Regardless whether she gaps down or not, the market is dead set on testing "the creek" as highlighted.
Good trading.
SPX:
INDU:
If the Dow gaps down 100, S&P gaps down 20+ tomorrow
Started by
unosuke
, Feb 11 2009 08:23 PM
6 replies to this topic
#1
unosuke
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Posted 11 February 2009 - 08:23 PM
The force in the markets has been downtown for weeks. Today's action, sideways cause-building, is dangerous if you're positioned on the wrong side of it and too stubborn not to stop yourself out.
Regardless whether she gaps down or not, the market is dead set on testing "the creek" as highlighted.
Good trading.
SPX:
INDU:
Regardless whether she gaps down or not, the market is dead set on testing "the creek" as highlighted.
Good trading.
SPX:
INDU:
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
#2
tommyt
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Posted 11 February 2009 - 10:37 PM
unosuke, check your personal message file, I sent you something.
#3
Taz
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Posted 11 February 2009 - 10:43 PM
Thx Unosuke
While I disagree with you about the next big move, your volume analysis is much appreciated by a volume noice like me.
Taz
#4
thespookyone
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Posted 11 February 2009 - 11:24 PM
Jackhammering, pounded,accelerating.= Nice, refreshing, overdue.
#5
unosuke
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Posted 11 February 2009 - 11:47 PM
Notice the Nikkie tonight, acting like the SPX & INDU. Nikkie is gunning for its swing low @ 7671.04. But it (likely) won't reach that price point tonight, but rather stop right before it in order to recharge and blow it away.
This chart not updated with tonight's action:
Live Nikkie feed:
This chart not updated with tonight's action:
Live Nikkie feed:
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
#6
BWTrader
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Posted 12 February 2009 - 12:42 AM
Hi, Spooky.
I s&r'ed today. I'm with ya, but cautious. This is your namesake market, Spooky as heck!
BW
I s&r'ed today. I'm with ya, but cautious. This is your namesake market, Spooky as heck!
BW
Jackhammering, pounded,accelerating.= Nice, refreshing, overdue.
#7
JimBecker17
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Posted 12 February 2009 - 03:25 PM
Bob Evans would say you were falling through the ice. The Boy Scout drowns. He jumps the creek on the upside! :)
(I was the guy that converted all the SMI tapes to MP3s if anyone cares, but have heard 349 Bob Evans tapes!)
-Jim
