johnpaulca
12,036 posts
msg #93695
- Ignore johnpaulca |
6/10/2010 3:22:37 PM
Too early to tell, an open and close above wma21 would be a good start for me.
Here is a piece I read today:
Thursday begins the June to September rollover in earnest. Thursday will mark the first day that September is the "top step" or more commonly known as the "front month." Expect both the June and September contracts to have light volume in each, as traders are clearly up positions in June and just opening them in September. In other words, volume will be split in half.
Wednesday's early report showed that without the free government cheese for housing, mortgage applications continue to fall. This is the natural order of things after such a ridiculous level of malinvestment in housing and the government is only wasting YOUR MONEY by trying to prop up this sector. To believe otherwise is folly.
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johnpaulca
12,036 posts
msg #93699
- Ignore johnpaulca |
6/10/2010 7:28:23 PM
There are four phases of day-trading.
The opening fade, the 9:30 reversal, the lunch break and the 1 pm professional period.
The opening fade is the most reliable of the 4 day trade periods.
Look for the fade to
1. Make a 3-5 day high on the daily charts.
2. Hit some key level on the daily charts (ie 10, 20, 50, 100, or 200 day MA).
3. Hit a swing high intraday.
4. Hit a pivot point intraday.
You will be surprised how often these signals occur at the same time.
Source: Market Direction
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johnpaulca
12,036 posts
msg #93711
- Ignore johnpaulca |
6/11/2010 8:41:46 AM
$DJI....we could have a buy signal today.
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Eman93
4,750 posts
msg #93712
- Ignore Eman93 |
6/11/2010 8:42:18 AM
Long some TZA at 7.50 stop at 7.45
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Eman93
4,750 posts
msg #93713
- Ignore Eman93 |
6/11/2010 8:48:49 AM
Edit that I thought the picot was 7.48 its 7.45 so will buy a bit more at 7.45 with a stop at 7.40
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Eman93
4,750 posts
msg #93720
- Ignore Eman93 |
6/11/2010 10:01:33 AM
sold TZA at 7.49 did not re buy yet
we ripped through rut 640 wait for a re test to go long?
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Eman93
4,750 posts
msg #93721
- Ignore Eman93 |
6/11/2010 10:20:55 AM
we filled that gap..... I expected a a bit more of a drop to RUT 630 then fill the gap....
A retest at RUT 640 and will pick up some longs.
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johnpaulca
12,036 posts
msg #93722
- Ignore johnpaulca |
6/11/2010 10:24:47 AM
I'm looking for DJI close above lower BB(200,0.45) on the 60-min chart.
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Eman93
4,750 posts
msg #93725
- Ignore Eman93 |
6/11/2010 11:13:49 AM
Long some IWM at 64.05
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Eman93
4,750 posts
msg #93727
- Ignore Eman93 |
6/11/2010 11:46:55 AM
In some sso at 35.65
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