28 replies to this topic

[NAV]

Looking for a IT short here - in line with my expectation from last week that a multi-week pullback has begun. Short SPX 910. Stop SPX 916. Feels good to be back trading !

[TMN]

welcome back trading. we shud be done with the "noise" soon.

[Rogerdodger]

Welcome back.
Check out Terry's T Update from yesterday.
He says the MCO pattern showed accumulation which should last about as many days as it declined (5 days).
This should give us the "T" top he's predicted for June 1st area.
He then expects a low not much below here as the next "T" will produce a rally through August.

Edited by Rogerdodger, 26 May 2009 - 01:32 PM.

[rkd80]

Welcome back.
Check out Terry's T Update from yesterday.
He says the MCO pattern showed accumulation which should last about as many days as it declined (5 days).
This should give us the "T" top he's predicted for June 1st area.
He then expects a low not much below here as the next "T" will produce a rally through August.

5 days of up? Oh yay...

[espresso]

Nav you're very welcome! RD you don't trust your own chart that called for the 27th?

[NAV]

Welcome back.
Check out Terry's T Update from yesterday.
He says the MCO pattern showed accumulation which should last about as many days as it declined (5 days).
This should give us the "T" top he's predicted for June 1st area.
He then expects a low not much below here as the next "T" will produce a rally through August.

Fart around till June 1. That would be painful !

If we don't selloff by EOD, then SPX 950 area becomes the next logical expectation. I doubt that though. My weekly stuff has already rolled over.

[gm_general]

What of the SSSS?! Off by a bit? Can't fault it on a news-related distortion today.

[eminimee]

Welcome back.
Check out Terry's T Update from yesterday.
He says the MCO pattern showed accumulation which should last about as many days as it declined (5 days).
This should give us the "T" top he's predicted for June 1st area.
He then expects a low not much below here as the next "T" will produce a rally through August.

Fart around till June 1. That would be painful !

If we don't selloff by EOD, then SPX 950 area becomes the next logical expectation. I doubt that though. My weekly stuff has already rolled over.

There is only two options now dealing with the end of the month crap....that triangle on the spx that I've pointed out works and we get a new high...or the 15 min chart I showed on oex is good and the "end of month" elevation never materializes...
....I'm leaning the latter...and the triangle may hit it's upper limit...but expect the break out of the bottom and not the top....
....this from the BiPolar Bear..
Oh...and I can't say more on how NDX 1417 and how important it is.

Edited by Teaparty, 26 May 2009 - 01:52 PM.

[mini-trader]

Yep...ES should turn between 911 and 917 for a short term trade

Edited by mini-trader, 26 May 2009 - 01:51 PM.

[eminimee]

if they don't want to buy this in the last hour.....that ain't good