McO
spx
Edited by tommyt, 16 March 2011 - 09:47 AM.
bottom
Started by
tommyt
, Mar 16 2011 09:38 AM
3 replies to this topic
#1
tommyt
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Posted 16 March 2011 - 09:38 AM
good bottoms are normally made with a lot of fear and most bearish. We are not near that point. A number here are calling a bottom, maybe its on a 10 minute chart. We should chop around a bit here with ST oversold, 1285-1300 resistance, before a retest and then we may learn more. No divergences on the daily charts yet, so if it is a good bottom, its gonna have to be a "V" type immediately. I do agree its been an amazing bull, with $100 oil and other world events, and a market not down that much. Its a quad, so the Friday opening print is the target by manipulators. SPX has the biggest OI in the 1300 calls and 1250 puts:
McO
spx
McO
spx
#2
fluid
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Posted 16 March 2011 - 09:49 AM
good bottoms are normally made with a lot of fear and most bearish. We are not near that point. A number here are calling a bottom, maybe its on a 10 minute chart. We should chop around a bit here with ST oversold, 1285-1300 resistance, before a retest and then we may learn more. No divergences on the daily charts yet, so if it is a good bottom, its gonna have to be a "V" type immediately. I do agree its been an amazing bull, with $100 oil and other world events, and a market not down that much. Its a quad, so the Friday opening print is the target by manipulators. SPX has the biggest OI in the 1300 calls and 1250 puts:
McO
spx
Wrong. Depends where we are in the trendy. UP. Lows to hold.
#3
tommyt
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Posted 16 March 2011 - 10:09 AM
good bottoms are normally made with a lot of fear and most bearish. We are not near that point. A number here are calling a bottom, maybe its on a 10 minute chart. We should chop around a bit here with ST oversold, 1285-1300 resistance, before a retest and then we may learn more. No divergences on the daily charts yet, so if it is a good bottom, its gonna have to be a "V" type immediately. I do agree its been an amazing bull, with $100 oil and other world events, and a market not down that much. Its a quad, so the Friday opening print is the target by manipulators. SPX has the biggest OI in the 1300 calls and 1250 puts:
McO
spx
Wrong. Depends where we are in the trendy. UP. Lows to hold.
bot ES 1259 on the wash...stop 1248
#4
tommyt
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- Traders-Talk User
- 5,136 posts
Member
Posted 16 March 2011 - 10:43 AM
good bottoms are normally made with a lot of fear and most bearish. We are not near that point. A number here are calling a bottom, maybe its on a 10 minute chart. We should chop around a bit here with ST oversold, 1285-1300 resistance, before a retest and then we may learn more. No divergences on the daily charts yet, so if it is a good bottom, its gonna have to be a "V" type immediately. I do agree its been an amazing bull, with $100 oil and other world events, and a market not down that much. Its a quad, so the Friday opening print is the target by manipulators. SPX has the biggest OI in the 1300 calls and 1250 puts:
McO
spx
Wrong. Depends where we are in the trendy. UP. Lows to hold.
bot ES 1259 on the wash...stop 1248
sold 1/2 for 1267..daytrade mode now.
