Finally the bears can roam about in bear land.....
Good NEWs EXCELLENT NEW
Started by
porsche911sg
, Jan 21 2010 10:33 AM
6 replies to this topic
#1
porsche911sg
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Posted 21 January 2010 - 10:33 AM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
zoropb
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Posted 21 January 2010 - 10:48 AM
THAT'S... why I did not want to be long to long above 1129. 
The 1119 I mentioned 2 weeks ago has been visited now perhaps one more drop later today or tomorrow to test 1110 and pretty good chance of up into Jan 29 but again with the next 2 months odds in my work saying 2 to 1 south. Hit and run for me.
The 1119 I mentioned 2 weeks ago has been visited now perhaps one more drop later today or tomorrow to test 1110 and pretty good chance of up into Jan 29 but again with the next 2 months odds in my work saying 2 to 1 south. Hit and run for me.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#3
porsche911sg
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Posted 21 January 2010 - 10:56 AM
I agree with you. The next support level is 1100 which levels 1097 on es... that's going to be thrity points on this one! if it happensTHAT'S... why I did not want to be long to long above 1129.
The 1119 I mentioned 2 weeks ago has been visited now perhaps one more drop later today or tomorrow to test 1110 and pretty good chance of up into Jan 29 but again with the next 2 months odds in my work saying 2 to 1 south. Hit and run for me.
Good Decision Z, But if 1100 spx cash is taken out we could go south for a long time... maybe 1070s
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#4
zoropb
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Posted 21 January 2010 - 11:00 AM
P I think the 1109-1114 zone should produce a good bounce at least if not one more high 1151-1156 next week.
Edited by zoropb, 21 January 2010 - 11:05 AM.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#5
porsche911sg
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Posted 21 January 2010 - 11:13 AM
Z, Planning to put stops still above it. IF hit i'll stop out first that the money back and runP I think the 1109-1114 zone should produce a good bounce at least if not one more high 1151-1156 next week.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#6
zoropb
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Posted 21 January 2010 - 12:07 PM
that was on es btw man what an awesome day even went long too but for 5 mins only missed the last low by 1 point for 5 dumped.
wow oil has had some serious vol today man it's been every where bias down. I have needed everything I got to trade it today with es too but it is a lovely day. 
I am relaxing for 2 mins 
I am relaxing for 2 mins
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#7
atlasshrugged
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Posted 21 January 2010 - 12:22 PM
P I think the 1109-1114 zone should produce a good bounce at least if not one more high 1151-1156 next week.
1130 31 on the spx was pretty solid support...we tested three times and then broke....i think it is going to be a brick wall on any rally...
