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SPX HOURLY OUTLOOK 9.30.08


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#21 NAV

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Posted 30 September 2008 - 09:47 AM

NAV

SKF 106 is near...

I sold mine yesterday at 118.75.... :D

We'll probably see it under 100 again, so in no rush to get back in yet.


Lol. De ja vu again - 106. :D I have stopped trading that instrument. Pretty wild moves.

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#22 SemiBizz

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Posted 30 September 2008 - 10:00 AM

We definitely have different styles Volume took me out of the market a couple weeks ago, because I didn't like the low volume environment. VIX takes you out of the trading yesterday... Interesting...
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#23 IndexTrader

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Posted 30 September 2008 - 10:01 AM

my .02 on SPX

under 1137 is fully bearish
over 1143 is fully bullish

LT & IT buy signal at 1137 today--but that gets stopped and reversed if taken out.

This could literally go either way in a heartbeat.


I thought your numbers were 1154 and 1157? Did they change?

IT

#24 SemiBizz

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Posted 30 September 2008 - 10:02 AM

OK, so gravity has kicked in... 1137 R1 test 1133 Old Low test Available.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#25 swinger

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Posted 30 September 2008 - 10:03 AM

my .02 on SPX

under 1137 is fully bearish
over 1143 is fully bullish

LT & IT buy signal at 1137 today--but that gets stopped and reversed if taken out.

This could literally go either way in a heartbeat.


I thought your numbers were 1154 and 1157? Did they change?

IT


Futures (ES) versus cash (SPX)

Edited by swinger, 30 September 2008 - 10:04 AM.

 

#26 SemiBizz

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Posted 30 September 2008 - 10:06 AM

5 min look... pause at 1145 turned into a light volume pullback now... Are they out of gas? (I doubt it)

Edited by SemiBizz, 30 September 2008 - 10:08 AM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#27 swinger

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Posted 30 September 2008 - 10:14 AM

On 15 min bars--slightly lower lows, slightly higher highs = seek and destroy pattern. No joy for those trying to enter either side with tight stops.
 

#28 SemiBizz

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Posted 30 September 2008 - 10:25 AM

Yep, somebody is going to get whipsawed here, for sure. I feel 100% good in cash at this minute.. although I'm still leaning short, just waiting for a real sign of weakness...
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#29 SemiBizz

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Posted 30 September 2008 - 10:33 AM

Have you guys seen this Rick Santelli Video, putting Steve LIESman and Jack BORE-RUDE-GIN... in their places?



This is a CLASSIC !!

RICK SANTELLI FOR PRESIDENT !!
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#30 SemiBizz

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Posted 30 September 2008 - 10:48 AM

Standby, we're about to break out of this congestion... so far it LOOKS bullish... Candle trends remain negative across all time frames... FAST MARKET MOVE COMING....
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics