5 replies to this topic

[S.I.M.O.N.]

@1845, plan to add more at 1852, this is a longer timeframe trade based on possible bull trap in ndx, stop for right now is 1870, looking for 1800 or lower, possible all the way back down to 1760 on nq's. Also A=C=66 at 1852 so i think ndx is almost done here.

[greenie]

Good plan. I also saw VXN close its gap from five days back. I have been waiting for it, because VXN always closes past gaps. My expected course of action is NDX chop around here for a while, while VXN crashes further, and then NDX turn down.

[S.I.M.O.N.]

Good plan. I also saw VXN close its gap from five days back. I have been waiting for it, because VXN always closes past gaps.

My expected course of action is NDX chop around here for a while, while VXN crashes further, and then NDX turn down.

Looking for big volume today to confirm early bears throwing in the towel, chop for a few days to rope in the late bulls then , hopefully there's not too much "agreement" on this.

[eminimee]

i shorted 56......at least the stop is easy to figure.

[S.I.M.O.N.]

i shorted 56......at least the stop is easy to figure.

Would you call today's move , the third drive in the "three drives to a top"?

[eminimee]

you could I guess...especially with continued rsi divergence.......I'm also going on this...

http://stockcharts.com/c-sc/sc?s=$NDX&p=W&yr=4&mn=2&dy=0&i=p87251621555&a=88389666&r=2638.png