longs and whip them up and spit them out before getting a rally attempt.