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Old Jan 2nd, 2009, 11:35 AM   #43
Pekelo
 
 
Join Date: Aug 2005
Location: Your heart and mind
Posts: 9,686
Quote:
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....
 
Old Jan 2nd, 2009, 11:37 AM   #44
Decel
 
 
Join Date: Dec 2006
Posts: 697
Quote:
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...
 
Old Jan 2nd, 2009, 11:41 AM   #45
ammo
 
 
Join Date: Feb 2007
Location: chicago
Posts: 20,380
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
 
Old Jan 2nd, 2009, 11:42 AM   #46
Jahajee
 
 
Join Date: May 2006
Posts: 1,234
Quote:
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.
 
Old Jan 2nd, 2009, 11:43 AM   #47
Jahajee
 
 
Join Date: May 2006
Posts: 1,234
Quote:
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.
 
Old Jan 2nd, 2009, 11:48 AM   #48
Lawrence Chan
 
 
Join Date: Sep 2001
Location: Toronto, Canada
Posts: 5,702
Quote:
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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