Where is the Dow & others heading in 2005?

[ChowClown]

..nice one C. 6-day cycle, well just from observation really and the fact that i still can't get Delta to lie down and give up 😉. It's not perfect of course, just useful sometimes. Here's a snap from the last few weeks:

 

[FetteredChinos]

ah yes, but how do you spot the inversion and how do you spot a reversal?

all a bit subjective eh? 😉

 

[ChowClown]

....precisely - i'm using this little beauty to help time things intraday atm, i like the divergences shown in the stoch and usually take trades when stoch is rolling over from ob/os levels and MACD flatlines/crosses.

 

[FetteredChinos]

getting close to today's long stochs entry 🙂

 

[FetteredChinos]

HONK HONK


sod it, longs away on the daily futures on Cs..

10816....

 

[ChowClown]

..still on the sidelines, me chicken's entrails suggest hanging on for a better price...

 

[FetteredChinos]

nice, those guts must be working..


had a mild heart attack at the 2nd dip below 10,800. thankfully the actual stochs cross appeared at pretty much the same level.

really shouldnt jump the gun..

slapped wrist FC. naughty FC.

 

[ChowClown]

...indecision bars all over the place, but stage seems set for your BUY day.

 

[ChowClown]

slight +ve divergence now on stoch.

 

[FetteredChinos]

its not my Buy Day..

its written in the stars..

in biro.

 

[FetteredChinos]

10,900 will do me for taking profits and reversing..

 

[ChowClown]

🙂 .....still waiting.

 

[FetteredChinos]

looks like we have the foundation of a 1-2-3 low coming up.


10,830 goes, and we are in business 🙂

 

[User]

Is their a H&S on intraday dow chart? Could we see a further move down?

 

[FetteredChinos]

thats what im getting concerned about.

it is looking like forming a sell day (prices kept near yesterdays high) rather than a buy day..

this would imply sideways action for the rest of today, followed by a "bit" of down on thursday.


cant beat subjective trading can you!

FC

 

[ChowClown]

Long from 818 (CS daily futs).

 

[FetteredChinos]

now why didnt you do that 2 hours ago lol!!!


🙂


did you entrails signal an entry?

 

[ChowClown]

...aye, mess all over the place now. I'll be out and reversing if we see 790 - exit MOC.

 

[FetteredChinos]

looking nasty isnt it..


glad ive stopped taking more than 1 trade per day now..

its much more relaxing watching the market pan out.. if a little tedious..

got college to go to tonight as well.. Business Strategy.

god only knows why i do these poxy exams....

 

[trendie]

...aye, mess all over the place now. I'll be out and reversing if we see 790 - exit MOC.

CC,

these chicken entrails; are they battery or free-range ?

( I am having a day off, NO positions, anywhere. bliss )

I am rooting for both of you guys.