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Old Apr 23rd, 2012, 02:30 PM   #13
keeptradin'
 
 
Join Date: Feb 2004
Posts: 1,419
Any ideas what is driving this spike up?? Short-squeeze??

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Old Apr 23rd, 2012, 02:44 PM   #14
RangeTrader
 
 
Join Date: Mar 2012
Posts: 705
Well... The market internals are pushing.

I sure ain't shorting nothing until gap fill. :/ Either that or a downtrend... Or a drop in the tick average back to the neutral area.

You can see my most recent trade setup on this chart.
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File Type: png finally.png (51.1 KB, 48 views)
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Old Apr 23rd, 2012, 02:48 PM   #15
blowingup2012
 
 
Join Date: Mar 2012
Posts: 251
I am short once again. Just cashed out from 1354 looking for new low on the day.
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Old Apr 23rd, 2012, 02:57 PM   #16
RangeTrader
 
 
Join Date: Mar 2012
Posts: 705
Quote:
Quote from blowingup2012:

I am short once again. Just cashed out from 1354 looking for new low on the day.
Curious, what level did you short? If you shorted 1363-4 you may have nailed it perfectly.

There was a giant "potential reversal" signal there in the shorter term, but in the larger picture there is a divergence forming up. See attached.
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File Type: png not-sure.png (59.8 KB, 38 views)
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Old Apr 23rd, 2012, 03:15 PM   #17
RangeTrader
 
 
Join Date: Mar 2012
Posts: 705
Nah, not touching any shorts anywhere today here. Bid is still too strong. Can't short by my rules until at least gap fill at 1368(50% retrace), and I don't trade the last 30 minutes so it's too late.

Cyall latez...
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File Type: png internals-strong.png (52.0 KB, 37 views)
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Old Apr 23rd, 2012, 05:07 PM   #18
tenthousandmen
 
 
Join Date: Dec 2011
Location: Silicon Valley California, St. Petersberg Florida, Sydney Austrailia
Posts: 728
Quote:
Quote from RangeTrader:

Curious, what level did you short? If you shorted 1363-4 you may have nailed it perfectly.

There was a giant "potential reversal" signal there in the shorter term, but in the larger picture there is a divergence forming up. See attached.
newbie, this dipshit blowingup has never made a profit. go read her first post, she promised to never post again after sharing her tax write off.
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