who still think the trend is up ?
Took 11 points profit on 1/3 position. Will hold the rest 2/3 for bigger gains.
Any brave sword catchers here....
Started by
NAV
, Apr 12 2011 09:14 AM
43 replies to this topic
#2
Rogerdodger
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#3
IndexTrader
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Posted 12 April 2011 - 09:16 AM
I bought the ES at 1308.75. Stop at 1297.00.
#4
NAV
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Posted 12 April 2011 - 09:19 AM
I bought the ES at 1308.75. Stop at 1297.00.
Good luck with the trade.
1297 will be gone by the EOD IMO.
Edit: Sorry I mean't 1307 will be gone by EOD (not 1297). SPX 1305 is huge support. I want to wait and watch as to what happens there.
Edited by NAV, 12 April 2011 - 09:23 AM.
#5
inamosa
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Posted 12 April 2011 - 09:21 AM
I posted this on the weekend in RD's thread on the II Bull/Bear Spread which was unusually high last week:
Still with that view, overall.
I see this as a legitimate short-term concern that could lead to a short, sharp pullback or some choppy action for a couple of weeks - but certainly not worse than November's pullback at worst.
The market looks too healthy right now for anything more than that on the downside.
Still with that view, overall.
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#7
fib_1618
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Posted 12 April 2011 - 09:46 AM
The trend remains up on the daily, weekly, and monthly time periods - what time frame are you looking at...15 minute?who still think the trend is up ?
Better to ignore me than abhor me.
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#8
NAV
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Posted 12 April 2011 - 09:52 AM
The trend remains up on the daily, weekly, and monthly time periods - what time frame are you looking at...15 minute?who still think the trend is up ?
Hourly and Daily.
#9
dcengr
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Posted 12 April 2011 - 09:53 AM
Great thread.
Qui custodiet ipsos custodes?
#10
fib_1618
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Posted 12 April 2011 - 09:54 AM
Maybe on the hourly (oh so slightly), but I don't see a top beneath a top on the daily. What is your definition of a trend?Hourly and Daily.
Fib
Edited by fib_1618, 12 April 2011 - 09:54 AM.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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