Edited by NAV, 15 July 2010 - 09:02 AM.
Probing short
Started by
NAV
, Jul 15 2010 09:00 AM
18 replies to this topic
#1
NAV
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Posted 15 July 2010 - 09:00 AM
at SPX 1092 via lev ETFs. Will add more if we move higher.
P.S - My swing indicators are close to a sell. A couple of red candles should do it. I am jumping the gun before the signal. Hope it works out.
#2
dcengr
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Posted 15 July 2010 - 09:07 AM
I have a feeling we got 1 more squirt up...
This pattern is now familiar to me.. it needs to clear the shorts at 1099 resistance before the top.
GOOG earnings may do it.
Qui custodiet ipsos custodes?
#3
andiron
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Posted 15 July 2010 - 09:11 AM
i will cover at gap fill
if the bounce is feeble or doesn't happen..bye bye rally
TLT says so
#4
NAV
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Posted 15 July 2010 - 09:12 AM
I have a feeling we got 1 more squirt up...
This pattern is now familiar to me.. it needs to clear the shorts at 1099 resistance before the top.
GOOG earnings may do it.
Is that just a gut feeling thingy or based on some technicals ?
I must admit i am not hating that red candle
#5
redfoliage2
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Posted 15 July 2010 - 09:13 AM
I prefer options so I don't have to hold over the weekend: Loaded more July ES 1090-1070 puts spread.
Edited by redfoliage2, 15 July 2010 - 09:13 AM.
#6
NAV
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Posted 15 July 2010 - 09:15 AM
10 points in 10 minutes. Love it. 
#7
bln
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Posted 15 July 2010 - 09:26 AM
Not surprised. Got a swing sell yesterdat on the SOX @ 362 during last hour. Then the current hourly bar closes I will probably have a Swing Sell on SPX too.
Entered short yesterday at 1096 but was stopped out during the night session, bummer.. now short again @ 1090.
Happy trading.
#8
Will
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Posted 15 July 2010 - 09:39 AM
So far just a move to fill the open gap. Didn't get a sell signal here on 60 m. Yet...
Edited by Will, 15 July 2010 - 09:41 AM.
#9
dcengr
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Posted 15 July 2010 - 09:42 AM
as i said yesterday, expect an a-b-c decline...
you can see it on the hourly.
if we make a higher high next few days, then bulls in real trouble.. but it may make a lower high, at which case it becomes an a-b-c-x-a-b-c then rally will resume.
Qui custodiet ipsos custodes?
#10
thespookyone
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Posted 15 July 2010 - 10:02 AM
ES 1065 minimum. Probably looking more like 1056.
