Any brave sword catchers here....
#1
Posted 12 April 2011 - 09:14 AM
#3
Posted 12 April 2011 - 09:16 AM
#4
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
Posted 12 April 2011 - 09:21 AM
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.
-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
#6
Posted 12 April 2011 - 09:43 AM
#7
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.
“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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#8
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
Posted 12 April 2011 - 09:53 AM
#10
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.
Technical Watch Subscriptions