Runner's Rascals

[spikefader]

NB,
Only problem I see is all your stochs are against a short. I do like the S/R logic though, and the chart looks good. But I also see this (added to my bullish bias)

[New-born baby]

Spike QQQQ

Spike,
Contra to your viewpoint, I am bearish on the market, and the QQQQs, well, bearish on them as well. Yes, my STOs are all lined up for an entry, as you point out. But I see that the QQQQs could not take out resistance today. I see a target for the Qs down to about $36.24 or so (the next support).

How can the QQQQs be bullish when DELL is taking more than a $1.20 hit, with the chart telling us that DELL has more to fall? Add in INTL and CSCO and MSFT and I see big trouble for QQQQ and the NASDAQ.

Sorry, but I am quite bearish still.

As for the STOs, have come to realize that STOs are great when you want to identify a new uptrend on an already uptrending stock/market. On a downtrending one, the STOs can wallow in the filth a long time.

[spikefader]

....how can the QQQQs be bullish when DELL is taking more than a $1.20 hit, with the chart telling us that DELL has more to fall?

DELL is coming off a weekly channel long remember. Today filled the gap, made inverted SHS, neckline break near 32.00, and is getting itself all impulsive-like. Actually as I speak it's doing a 'c' and 32.15 is a tempting buy.

To your questions on DELL and others, DELL and others can still fall and the Qs stay relatively strong, which is what has happened lately. DELL has diverged from the Qs. MSFT is still above its intraday pivot and probably due for some bounce on the daily. INTL is at daily support levels and coming off a channel long yesterday. It's above it's R2 today and holding, with no pattern for intraday top yet. And the broader market has outperformed CSCO for over a year. I think any weakness today and tomorrow is a buying opportunity. Even with intraday Qs supports giving it up, and INDU searching lower, I think this is a good time to be buying weakness.

I need to see those market channel longs fail before I take my bull suit off.

[Runner]

Well someone is going to be right. I bet we find out soon!!

[Runner]

NB,
Only problem I see is all your stochs are against a short. I do like the S/R logic though, and the chart looks good. But I also see this (added to my bullish bias)

Spike, are you Bull Q's? If so what is your target? I was thinking todays action on a daily put in a tweezer off a bear flag? Only 1 cent off the highs last 2 days..

[Runner]

OK my signals on the Q’s are based off the close. At this time I’m seeing the possibility of a change in direction. With my signal the Q’s go up when my signal drops. Notice here that the Q’s are trying to change. The indicator is trying to hook down. Now having said this realize this is new and I’ll learn more as I go.

I still have not recieved confirmation, but very interesting!

[spikefader]

Spike, are you Bull Q's? If so what is your target? I was thinking todays action on a daily put in a tweezer off a bear flag? Only 1 cent off the highs last 2 days..

Maybe you are right with that tweezer on the daily. Intraday candles don't support it well, but hey who says that needs to happen. I didn't really like the way the Qs finished the day. Vector is bullish still, and I interpret a a weak day with bullish Vector as a buying opportunity. I stopped out of my Dow swing this afternoon and it's still falling after hours. I'll look for another position tomorrow.

For Qs, I'm bullish from yesterday's inverted SHS neckline break entry of 38.00ish, with a tiny 0.5% risk stop under yesterday's lod. While today's action was choppy and bearish broadening in nature, while Vector is bullish, the Qs long entry y/day is valid. The stop of 37.80 is there, so if it gets hit, I'm a sleeping bull until another entry presents itself while V is bullish, or if action is such tomorrow that V turns bearish, then I'll go to sleep again as a bull. At worst, 0.5% risk on a Qs long is not much to risk and really is the valid play to be taking. And for NB and bears on Qs, today's double top resistance was the place to short it. So right now, we're in bull/bear nomans land and it's going to come down to overnight action, news, and the morning bulls/bear fight. Gotta love the battle. The trick to becoming champion is whoever gets the smaller scars. Ya gotta avoid that artery gash that will cause you to bleed to death hehe

Oh, and I'd be targeting Qs for about 40.60, so that's 7% upside, 0.5% downside; r/r of 13.6 ain't shabby.

[Runner]

Hey that makes sense Spike, your plan. I’m sidelining right now and I did not take Q’s short off 38.22. Would have been a play, but I don’t like the action happening in the markets in general. I’m getting mixed signals and nothing wrong with staying off the ball field until the sun comes back out or the rain begins to poor. This cloudy weather often leads to cloudy judgement at least for me. In fact I shut the thing off today and only looked at the close. I had a hard time figuring out that I don’t need to be in the market all the time. I think this has helped my account out!!

[New-born baby]

Suicide Charge!

Maybe you are right with that tweezer on the daily. Intraday candles don't support it well, but hey who says that needs to happen. I didn't really like the way the Qs finished the day. Vector is bullish still, and I interpret a a weak day with bullish Vector as a buying opportunity. I stopped out of my Dow swing this afternoon and it's still falling after hours. I'll look for another position tomorrow.

For Qs, I'm bullish from yesterday's inverted SHS neckline break entry of 38.00ish, with a tiny 0.5% risk stop under yesterday's lod. While today's action was choppy and bearish broadening in nature, while Vector is bullish, the Qs long entry y/day is valid. The stop of 37.80 is there, so if it gets hit, I'm a sleeping bull until another entry presents itself while V is bullish, or if action is such tomorrow that V turns bearish, then I'll go to sleep again as a bull. At worst, 0.5% risk on a Qs long is not much to risk and really is the valid play to be taking. And for NB and bears on Qs, today's double top resistance was the place to short it. So right now, we're in bull/bear nomans land and it's going to come down to overnight action, news, and the morning bulls/bear fight. Gotta love the battle. The trick to becoming champion is whoever gets the smaller scars. Ya gotta avoid that artery gash that will cause you to bleed to death hehe

Oh, and I'd be targeting Qs for about 40.60, so that's 7% upside, 0.5% downside; r/r of 13.6 ain't shabby.

Come on, Spike! Bull charge ahead! But its a suicide charge! I'm telling ya, nothin' is gonna live in front of those guns!

[Runner]

Wow all this up side movement in the Q’s and I still have not got a buy signal. Spike do I need to adjust something ? Hhaaaa

[spikefader]

Come on, Spike! Bull charge ahead! But its a suicide charge! I'm telling ya, nothin' is gonna live in front of those guns!

tee hee

Runner: I dunno. Your chart is a mystery! heh but I like the pretty colors.

[Runner]

tee hee

Runner: I dunno. Your chart is a mystery! heh but I like the pretty colors.

Thanx Spike, I like the pretty colors as well, easy on the eyes. Attempting to work with volatility as directional signals. Up means down and down means up..

[Runner]

Weekly charts worth a look: S&P100

HD- pulled back to support with best entry off 37.84. Increasing volume last 2 weeks
BAC- pulled back to support resistance in the 43.00
INTC- has ben under pressure. See if 22.00 holds if not maybe 19.00
LTD- looking for 18.31 as possible support. Downside volume has been weakening
CSCO- has been range bound since middle of 2004. Currently been under pressure and is now sitting at the bottom of range.
DELL- under pressure and looking to see if temp support holds. Could find temp bottom here. If not look out below.

Nas100:
SNDK- clears old highs with volume.
VRSN-under pressure down to support slight bounce volume pretty weak.
ADBE- pops top trend line
TEVA- pops to new highs
SBUX- close to summer highs @ 56.00 might see 63-64 area
LRCX- bumping into old highs. Volume pretty good last few weeks
INTC- might look good off 22.00 area

[Runner]

1 month price pops:

[Runner]

CSCO-could be setting up off a triple bottom. It did however drop a little under the support zone. If current support fails it might move on to 15.38 area.