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at of close today most likely both will be on positive territory
and
at better reading then when sp at 1500?
ben
----- Original Message -----
From: EAdamy
Date: Wednesday, August 22, 2007 11:48 am
Subject: RE: [RT] Time to cover the shorts??
To: realtraders@xxxxxxxxxxxxxxx
> NASDAQ and NYSE Breadth models attached. I think they have yet
> to stabilize,
> however A/D volume has yet to surpass previous highs. Given the
> volatility,I'm not sure they will tell us much in very near term.
>
> Earl
>
> _____
>
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of ben
> Sent: Tuesday, August 21, 2007 7:51 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Cc: panda2222@xxxxxxxxxxxxx; 'Vince Donovan'
> Subject: RE: [RT] Time to cover the shorts??
>
>
>
>
> Do not know if my calculations are correct but
>
> McClellan osc is positive 55 at close today
>
> But the one for volume is still under water?
>
> Looks to me like we are down -7 to -17 on sp tomorrow but close
> up 5-8 on
> sp500
>
> Ben
>
> -----Original Message-----
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of EAdamy
> Sent: Tuesday, August 21, 2007 10:47 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: RE: [RT] Time to cover the shorts??
>
> Market appears to be marking time sideways which suggests it is
> waiting for
> a Fed announcement. I think there will be nothing sustentative
> from the
> Bernanke/Paulson/Dodd meeting as that would likely be seen as
> political.
> I have pulled the orders at 1475 as they are too close to the
> market should
> we get a rate cut.
>
> BTW, error in previous post should have read "lower lows and
> lower highs".
>
> Earl
>
> _____
>
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of Mano Appapillai
> Sent: Monday, August 20, 2007 9:23 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Time to cover the shorts??
>
> Earl
>
> Excellent overview . .
>
> Thanks
>
> mano
>
> ----- Original Message ----
> From: EAdamy
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Monday, August 20, 2007 11:22:37 AM
> Subject: RE: [RT] Time to cover the shorts??
>
> I think your message is to stand aside from position trades at
> this time
> because the stop loss points are far too wide. I agree. My view
> is that we
> have lower lows and higher highs in place and we are now in
> decline. Based
> on this weekend's analysis, I will short a quick run to 1475 (broken
> trendline) and 1487 (confluence of 62% retracement and bottom of
> previousrange). Should we get a higher low with positive
> divergences in volume and
> breadth, I will pull my orders. It is going to be a while before
> I get
> bullish.
>
> There are three sets of data which I have watched very closely
> and which
> have kept me in right market direction.
>
> * Breadth models on NYSE and NASDAQ: A/D issues, A/D
> volume, and
> highs/lows. A/D volume is the single most important of the 3.
>
> * Credit spreads: corporate and high yield spreads to
> treasury yields
> are an excellent measure of investor risk appetite. The recent
> SnP highs
> were made with widening yield spreads. Before I am ready to call
> a bottom, I
> want to see yield spreads narrowing with equities rising.
>
> * VIX: also a measure of risk appetite. I use VIX
> inversely of many
> because I do not consider low VIX as bearish and high VIX as bullish
> (although I consider extreme high VIX as possibly bullish). I
> want to see
> VIX falling as equity indexes are rising. Recently, we had VIX
> rising along
> with the SnP as a bearish divergence. I want to see VIX falling
> with rising
> indexes before I am ready to get bullish.
>
> My general view is that the money in this market is to be made
> on the short
> side as long as one avoids getting in the way of Fed induced rallies.
>
> Earl
>
> _____
>
> From: realtraders@ yahoogroups. com [mailto:realtraders
> @yahoogroups. com]
> On Behalf Of Rakesh Kumaar Sahgal
> Sent: Monday, August 20, 2007 6:38 AM
> To: realtraders@ yahoogroups. com
> Subject: Re: [RT] Time to cover the shorts??
>
> On the basis of EOD charts:
>
> [a] In terms of price correction the rise from 1363 to 1555 has been
> corrected fully.
>
> [b] For me to assume that the fall is going to be prolonged and
> the current
> leg of the downswing has some steam left in it, the recent low
> of 1370 will
> need to be crossed on a closing basis.A close below the 1370 low would
> clearly demonstrate the weakness in the market.The very high
> volatilitylevel and the massive intra-day ranges though cause
> the stop loss levels to
> be too far from the entry point and that is a risk anyone
> entering the
> market at the current time will have to live with.
>
> [c] For me to assume the upswing of the past couple of days is
> tradeable to
> the upside we will need a close above 1445. If one were to enter
> a long
> trade now on the basis of a close above 1445 , the StopLoss
> level I get from
> the method I use is way too far to provide any comfort. So as of
> this moment
> I would avoid a long trade. I would enter a long trade IF I get
> a buy signal
> from my method POST a HIGHER LOW. Such a buy signal would
> inspire confidence
> as [i] it is coming after a vicious correction to the prior up
> move, and
> [ii] there is clear evidence that the low for the moment is in.
>
>
> R
>
>
>
> profitok@xxxxxxxxxx net wrote:
>
> from a close low of 1406 add 3% and you are 42 points
>
> we already reach 1450
>
> using tomorrow up 100 to 125 to short
>
> Ben
>
> ----- Original Message -----
> From: BobsKC
> Date: Thursday, August 16, 2007 2:33 pm
> Subject: Re: [RT] Time to cover the shorts??
> To: realtraders@ yahoogroups. com
>
> > I have just closed my shorts and am now entering some of the
> > beaten
> > down commodity stocks such as TCK which has huge asset to
> > liability
> > balances and a PE of 7. Still, I am holding on to 70% cash.
> >
> > Bob
> >
> > At 10:52 AM 8/16/2007, you wrote:
> > >The way the charts look the current leg of the downside(if
> > there is
> > >more to come that is) does seem more or less done.
> > >
> > >Not a case of hoping against hope but wondering if it is time
> > to
> > >take money off the table in case of standing short positions.
> > >
> > >R
> > >
> > >
> > >
> > >
> > >
> > >Boardwalk for $500? In 2007? Ha!
> > > Play
> > >Monopoly Here and Now (it's updated for today's economy) at
> > Yahoo!
> > >Games.
> >
>
> _____
>
> Boardwalk for $500? In 2007? Ha!
> Play Monopoly Here and Now
> > y=monopolyherenow> (it's updated for today's economy) at Yahoo!
> Games.
>
>
>
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