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a ATR system which I've mentioned several times on this site, was showing the XJO in the lead up to 15/2 (6000) was traveling to fast -- (a sell , not a short ).--- it kept breaking the upper band for 7 consecitive days--- ADX+ was strongly diverging along with Twiggs Money Flow and Volume --- all signs to me, to be making a " classic rounding top " -- thats when I began closing down long term positions --- was wrong it continued higher for a few days -- was beginning to doubt the play -- but the press hype seemed to be the driver . --- Mag then put up a post which I took note of and that was the final straw -- closed all positions bar BSG and took a wait and see approach.

I only basically trade stocks within the XJO , thats why I keep it in the active watch list .

Long Term was closed on 21/02 --- final close was late 23/02 (just a couple of short term trades)

Have to admit that I didn't expect such a sudden and severe drop though.

Cheers

<blockquote data-quote="coyotte" data-source="post: 137417" data-attributes="member: 3649">a ATR system which I&#039;ve mentioned several times on this site, was showing the XJO in the lead up to 15/2 (6000) was traveling to fast -- (a sell , not a short ).--- it kept breaking the upper band for 7 consecitive days--- ADX+ was strongly diverging&nbsp; along with Twiggs Money Flow and Volume ---&nbsp; all signs to me, to be making a &quot; classic rounding top &quot;&nbsp; -- thats when I began closing down&nbsp; long term positions --- was wrong it continued higher for a few days -- was beginning to doubt the play -- but the press hype seemed to be the driver . --- Mag then put up a post which I took note of and that was the final straw -- closed all positions&nbsp; bar BSG and&nbsp; took a wait and see approach.I only basically trade stocks within the XJO , thats why I keep it in the active watch list .Long Term was closed on 21/02 --- final close was late 23/02 (just a couple of short term trades)Have to admit that I didn&#039;t expect such a sudden and severe drop though.&nbsp;Cheers</blockquote>

[QUOTE="coyotte, post: 137417, member: 3649"] a ATR system which I've mentioned several times on this site, was showing the XJO in the lead up to 15/2 (6000) was traveling to fast -- (a sell , not a short ).--- it kept breaking the upper band for 7 consecitive days--- [FONT=Arial Black]ADX+[/FONT] was strongly diverging along with [FONT=Arial Black]Twiggs Money Flow and Volume[/FONT] --- all signs to me, to be making a " classic rounding top " -- thats when I began closing down long term positions --- was wrong it continued higher for a few days -- was beginning to doubt the play -- but the press hype seemed to be the driver . --- Mag then put up a post which I took note of and that was the final straw -- closed all positions bar BSG and took a wait and see approach. I only basically trade stocks within the XJO , thats why I keep it in the active watch list . Long Term was closed on 21/02 --- final close was late 23/02 (just a couple of short term trades) Have to admit that I didn't expect such a sudden and severe drop though. Cheers [/QUOTE]

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