Edited by dcengr, 16 July 2010 - 08:58 AM.
well did we bottom?
Started by
dcengr
, Jul 16 2010 08:58 AM
6 replies to this topic
#1
dcengr
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Posted 16 July 2010 - 08:58 AM
passed yesterdays lows on lower volume...
That doesn't necessarily mean we bottomed but perhaps a bounce?
Qui custodiet ipsos custodes?
#2
porsche911sg
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Posted 16 July 2010 - 09:09 AM
my target was hit i just took my 20 points. usually first day sell off not that steep if down trend start than we blow up next week plenty of chance to get shorty.passed yesterdays lows on lower volume...
That doesn't necessarily mean we bottomed but perhaps a bounce?
There should a bounce to short again.
PLAN MY TRADE TRADE MY PLAN. MONEY IS IN I WALK OFF.
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
dcengr
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Posted 16 July 2010 - 09:10 AM
I still think we are in an a-b-c-x-a-b-c correction.
So we may turn around and try to make a run for the highs again, but I think we'll hit 1060 ish area next week.
Today looks like a classic wave c. So we need to see an x up... maybe not today, but perhaps monday?
Qui custodiet ipsos custodes?
#4
dcengr
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Posted 16 July 2010 - 09:10 AM
my target was hit i just took my 20 points. usually first day sell off not that steep if down trend start than we blow up next week plenty of chance to get shorty.passed yesterdays lows on lower volume...
That doesn't necessarily mean we bottomed but perhaps a bounce?
There should a bounce to short again.
PLAN MY TRADE TRADE MY PLAN. MONEY IS IN I WALK OFF.
Me too!
Qui custodiet ipsos custodes?
#5
CallMeIshmael
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Posted 16 July 2010 - 09:20 AM
Me three!my target was hit i just took my 20 points. usually first day sell off not that steep if down trend start than we blow up next week plenty of chance to get shorty.passed yesterdays lows on lower volume...
That doesn't necessarily mean we bottomed but perhaps a bounce?
There should a bounce to short again.
PLAN MY TRADE TRADE MY PLAN. MONEY IS IN I WALK OFF.
Me too!
#6
porsche911sg
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Posted 16 July 2010 - 09:28 AM
GREAT ... I am seeing too many buy buy buy calls.. with no plans... or get shorty...but no targetMe three!my target was hit i just took my 20 points. usually first day sell off not that steep if down trend start than we blow up next week plenty of chance to get shorty.passed yesterdays lows on lower volume...
That doesn't necessarily mean we bottomed but perhaps a bounce?
There should a bounce to short again.
PLAN MY TRADE TRADE MY PLAN. MONEY IS IN I WALK OFF.
Me too!
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!
#7
dcengr
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Posted 16 July 2010 - 10:41 AM
i'm not long..
but if Steve Jobs puts on a good show, maybe that gap gets filled by mon-tues.
Qui custodiet ipsos custodes?
