SPX didn't test 741.02 yet. Stopping right before a swing point with accelerating volume is the definition of "building cause" to blow that swing away. And when I say "blow away" I mean with Quality of Volume.
I hope we have a short-covering rally sometime early this week so I can add to my short positions. I really wanted a sucker's rally today. We're no where near an I.T. low.
Uh oh . . .
Started by
unosuke
, Feb 23 2009 04:02 PM
2 replies to this topic
#1
unosuke
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Posted 23 February 2009 - 04:02 PM
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#3
Tor
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- Traders-Talk User
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Posted 23 February 2009 - 04:23 PM
SPX didn't test 741.02 yet. Stopping right before a swing point with accelerating volume is the definition of "building cause" to blow that swing away. And when I say "blow away" I mean with Quality of Volume.
I hope we have a short-covering rally sometime early this week so I can add to my short positions. I really wanted a sucker's rally today. We're no where near an I.T. low.
awesome call.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
