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Pekelo

Registered: Aug 2005
Posts: 8930

01-02-09 05:10 PM

Quote from Decel:

Why 1 hour delayed?

The first little top occured at 11 am (instead of 10), but probably 90 minutes delay would be more accurate. So far it really doesn't go by the timeline at all, delay or no delay...

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Decel

Registered: Dec 2006
Posts: 697

01-02-09 05:11 PM

Quote from Pekelo:

The first little top occured at 11 am (instead of 10), but probably 90 minutes delay would be more accurate. So far it really doesn't go by the timeline at all, delay or no delay...

Eh, I thought a 10am was the low point

I expected 910 at least when I went short, now I just don't know...

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Zodiac4u

Registered: Feb 2006
Posts: 319

01-02-09 05:20 PM

Quote from Pekelo:

I know. Except when it doesn't....

The 10:30 crew is a rule for some and too vague for others.
But if you combine it with reports, pivots or even weak or strong momentum it reinforces the idea that it actually works.

So it did work today!

Meta stock puts out a decent momentum indicator program. If you used its current settings it would have shown you that the 10:30 momentum readings on the 1mn and 5mn were pointing up.

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Lawrence Chan
DaytradingBias.com

Registered: Sep 2001
Posts: 5558

01-02-09 05:30 PM

One thing to keep in mind is that beginning of year many fund have to adjust their portfolios.

Thus the buying we see so far today. MMs would not lower their offer as they stick their necks out last year holding onto their inventories for this.

When that ends, normal mkt action will resume.

Edit: When will this end? I don't know. Where will it stop (target price)? I don't know either. Bears - sorry can't help

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Pekelo

Registered: Aug 2005
Posts: 8930

01-02-09 05:42 PM

Quote from Zodiac4u:

So it did work today!

Hey dude, whatever you want to believe in, let's listen to some Talking Heads!:

Facts are simple and facts are straight
Facts are lazy and facts are late
Facts all come with points of view
Facts dont do what I want them to

Here is a diagram for shortsellers how to avoid being gored by the bull:

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Decel

Registered: Dec 2006
Posts: 697

01-02-09 05:48 PM

Quote from Decel:

Short 913.25...

Stop @920.25, or else I'll regret it even more....

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