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To: At_The_Ask who wrote (66921)2/20/2003 1:26:15 PM
From: NOW  Respond to of 209892
 
well, i posted that HUI, VIX , VXN and treauries and $ are all lined up in the bearish camp.
But sentiment makes me a nervous short.



To: At_The_Ask who wrote (66921)2/20/2003 1:27:47 PM
From: mishedlo  Read Replies (3) | Respond to of 209892
 
How many times we supposed to talk about the same thing when we are in the same range?

Someone (not sure who) was critical of max pain stuff. That is what I know best, and it sure works sometimes doesn't it? QQQ 25 pinned for days. But if no one want to hear that, why should I post it? I do post some stuff cause I know a few like it, but the "pureists" only want to discuss evave/nowiggles. ng

If everything is supposed to be ewave, and no one is supposed to be trading wiggles, and no one is supposed to post a 1 minute chart, and if everything has to be 148% on track, then you will get 5 posts a day, three of them will have differing counts.

I will offer this, since posts were asked for.
Notice how IBM tagged max pain at 80 and immediately pulled back sharp? I think 80 was a good short entry for IBM.

M



To: At_The_Ask who wrote (66921)2/20/2003 1:37:45 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Posts will likely increase when volume does, imo. NDX in a 7 point range for over 3 hours. Not much to comment on there. I have said over and over that I think the easiest path is down, and the market has to prove to me otherwise. It still hasn't. Now when I look at things, it's more individual charts... and they don't offer tons of clarity, nor am I finding lots of great risk:reward setups (though I do note that crowd favorite CFC is having a bad day and may be doing some damage).

But without volume, the market just kinda waits around, slowly going down today, waiting for someone somewhere to DO SOMETHING. Maybe all the max pain shenanigans are finishing up on the QQQ and we can have a sharp move one way or the other by EOD?

the freep