5 replies to this topic

[eminimee]

this was burried in a post below ....but it's important I believe so will give it it's own thread.

662 is a must hold for a bounce or new high I think....below that and we have topped.

I said this at 6 this morning: Nav...do I get an ounce of credit?

Today, 06:49 AM

Post #13

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I've been mostly long since spx 1408ish but scalping and not holding anything over night.....I started accumulating oex puts when I thought a double top might happen and haven't bought any puts when oex has been south of 666...missed getting more yesterday by being a dime off the bid. Thought they would hit me on close but didn't. Sticking to my guns for now on this:
http://www.traders-t...?...c=65035&hl=
I'm not just going by these simple charts...I do have some private stuff that is waving a huge red flag at me. Denleo is a great trader and I'm sure has a great following here and I'm concerned about the "no risk" statement. This market can fall 20 points in a day (spx) at any moment now. I just have to get that off my chest. gggg



http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=1&dy=1&i=p13736896139&a=89308538&r=7291.png

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=21&i=p91187304335&a=91757908&r=2387.png

[IndexTrader]

I think Denleo said something about a stop under 1228. But I wouldn't worry about Denleo...he's made alot of money going down after 2000, and alot of money going up since the bottom. IT

[pdx5]

New Hi's 248, New Lo's 22 on NYSE today! That does not sound like this is dead yet.

[eminimee]

I'm not worried at all about Denleo....I know he knows what he's doing...my concern was for any lurkers out there that I'm sure follow and respect what he says. I was just trying to express that there is NEVER a "no risk" situation.

Edited by Teaparty, 25 January 2007 - 02:46 PM.

[arbman]

I'm not worried at all about Denleo....I know he knows what he's doing...my concern was for any lurkers out there that I'm sure follow and respect what he says. I was just trying to express that there is NEVER a "no risk" situation.

Well you don't buy and hold futures... They expire anyway...

[NAV]

market can fall 20 points in a day (spx) at any moment now

Good call !