Cheese
1,374 posts
msg #108932
- Ignore Cheese |
11/20/2012 7:29:24 PM
Your thoughts on XLU?
Thank you.
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johnpaulca
12,036 posts
msg #108933
- Ignore johnpaulca |
11/20/2012 7:59:30 PM
Cheese....what's your time frame?
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Cheese
1,374 posts
msg #108934
- Ignore Cheese |
11/20/2012 8:07:52 PM
No particular timeframe.
XLU looks oversold. Some people say that it will continue down no matter how the fiscal cliff is resolved.
Do you think it will reverse and go up?
I am interested in what your new system signals say.
Thanks, JP.
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johnpaulca
12,036 posts
msg #108935
- Ignore johnpaulca |
11/20/2012 8:30:46 PM
XLU.....High Risk.....daily trend is down, the down move was fast and furious causing the indicators to be stretched to the sell side both on the mid and long term, wouldn't touch this...yet. System has buy signal on the 30-min chart can be used for scalping.
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johnpaulca
12,036 posts
msg #108936
- Ignore johnpaulca |
11/20/2012 8:47:07 PM
ALL($40.08)...look for higher prices
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Cheese
1,374 posts
msg #108938
- Ignore Cheese |
11/20/2012 11:26:12 PM
Thank you very much, JP.
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johnpaulca
12,036 posts
msg #108939
- Ignore johnpaulca |
11/20/2012 11:51:30 PM
Cheese.... all my testing on this system was for shorting the market. I'm still working on timing the long. Experience tells me "v" formation are pretty rare as could occur with XLU...glty
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Eman93
4,750 posts
msg #108945
- Ignore Eman93 |
11/21/2012 8:36:29 AM
I am a seller at the 20day
http://stockcharts.com/public/1424685/chartbook/184148782
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Cheese
1,374 posts
msg #108946
- Ignore Cheese |
11/21/2012 8:41:42 AM
Thanks again, JP.
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Eman93
4,750 posts
msg #108951
- Ignore Eman93 |
11/21/2012 10:06:13 AM
STSI over 2 and a gap to fill.... no pos
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