any ideaS? Everything I am looking at says down into the close, but there is the Fed factor on a Fri afternoon...
Anybody is expecting a Fri afternoon closing scorch?
Started by
arbman
, Mar 14 2008 12:38 PM
5 replies to this topic
#2
AChartist
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Tim
Posted 14 March 2008 - 12:56 PM
The open stick produced a 60 min buy on QLD which is on a standing daily buy. No fear.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#3
arbman
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Quant
Posted 14 March 2008 - 12:58 PM
The system is clogged with shorts again, this will be the second trend day that will be interrupted...
Edit: well it is wrong to say interrupted since the indices are actually down more than 2%...
btw, it seems like the opposite is happening, no trader wants to go home long...
Edited by arbman, 14 March 2008 - 01:02 PM.
#4
saltlake
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Posted 14 March 2008 - 01:12 PM
Hi Arbman, A couple things Im looking at for a possible afternoon scorch
1.we have had something like 12-14 -1000 ticks today
2.ES needs to hold the 1285-86 level( below 1284 and it could be over)
3.1300 remains a very important pivot for ES(below 1300 and bears are in control and above that level bulls continue to have a fighting chance at a multiweek 
bottom
bottom
#5
IndexTrader
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Posted 14 March 2008 - 01:21 PM
If there's gonna be a scorch, it sure isn't evident in the A/D.
IT
#6
iloli way
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iloli = I'm Laws Of Line's I(eye)
Posted 14 March 2008 - 01:30 PM
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
