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Pekelo

Registered: Aug 2005
Posts: 8938

01-02-09 04:35 PM

Quote from Jahajee:

Anyone else bearish?

What's wrong with you people? Didn't I gave you the long term buy signal 2 days ago? Chances of 2 signals failing back to back is pretty low....

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Decel

Registered: Dec 2006
Posts: 697

01-02-09 04:37 PM

Quote from Pekelo:

What's wrong with you people? Didn't I gave you the long term buy signal 2 days ago? Chances of 2 signals failing back to back is pretty low....

I know! Even I'm seeing an ADU!

I'm still expecting a healthy retracement before 2pm, but evidently, will close this position soon if that unicorn doesn't appear...

Edit: Evidently old habits die hard in my case...

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ammo

Registered: Feb 2007
Posts: 18258

01-02-09 04:41 PM

lot of people got caught up here at 917 -18 in mid dec,we should see sellers coming in,uvol dvol chart is a classic adu though

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Jahajee

Registered: May 2006
Posts: 1234

01-02-09 04:42 PM

Quote from Pekelo:

What's wrong with you people? Didn't I gave you the long term buy signal 2 days ago? Chances of 2 signals failing back to back is pretty low....

Yeah, but... how 'long' is long term?
a few days? weeks? MONTHS???

I attribute the 2 signals back to back days to the low range during those lohgt volume days, thus not as strong a signal as in normal trading environment. A big down day will again turn to another short signal --- a big up day after turn it up.... as you know the MACD tends to flatline in low range days (or intra bars) and tend to cross over above and below to much.

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Jahajee

Registered: May 2006
Posts: 1234

01-02-09 04:43 PM

Quote from Jahajee:

Yeah, but... how 'long' is long term?
a few days? weeks? MONTHS???

I attribute the 2 signals back to back days to the low range during those light volume days, thus not as strong a signal as in normal trading environment. A big down day will again turn to another short signal --- a big up day after that wil turn it up again.... as you know the MACD tends to flatline in low range days (or intra bars) and tend to cross over above and below too much.

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Lawrence Chan
DaytradingBias.com

Registered: Sep 2001
Posts: 5560

01-02-09 04:48 PM

Quote from ammo:

lot of people got caught up here at 917 -18 in mid dec,we should see sellers coming in,uvol dvol chart is a classic adu though

Today is not normal ADU. So far external forces is at work.

e.g. beginning of year mutual funds buying, etc.

You do not get $TICK bounce up from +200 whole morning that often.

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