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#1 eminimee

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Posted 08 July 2009 - 03:09 PM

We have classic bottoming action here...so classic that we may make a new high....target 960 before dropping profusely...
What I would love to see is Globex action making another low in the 860/62 area...with cash making a higher low in the morning...but that might be too wet of a dream.....cash has either put in it's low......or will need another low. If we need another low in cash....I'd be watching OEX 407/408 for a very strong reversal..A gap up tomorrow shouldn't be sold. ...it will be a gap that won't ever be filled ...within the next 4 weeks...

Edited by Teaparty, 08 July 2009 - 03:10 PM.


#2 Mr Dev

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Posted 08 July 2009 - 03:13 PM

We have classic bottoming action here...so classic that we may make a new high....target 960 before dropping profusely...
What I would love to see is Globex action making another low in the 860/62 area...with cash making a higher low in the morning...but that might be too wet of a dream.....cash has either put in it's low......or will need another low. If we need another low in cash....I'd be watching OEX 407/408 for a very strong reversal..A gap up tomorrow shouldn't be sold. ...it will be a gap that won't ever be filled ...within the next 4 weeks...


Hi Tea
I'm thinking it's all possible,..and to add to any classic bottoming pattern I think we need to see a FUGLY Gap Down Open.. and we may get it tomorrow. ;)

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Mr Dev

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#3 kavaron

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Posted 08 July 2009 - 03:14 PM

Are you serious T-Party?

#4 eminimee

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Posted 08 July 2009 - 03:20 PM

Are you serious T-Party?

??..yes. I wouldn't start a thread just to Phuket around. Nice spot in Thailand by the way..

#5 relax

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Posted 08 July 2009 - 03:20 PM

so basically tor nailed it ;-) edit: today reminded me of march 6

Edited by relax, 08 July 2009 - 03:23 PM.


#6 gismeu

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Posted 08 July 2009 - 03:21 PM

We have classic bottoming action here...so classic that we may make a new high....target 960 before dropping profusely...
What I would love to see is Globex action making another low in the 860/62 area...with cash making a higher low in the morning...but that might be too wet of a dream.....cash has either put in it's low......or will need another low. If we need another low in cash....I'd be watching OEX 407/408 for a very strong reversal..A gap up tomorrow shouldn't be sold. ...it will be a gap that won't ever be filled ...within the next 4 weeks...



Hi Tea,

making your OEX low at 407 around noon time and then going up for about 4 to 5 weeks would fit one astro scenario perfectly

gis
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#7 kavaron

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Posted 08 July 2009 - 03:23 PM

OK. At first I thought that you were mocking someone ;)

#8 TMN

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Posted 08 July 2009 - 03:23 PM

:lol: :lol: :lol: :lol: :lol:

so basically tor nailed it ;-)



#9 CLK

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Posted 08 July 2009 - 03:27 PM

Tea......were you short CME today ? I shouldn't have missed it. Went long on close small position, probably won't work, who knows. What is your take for CME into opex ?

#10 eminimee

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Posted 08 July 2009 - 03:33 PM

so basically tor nailed it ;-)


Maybe...but I think he's stopped out. I can't get a straight answer on spx or es....I've been politely asking what he's trading but can't get an answer. I was trying to help earlier...if it's a spx entry, then he's fine if we bottomed or he'll be stopped out just before a ramp if we haven't...if it was ES ...he's stopped out