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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (63396)	5/12/2006 1:05:10 AM
From: RR	Respond to of 65232

Hi John: I'm out of town on the east coast so I've not spent a whole lot of time looking at the charts this week, just a daily scan to keep on top of things. I'm guessing you are gonna wait a day or two see what materializes. You are getting to know me pretty good. Yes, I'll wait it out. The 60 is just not telling me much, or it's not clear to me anyway, so I look to the daily for some confirmation. The various settings I use cause me to scratch my head. The daily Stoch 12,3,3 is about to turn, not crossed yet, but look at the daily 10,5,3, which is still going up. That makes me want to pause if I were doing a swing trade. Also watch the daily MACD, turning down. Like I said the other day, for whatever reason, for the past few weeks my gut has told me to stay on the sidelines with the swing trades. Patience I tell myself...... Now if I were doing a day trade, geez, we should have bought calls late today and played a bump tomorrow after the down day today.(g) RR

To: Clappy who wrote (63396)	5/12/2006 1:07:44 PM
From: RR	Read Replies (1) \| Respond to of 65232

John: I'm on the run and just took a quick look. The other lines turned down this morning on the SPX we discussed last night. I see lot's of red. Now watch and see on the daily if the stoch starts to turn back up at about the 50-60 mark. If it goes through there, and it might with afternoon selling and the weekend coming up, then I'd look at some puts. Also, right now on the daily it's sitting on the low channel trend line from February, another reason to pause and see if it holds or breaks below it. Gotta run. RR