Rockhead Posted February 18, 2003 Report Share Posted February 18, 2003 1 minute QQQ....26.17 is wave top. Link to comment Share on other sites More sharing options...
Rockhead Posted February 18, 2003 Report Share Posted February 18, 2003 Here's the accompanying 1 minute QQQ chart If you played the 1 minute QQQs, you had a nice .12 trade, you just took profits at the wave top and are now waiting till we hit the wave bottom again. The 5 minute QQQ accuumlation never went negative...it was a true case of buying the dip. The 1 minute QQQ accumulation has now turned down off the zero line right at the wave top, but we dont short this because the next larger wave (5 minute is still up). Always trade in direction of your period and the next larger period trend. Link to comment Share on other sites More sharing options...
richmtn Posted February 18, 2003 Report Share Posted February 18, 2003 The US Dollar Link to comment Share on other sites More sharing options...
GregFokker Posted February 18, 2003 Report Share Posted February 18, 2003 FVX back down at its low of the day. Link to comment Share on other sites More sharing options...
strikerm3 Posted February 18, 2003 Report Share Posted February 18, 2003 bullish macd crossover? http://www.saavycharts.info/ Link to comment Share on other sites More sharing options...
richmtn Posted February 18, 2003 Report Share Posted February 18, 2003 FVX back down at its low of the day. Yep the bond boyz are not buying this stock rally or maybe all of Al's easy money is going into equities until he wants it back. Link to comment Share on other sites More sharing options...
fxfox Posted February 18, 2003 Report Share Posted February 18, 2003 USD/JPY is down heavily today. Japanese do repatriate. That means they sell T-Bonds. Maybe that expalins the heavy difference between S&P perfomance and bonds. Dollar index is only up a bit because euro, gbp and chf are down, but yen is heavily up. Link to comment Share on other sites More sharing options...
GregFokker Posted February 18, 2003 Report Share Posted February 18, 2003 TNX goes neg, FVX near lod at +.9 bps. Big divergence between COMPX and bonds. Link to comment Share on other sites More sharing options...
richmtn Posted February 18, 2003 Report Share Posted February 18, 2003 USD/JPY is down heavily today. Japanese do repatriate. That means they sell T-Bonds. Maybe that expalins the heavy difference between S&P perfomance and bonds. Dollar index is only up a bit because euro, gbp and chf are down, but yen is heavily up. FX maybe I misunderstood you but bonds are not being sold today. Bonds are hanging in strong in the face of stock gains. Link to comment Share on other sites More sharing options...
Rockhead Posted February 18, 2003 Report Share Posted February 18, 2003 QQQ, 1 mintue and 5 minute. Still heading up. Nothings changed. Buy the 1 minute wave bottom and sell the wave top. Link to comment Share on other sites More sharing options...
GregFokker Posted February 18, 2003 Report Share Posted February 18, 2003 Rich, are you tracking the 10-13 wk cycle? Link to comment Share on other sites More sharing options...
Rockhead Posted February 18, 2003 Report Share Posted February 18, 2003 QQQ, 1 minute Fast drop to 25.09 which is wave bottom. Time to find out if we continue to sink and start down or its justa another dip. This is the reason why we buy the botoms and sell the tops in an up wave....our stops are just below the bottoms and make for low risk trades. If it moves against us, we are out with a minimal loss and comish charge. The 5 minute accumulation has gone negative...this could stay down this time. Link to comment Share on other sites More sharing options...
Rockhead Posted February 18, 2003 Report Share Posted February 18, 2003 QQQ 1 minute wave is now down. 25.11 is the top and 25.01 is the bottom. Link to comment Share on other sites More sharing options...
richmtn Posted February 18, 2003 Report Share Posted February 18, 2003 Rich, are you tracking the 10-13 wk cycle? Oui. So is Doc and I defer to him. If you want my opinion it's got several more weeks to go. I'm sitting on my positions and I just added to my Rydex in my retirement account. Link to comment Share on other sites More sharing options...
GregFokker Posted February 18, 2003 Report Share Posted February 18, 2003 WHich ozzie settings are you viewing it on? Link to comment Share on other sites More sharing options...
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