Jump to content



Photo

Now short ES at 1445


  • Please log in to reply
4 replies to this topic

#1 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 24 January 2007 - 02:42 PM

bidding to add more april 660 puts..bidding 7 bucks. Stop on ES 1450.50

#2 maineman

maineman

    maineman

  • Traders-Talk User
  • 1,987 posts

Posted 24 January 2007 - 02:51 PM

Well, I guess this little 15 point SPX rally is what I was referring to yesterday and today when I suggested (to the bears) to "be careful". Not sure if "we are there yet" or not, but a close up here puts us above a 5-week trading box. A close like that can be quite bullish, and often suggests a run equal to the size of the "box", around 25-ish SPX points. just some of the voices in my head.... mm
He who laughs laughs laughs laughs.

My Blog -Maineman Market Advice

#3 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 24 January 2007 - 03:09 PM

Well..I hear you....I've caught a lot of the move up from 1415 ES so I've got cushion....it's the 670 oex I'm putting faith in right now.

#4 dcengr

dcengr

    Member

  • Traders-Talk User
  • 13,391 posts

Posted 24 January 2007 - 03:14 PM

Well..I hear you....I've caught a lot of the move up from 1415 ES so I've got cushion....it's the 670 oex I'm putting faith in right now.


Thats the final end to your 5th isn't it?
Qui custodiet ipsos custodes?

#5 eminimee

eminimee

    I don't care who's fur is flying...

  • TT Member
  • 14,307 posts

Posted 24 January 2007 - 03:39 PM

yes the ED could top anywhere now with this new high...but could get to 674 if the 15 day thing works...Is the FED announcement next Wed or Tuesday. 15 days would be Wed. next week.
5 more days?
From the bottom of wave 4 to top of wave 1 of ED...15 days
Bottom of wave 2 to top of 3 on ED ...15 days.
If wave 5 is 15 days....takes us to next Wed. the 31st. Something happening that day?
I know...I'm desperate!

Would like to see at least a pull back here.

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=21&i=p91187304335&a=91757908&r=5383.png

Edited by Teaparty, 24 January 2007 - 03:41 PM.