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


To: ajtj99 who wrote (23643)1/10/2003 9:44:55 PM
From: ajtj99  Respond to of 30712
 
It's a good idea not to be short or stay long until the daily ADX D- goes to -15 or so, as shown by this chart:

stockcharts.com[h,a]daclyyay[db][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

Currently at about 18



To: ajtj99 who wrote (23643)1/10/2003 9:47:19 PM
From: augieboo  Read Replies (1) | Respond to of 30712
 
Dood, I'll post some charts in a little while, but I just want to comment that I'm looking over the NDX and I'm seeing a strong upward bias across the time-frames.



To: ajtj99 who wrote (23643)1/10/2003 11:01:50 PM
From: Win-Lose-Draw  Respond to of 30712
 
If there is a flat to neutral open Monday, it should be bought

i'm staying cash, but if i was forced to bet i'd bet you are right. and that tuesday is up as well.

that would put us even further above max pain and give a 4WC short signal going into tuesday evening's INTC earnings. of the Tech Triumvirate, it was only INTC that temporarily derailed October's Bear rape-fest.

with both MSFT and IBM reporting on the same day - !! - things are positioned beautifully for a two-day headfake right back to under maxpain and then an enormous BAM! to the upside.

so basically, i'm flat, will go short for a (very) quick trade if we are either (a) green through tuesday or (b) QQQ crosses 28. if this happens, i find it difficult to imagine i'd still be short going into a combined IBM-MSFT earnings night.

if the short presents itself and pays of fat, i might be tempted to straddle using back-month OTMs, but at that point we're talking a 3rd-order hypothetical. -vbg-