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


To: SGJ who wrote (30540)2/12/2005 9:51:31 AM
From: orkrious  Read Replies (1) | Respond to of 30712
 
did you post the chart there that you wanted?



To: SGJ who wrote (30540)2/12/2005 10:04:26 AM
From: orkrious  Read Replies (1) | Respond to of 30712
 
I don't remember how close Jeff thought you had to get to the 50 line to consider it a "touch." And I'm not so sure the daily is as important as the weekly, which is also at somewhat of a juncture here.

Both the fast and slow can DB here, and the full can AV

stockcharts.com[h,a]waclynay[pb9!b13!b20!b50!b100!b150!b200!h.02,.20!f][iUb14!Lp14,3,3!Li10,10!Lh5,5!Le5,10,1!La8,17,9!Ll14]&pref=G



To: SGJ who wrote (30540)2/15/2005 4:49:36 PM
From: SGJ  Read Replies (1) | Respond to of 30712
 
SAR HIT on COMP today.



To: SGJ who wrote (30540)3/23/2005 6:39:50 PM
From: SGJ  Read Replies (1) | Respond to of 30712
 
Well that Monday was up and the COMP did go on to reach 2100 on 3/7, but thats as far as that projection went. Since then we have been down in a very ugly way. No weekly full A/V. No help from the Bradley turn and no new high.....yet.

Oh well, a few hundred bucks in QQQQ April call options appear to be in jeopardy. Fortunately I sold some on the way up, so no real loss. I should have stayed with my original analysis and waited for the 1970 level that is probably now going to be hit. The COMP is operating now under, if not D/B's on the weekly Fast and Slow STO's, its missing a dang good chance. Nowhere near a Full D/B though. That one just says flat out oversold.
Monthly we have no indicator, so no trend reversal there yet. You could still make the case we are operating under a Full STO A/V.
So bearish for the short, short term, but all the Daily indicators are scraping bottom now, indicating oversold and a bounce due soon. Long term still bullish.