looking at the price pattern, its exhibiting log periodic behavior.
Either it completed and we're on the way down for a small correction, or we need to squirt to 1104-1105 area.
Any downside before open will be bought, but I bet its shortable...
Anyways, keeping all options open..
Retail sales supposedly are good based on the hot summer purchases.. so I prefer a gap up.
possible back to back gaps?
Started by
dcengr
, Jul 14 2010 01:10 AM
2 replies to this topic
#1
dcengr
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Posted 14 July 2010 - 01:10 AM
Qui custodiet ipsos custodes?
#2
porsche911sg
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Posted 14 July 2010 - 01:26 AM
D, we gotta keep all option open, I took my long off the table n this gap up... I think we could see 1900 on NQ or 1120 on SP but it may not come as well.looking at the price pattern, its exhibiting log periodic behavior.
Either it completed and we're on the way down for a small correction, or we need to squirt to 1104-1105 area.
Any downside before open will be bought, but I bet its shortable...
Anyways, keeping all options open..
Retail sales supposedly are good based on the hot summer purchases.. so I prefer a gap up.
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!
#3
porsche911sg
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- Traders-Talk User
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Member
Posted 14 July 2010 - 01:31 AM
D, we gotta keep all option open, I took my long off the table n this gap up... I think we could see 1900 on NQ or 1120 on SP but it may not come as well.looking at the price pattern, its exhibiting log periodic behavior.
Either it completed and we're on the way down for a small correction, or we need to squirt to 1104-1105 area.
Any downside before open will be bought, but I bet its shortable...
Anyways, keeping all options open..
Retail sales supposedly are good based on the hot summer purchases.. so I prefer a gap up.
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!
