Another one....

If you can afford a 3 point risk, you can try a short here, if you beleive a retest of friday's lows in order. No sell signal yet, though. This one is a more aggressive and risky trade, as it's against trends in all timeframes.

Edited by NAV, 19 January 2010 - 12:45 PM.

If you can afford a 3 point risk, you can try a short here, if you beleive a retest of friday's lows in order. No sell signal yet, though. This one is a more aggressive and risky trade, as it's against trends in all timeframes.

Mkt blew its chance...i think we "pop" the top and clear out the shorts and hit your 1165 target

we tested fridays lows pre mkt on the 1126.25 print by the night monkeys LOL

Plus today is the first day that i feel the nq's have regained leadership or strenght...which they havnt had since end of dec...

as chili would say...bs as usual

If you can afford a 3 point risk, you can try a short here, if you beleive a retest of friday's lows in order. No sell signal yet, though. This one is a more aggressive and risky trade, as it's against trends in all timeframes.

Mkt blew its chance...i think we "pop" the top and clear out the shorts and hit your 1165 target

we tested fridays lows pre mkt on the 1126.25 print by the night monkeys LOL

Plus today is the first day that i feel the nq's have regained leadership or strenght...which they havnt had since end of dec...

as chili would say...bs as usual

I doubt the market will take out SPX 1149 today. At a minimum we should get some sort of pullback here.

1144,47 max - my guess looks like a trend day, and following gold today.

Edited by dasein, 19 January 2010 - 01:04 PM.

If you can afford a 3 point risk, you can try a short here, if you beleive a retest of friday's lows in order. No sell signal yet, though. This one is a more aggressive and risky trade, as it's against trends in all timeframes.

Mkt blew its chance...i think we "pop" the top and clear out the shorts and hit your 1165 target

we tested fridays lows pre mkt on the 1126.25 print by the night monkeys LOL

Plus today is the first day that i feel the nq's have regained leadership or strenght...which they havnt had since end of dec...

as chili would say...bs as usual

I doubt the market will take out SPX 1149 today. At a minimum we should get some sort of pullback here.

i dont think it breaks 1149 today either.....my worthless guess it that the next time it sees 1131 will be after "poping" the top and clearing out the stops above 1149....which probably takes place over the next 9 trading days thus hitting your target from a time perspective

1144,47 max - my guess

looks like a trend day, and following gold today.

Next move on RUT is likely down. I don't trade SPY

We are done. On the 30 FAS the squeeze is resolving downward. SPX to follow.

If you can afford a 3 point risk, you can try a short here, if you beleive a retest of friday's lows in order. No sell signal yet, though. This one is a more aggressive and risky trade, as it's against trends in all timeframes.

I added my last leg of SPXU at 33.12 and have a limit order below market to buy TZA (in. separate a/c.

I should have stated a timeframe regarding $RUT, as that last comment just got violated. I have a couple of systems that I trade off of short term. Daytrade -Scalper was short when I posted the previous comment. Price failed to respond and diverged from system -- that' s usually a sign it will go higher in short term scalper range of 30 minutes to 1 hour. The swing trade system I use has been on buy signal from $RUT since Friday. I am currently short $RUT from this morning, but will stop out above last Friday high.

See what these Buzzards are doing is DESTROYING the will of the average trader to short and hold. If you were short into last Friday morning like I was, you take profits right then because who wants to see all your money burnt up like this? So they create a new group of shorts who will short today and then cover tomorrow if we get the drop. This has been going on for months. One must be so careful swinging short or will burn profits.