 SPX - VXO |
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| SPX - VXO |
 Aug 7 2007, 01:53 PM
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#1
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 I'M THINKING Group: TT Sponsor Posts: 4994 Joined: 9-September 03 From: Chattanooga, TN. Member No.: 24  |
--------------------  WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA. A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!! |
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Aug 7 2007, 02:35 PM
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#2
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 Member  Group: TT Member* Posts: 11942 Joined: 9-September 03 From: United States Member No.: 17 |
as of 3:33pm ET..the horizontal line marking the move has been surpassed. folks are believing it..SPY now at 148.66 with day high just above
-------------------- why is it important to wear sunglasses, even on cloudy days?
30 million additional folks in the U.S. are soon likely to be legally blind from wet macular degeneration ...this is preventable for the current generation ... UV damage to the eyes is cumulative during the lifetime - elvis wore shades - by the Cleveland Clinic |
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Aug 7 2007, 03:39 PM
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#3
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 Member Group: Traders-Talk User Posts: 3093 Joined: 13-January 04 From: Toronto, Canada Member No.: 1038 |
hi guys,
Yeah, looks like a general market bottom here. Will add to longs on a pullback. cheers, john -------------------- "By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
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Aug 7 2007, 04:21 PM
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#4
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 Member Group: TT Patron+ Posts: 1297 Joined: 18-July 04 From: USA, northeast of Victoria, BC Member No.: 2102 |
mss,
Great chart. The lows above lows in the RSI are also quite compelling. Thanks for the post. -------------------- "Simplify, simplify, simplify," Henry David Thoreau
"Always take the signal and sometimes you just get lucky," Linda Raschke. |
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Aug 8 2007, 04:25 PM
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#5
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I'M THINKING Group: TT Sponsor Posts: 4994 Joined: 9-September 03 From: Chattanooga, TN. Member No.: 24 |
 This does not look good for tomorrow. TWT, but consolidation is very likely and another 20 point day is not suggested..............unless it's down.  mss -------------------- WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA. A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!! |
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Aug 9 2007, 03:10 AM
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#6
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Member Group: Traders-Talk User Posts: 3093 Joined: 13-January 04 From: Toronto, Canada Member No.: 1038 |
mss,
QUOTE This does not look good for tomorrow. TWT, but consolidation is very likely and another 20 point day is not suggested..............unless it's down. I certainly don't think it is wise to chase longs here. The question is do you buy the pullback or watch and wait to see if another big leg down is coming? We should mark a little time here and consolidate/successfully retest the lows if another big leg down is to be avoided. And that is pretty much what I expect from here. We'll see. I like those charts. How do you find the time? I've got young kids off on school break and I have very little time right now to follow the markets. cheers, john This post has been edited by SilentOne: Aug 9 2007, 03:11 AM -------------------- "By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
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Aug 9 2007, 07:14 AM
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#7
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I'M THINKING Group: TT Sponsor Posts: 4994 Joined: 9-September 03 From: Chattanooga, TN. Member No.: 24 |
 A trip down on the ratio would be nice IF it did not go below the other lows. I think we see several days of chop as suggested before, but in a consolidation mode, rather than a declining channel. How do I have time, too old for young kids, grandchildren live 2hr away, and my days are filled as I wont to fill them. Make pretty good change position trading, and when bored, will day trade some.  Consult to some accounts and a few board mettings, but mostly do as I damn please.  
-------------------- WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA. A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!! |
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Aug 15 2007, 12:17 PM
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#8
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Member Group: Traders-Talk User Posts: 3093 Joined: 13-January 04 From: Toronto, Canada Member No.: 1038 |
$SPX bottoms today. I added my last tranche of Oct. 149 calls.
 If I'm wrong, we are in a heap of trouble. cheers, john -------------------- "By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
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Aug 15 2007, 02:54 PM
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#9
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Member Group: Traders-Talk User Posts: 3093 Joined: 13-January 04 From: Toronto, Canada Member No.: 1038 |
woops!!
-------------------- "By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
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Aug 15 2007, 04:46 PM
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#10
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I'M THINKING Group: TT Sponsor Posts: 4994 Joined: 9-September 03 From: Chattanooga, TN. Member No.: 24 |
QUOTE (mss @ Aug 5 2007, 07:57 PM)  QUOTE (OEXCHAOS @ Aug 5 2007, 06:40 PM) So, are you saying, "We're not there yet, but we're getting into position where we may be close?" Mark I'm saying that 1420+/- should/might hold. If it does not then 1375/85 next level of holding. Yes we will get more bounces as we are in a choppy decline of some sort, not yet defined, time wise nor depth wise. mss The sad part, I did not really believe my own post. I was sure 1420ish would hold so I bought some stuff, back in cash, bought, back in cash. Well after today 1355/60 is starting to look in play, and I'm paying attetion this time.  374 mss This post has been edited by mss: Aug 15 2007, 04:47 PM -------------------- WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA. A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!! |
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Lo-Fi Version | Time is now: 3rd September 2010 - 12:12 AM || Skin by Metalaxe |
