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Playing a gap and crap this morning


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#1 eminimee

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Posted 26 February 2007 - 06:26 AM

target 10 points south...stop 1461.75. Looking to buy 1449 area for a run to at least 1472. Hank...you might like this....

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=2&dy=27&i=p55825739825&a=89308538&r=6722.png

Edited by Teaparty, 26 February 2007 - 06:30 AM.


#2 wallofworry

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Posted 26 February 2007 - 06:38 AM

I'm with you Emin, I expect we may be down 100DOWpoints by 3pm today

#3 da_cheif

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Posted 26 February 2007 - 06:46 AM

the 1438 gap mite be a better spot if ur right ...imo

#4 bobalou

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Posted 26 February 2007 - 07:12 AM

I like it ,,,,,,,,.good pt chief..,,,tea,,,,, could do the nas ?? I like to play the qid,,,,thx

#5 da_cheif

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Posted 26 February 2007 - 07:16 AM

unfortunately for that idea the dows 12 hour rsi is on a buy......and the dows print at 10:35 am est will be important......if its up substantially then that particular momentum oscilator will be very inviting for traders to get long if they didnt do it late friday......gonna be a tricky day for some...

Edited by da_cheif, 26 February 2007 - 07:17 AM.


#6 Frac_Man

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Posted 26 February 2007 - 08:26 AM

Your chart is exactly what I expect to happen this week.

There's a chance we may not go all the way down to that bottom but it looks good !


Hank






target 10 points south...stop 1461.75. Looking to buy 1449 area for a run to at least 1472. Hank...you might like this....

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=2&dy=27&i=p55825739825&a=89308538&r=6722.png



#7 eminimee

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Posted 26 February 2007 - 08:51 AM

Chief...the problem with filling that gap at 1438 is that it will take OEX below that bottom parallel and I really would prefer not to see that.......not yet anyways.

#8 eminimee

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Posted 26 February 2007 - 09:57 AM

Sorry bobalou...took me an hour to be able to get this posted....it's a quick and dirty.

http://stockcharts.com/c-sc/sc?s=$NDX&p=15&yr=0&mn=11&dy=21&i=p68314171640&a=89413079&r=2228.png

#9 da_cheif

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Posted 26 February 2007 - 10:40 AM

Chief...the problem with filling that gap at 1438 is that it will take OEX below that bottom parallel and I really would prefer not to see that.......not yet anyways.

they can do anything with the dow......and the oex can just chill out and wait around....

#10 bobalou

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Posted 26 February 2007 - 10:44 AM

tea thank you. that's my view also.we'll play it day to day......then down to option exp . ??