tag:blogger.com,1999:blog-3909505513533980987.post615471633379028023..comments2022-08-01T05:34:44.020-04:00Comments on Trader Craig's Market Edge: Count InvalidatedAnonymoushttp://www.blogger.com/profile/09362814861901777574noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3909505513533980987.post-63406776488978183162009-10-26T18:30:34.506-04:002009-10-26T18:30:34.506-04:00Two small corrections to what i wrote:
1) "A...Two small corrections to what i wrote:<br /><br />1) "And in today's intraday drop which i expected because of the time of the month..." I meant i could see an intraday c wave rally in this time period that would lead to a "collapse".<br /><br />2)"Dollar still hasn't done anything conclusive yet." It did close >20E, but it's done that countless times since June. However, it did have a MACD buy signal. I'm from Missouri (the Show Me State). Whether i'm in KC or StL, i can cross state lines quickly.davenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-37473893711631312242009-10-26T16:45:02.511-04:002009-10-26T16:45:02.511-04:00It was my plan to re-short IWM during the first 3 ...It was my plan to re-short IWM during the first 3 days of this week, which i suspected of being a bullish end-of-month period.<br /><br />Also, it had the look of another upward ending abc. However, it seemed to leave a tad too much time left for devilish bulls during Tues & Weds.<br /><br />Wouldn't be surprised at all to see DJI & SPX bounce strongly tomorrow in a c of 2.<br /><br />Dollar still hasn't done anything conclusive yet. Not saying it won't, but it has won skirmishes before only to trend to NL's.davenoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-14854477565426140972009-10-26T12:28:30.147-04:002009-10-26T12:28:30.147-04:00I think we have been in a correction since mid-Oct...I think we have been in a correction since mid-Oct, not the correction THAT we wanted, but a high level sideways correction. This is confirmed for me by the TRIN 5dma figures.<br /><br />We have gotten very oversold w/o really going anywhere. And in today's intraday drop which i expected because of the time of the month when we dropped we got to a high TRIN figure again very fast. That indicates that everyone has been overanxious to try to sell the mkt dowm.<br /><br />This could turn out to be bears hearing the proverbial train whistle around your cycle date.<br /><br />If these down days were occurring on lower TRIN figures i might feel differently.davenoreply@blogger.com