Edited by andiron, 24 July 2012 - 09:31 AM.
easy trade ahead
Started by
andiron
, Jul 24 2012 09:28 AM
6 replies to this topic
#1
andiron
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Posted 24 July 2012 - 09:28 AM
ok..so a conventional target here would have us at ~1325-1330 area..from there a bottoming action and then another - and perhaps the last rally before a plunge - rally up into month end and beginning of aug..
St Ben on 31-1...but likely to defer any gratification.......
#2
andiron
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Posted 24 July 2012 - 10:23 AM
not it appears that bears cohones are missing...and we may have seen the lows...
#3
einscodek
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Posted 24 July 2012 - 10:33 AM
not it appears that bears cohones are missing...and we may have seen the lows...
Vix cratered but is on the rebound.. yer 1325 is still a poss
Ouch just dropp under 1340.. megaphone distribution.. who wouldve guess today.. a "rebound day"
Edited by einscodek, 24 July 2012 - 10:39 AM.
#4
ogm
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Posted 24 July 2012 - 10:44 AM
And here comes another dump. The market is sick. Euro just pulled everything down after European close.
So you suggesting support at 1325 ? that works for me.
Edited by ogm, 24 July 2012 - 10:46 AM.
#5
einscodek
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Posted 24 July 2012 - 10:49 AM
And here comes another dump. The market is sick.
So you suggesting support at 1325 ? that works for me.
Well ask the market.. she has to agree..
Being cautious here since I have 2 reads
could rebound hard at any point here down to 1325
or
drop as far as to penetrate 1300 before
Yes I know pretty polar but thats where im at
The news likely:
Troika: Greece Needs Another Debt Restructuring Round
Given all these developments, VIX under 20 still..
Edited by einscodek, 24 July 2012 - 10:58 AM.
#6
ogm
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Posted 24 July 2012 - 11:06 AM
Getting pretty nasty now. Looks like this may be it. The big one finally starting. I'd love to trade some trend, and not figure out where it will gap up the next day.
#7
orange
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Posted 24 July 2012 - 02:07 PM
You know, if things don't hold up here and now we are going to see an acceleration of the decline tomorrow which would be along the lines of -1.5%.
I do think Apple will please the market at least temperately.
"When your position is underwater, average down" - Professional Trader
