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50/50
 

Registered: Jun 2012
Posts: 109

 

06-11-12 11:15 PM

I looked at the ACD but couldn't make it work for me. How do you weed out all the false signals?

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Shanb
 

Registered: Jun 2011
Posts: 1107

 

06-11-12 11:17 PM

Despite the craziness in this market there are still some setups with follow through. Check out X from last friday. failed monthly aup to a down in three days. Down over 14% from thursdays failed monthly Aup!

I was taking this one short on Friday, but considering the weekend events i did not. X couldnt rally at all on friday with the market and ended up gapping up a bit today and they proceded to kill it all day. New lows on the year

6-11-x.png
This has been downloaded 52 time(s).

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kinggyppo
 

Registered: May 2006
Posts: 5837

 

06-12-12 01:03 AM


Quote from Shanb:

What strategies do you like in this tape...personally i like buying low and selling high haha



me too, I thought today was tough sledding based on the tape, I suppose
if you shorted from the globex open and held short you did well. I think there are some good bargains out there, funny how europe matters again.

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Maverick74
 

Registered: Mar 2002
Posts: 17332

 

06-12-12 01:14 AM


Quote from kinggyppo:

I suppose if you shorted from the globex open and held short you did well.



Only if you think making 40 handles in the spoos or 400 pts in the Dow is doing well. Whatever floats your boat...

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Shanb
 

Registered: Jun 2011
Posts: 1107

 

06-12-12 01:59 PM

Here's the Q&A from the thursday's fast money...watch me at around 7:30ish

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Shanb
 

Registered: Jun 2011
Posts: 1107

 

06-12-12 02:05 PM


Quote from Shanb:

Here's the Q&A from the thursday's fast money...watch me at around 7:30ish



http://video.cnbc.com/gallery/?video=3000094637&play=1

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