alf44 2,025 posts msg #93144 - Ignore alf44 modified |
5/25/2010 9:25:35 PM
"Cheeses K. Reist !!!"
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Today was a "potentially" ... HUGE ... "ODR UP day !!!"
Of course, this here filter is doing it's thing and ... ALERTING ... ALL who choose to "SEE" !!!
After the morning swoon ... we bounced right off the Feb. LOWS (around 1045ish on the S&P) ... and finished fairly strong at the Close !
Result being ... we printed "up ODRs" in ALL the Major Market ETFs as well as many/most individual stocks !!!
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ODRs ... like those printed today should NOT be ignored !!! (FYI)
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* BUT ... BUT ... understand this ... the short to medium term trend is still DOWN !!!
The Major Indexes are still trading BELOW their 30 week EMAs !!!
I won't even get into what I see WRT the (somewhat BEARISH) ... Ichimoku Charts !!!
ANY LONG trades taken in here ... should be considered "short-term counter trend trades" ... played with xtreme caution !!! imo
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Uhhh ... 950 ... on the S&P is ... for ME at least ... still PROBABLE !!! (write it on a post-it note !)
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Nevertheless ... tomorrow should / could be interesting.
We shall see !!!
GLTY !!!
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alf44 2,025 posts msg #93147 - Ignore alf44 modified |
5/25/2010 10:31:01 PM
...................................... Weeeee !!!
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alf44 2,025 posts msg #93176 - Ignore alf44 modified |
5/26/2010 8:01:58 PM
......................................Is That ALL Ya Got, Toro ???
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alf44 2,025 posts msg #93180 - Ignore alf44 modified |
5/26/2010 9:33:49 PM
.......Hey Rocky ... Watch Me Pull A BULL Out Of My Hat !
....................................Ooooops ... Wrong Hat !!!
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alf44 2,025 posts msg #93220 - Ignore alf44 modified |
5/27/2010 9:09:37 PM
...well, the BULLS showed up today !
I regret anything I might have said to piss them off !!!
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The "up ODRs" ... that printed Tuesday (and that were highlighted here in a previous post) proved to be noteworthy indeed !
I said they should not be ignored ... and today's action illustrated WHY !!!
This "filter" has once again clearly shown it's value and done as "advertised" ... that is ... marked a significant "swing pivot" !
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No question ... the BULLS showed some strength today ... as well as ... Tuesday and Wednesday ... BUT ... can they keep it up ?
As mildly impressive as it was ... I must say ... I AM SKEPTICAL !!!
Nevertheless ... I will give them their due ... FOR NOW !!!
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alf44 2,025 posts msg #93677 - Ignore alf44 |
6/9/2010 10:17:23 PM
...well...I haven't updated this thread in some days !!!
Alas ... it has become redundant stating how RIGHT I have been on this selloff !!!
Suffice it to say ... I have profited HANDSOMELY !!!
YAWN !!!
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richo 74 posts msg #93708 - Ignore richo |
6/11/2010 6:11:59 AM
How would I write a bottoming and topping tail for stocks and indexes separately? Do you use other indicators to bolster/confirm reversals? I am most interested in the S&P500 and established boring divi stocks.
Thanks so much
Rich
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alf44 2,025 posts msg #94431 - Ignore alf44 modified |
6/29/2010 5:55:16 PM
NEXT STOP ... $SPX 1020 !!! Then ... uhhh ... LOWER !!!
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alf44 2,025 posts msg #94436 - Ignore alf44 modified |
6/29/2010 10:53:33 PM
FWIW ... S&P 950 ... STILL very much in the cards !!! imo
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1040 ... 1020 ... 980 ... 950 !!!
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So It Is Written ... So It Shall Be Done !!!
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alf44 2,025 posts msg #94455 - Ignore alf44 modified |
6/30/2010 9:37:38 PM
............................SHORT !!!
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