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Buy The Gap


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#1 TechMan

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Posted 18 August 2011 - 08:26 AM

That's my game plan for the day. Looks like the SPX could open near 1160 area, which may be a good entry point. Great call, opinionated. Looks like your 1163 target's right on the money. Good trading!

#2 opinionated

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Posted 18 August 2011 - 08:37 AM

Thx, Looking for first bounce off 1153 then run towards 1145

#3 DrSP

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Posted 18 August 2011 - 08:41 AM

Techman, Be careful. Good luck!
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.

#4 opinionated

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Posted 18 August 2011 - 08:46 AM

Closed short, entered long for a run to 1162

#5 jdjimenez

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Posted 18 August 2011 - 08:47 AM

That's my game plan for the day. Looks like the SPX could open near 1160 area, which may be a good entry point.

Great call, opinionated. Looks like your 1163 target's right on the money.

Good trading!



I agree with opinionated, as 1145 area appears to be the last line of support.

#6 TechMan

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Posted 18 August 2011 - 08:59 AM

Techman, Be careful. Good luck!


Thanks, bud.

Looks like opinionated's right on it again. There were signs indicating the beginning of the reversal around 1153 area.

Still looking and waiting for the signals to pull the trigger...

#7 saltlake

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Posted 18 August 2011 - 09:04 AM

Techman, Be careful. Good luck!


Thanks, bud.

Looks like opinionated's right on it again. There were signs indicating the beginning of the reversal around 1153 area.

Still looking and waiting for the signals to pull the trigger...

:lol:

#8 opinionated

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Posted 18 August 2011 - 09:10 AM

Fast market, Stopped out small loss, long again at 1136

#9 NAV

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Posted 18 August 2011 - 09:12 AM

Techman, Be careful. Good luck!


Thanks, bud.

Looks like opinionated's right on it again. There were signs indicating the beginning of the reversal around 1153 area.

Still looking and waiting for the signals to pull the trigger...


Firstly 1163 was not a target, but a price print along the way. Neither was 1153 a beginning of a reversal. It was another price print along the way.

BTW, what made you change your plans of buying the gap ?

"It's not the knowing that is difficult, but the doing"

 

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#10 opinionated

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Posted 18 August 2011 - 09:13 AM

I do NOT believe the down is over.. long looking towards 1160-1165 to reshort