My e-wave and cycle analysis says today is a bottom. Big rally into early Wednesday at hand. I'm thinking near 1396 SPX minimum, maybe 1400.
Since Feb 1, we have had a major top every 17 days, that is the Gann 16+1. Wednesday April 16th is the third from that date.
Astro is positive next 2 days as is Mark's P/C read: very bullish!
blu
I'm Buying April Calls Hand Over Fist
Started by
blustar
, Apr 14 2008 09:31 AM
12 replies to this topic
#1
blustar
-
- Traders-Talk User
- 6,574 posts
blustar
#2
blustar
-
- Traders-Talk User
- 6,574 posts
blustar
Posted 14 April 2008 - 09:58 AM
My maximum read targets SPX 1416/17 where the down trend line bisects the 50% retrace on Wednesday.
blu 
#3
skyymaster
-
- Traders-Talk User
- 1,443 posts
Member
Posted 14 April 2008 - 11:00 AM
My maximum read targets SPX 1416/17 where the down trend line bisects the 50% retrace on Wednesday.
blu
Blu, if your right, I will wait until about 133.50 on SPY. As you may know, I am better at stock option trading then Index trading. However, I am currently, testing with portion of profit money on indicies until I can get a better handle on it like some of you guys do. Good Luck. Not sure, if we gonna reach that high but I know options weeks can be violent as heck.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#4
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 14 April 2008 - 12:41 PM
if spx can get over 1350 you have a chance...I'm thinking oex 626/630 max before another low....maybe even 600 by Friday.
#5
Islander
-
- Traders-Talk User
- 2,551 posts
Member
Posted 14 April 2008 - 01:46 PM
Yes I have the same readings, I am long big time up into 18 April, and maybe longer than that. I can not get the Fib turn dates sorted out.Best Islander
#6
Islander
-
- Traders-Talk User
- 2,551 posts
Member
Posted 14 April 2008 - 01:47 PM
Yes I have the same readings, I am long big time up into 18 April, and maybe longer than that. I can not get the Fib turn dates sorted out.Best Islander
#7
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 14 April 2008 - 01:52 PM
It's hard for me to see how record gas and oil prices are setting up a huge rally for tomorrow-time will tell.
#8
blustar
-
- Traders-Talk User
- 6,574 posts
blustar
Posted 14 April 2008 - 02:09 PM
I'm looking for OEX 644.80/645.06 by early Wednesday. After that it gets a little iffy. If we make a new high come April 21, it would be a great short I would think. For now I am extremely bullish, especially tomorrow. Must gonna be the PPI report I would think.
#9
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 14 April 2008 - 03:45 PM
blustar-The PPI can be a big mover, good luck with your trade.
#10
cycletimer
-
- Traders-Talk User
- 2,700 posts
Member
Posted 14 April 2008 - 04:58 PM
I'm looking for OEX 644.80/645.06 by early Wednesday. After that it gets a little iffy. If we make a new high come April 21, it would be a great short I would think. For now I am extremely bullish, especially tomorrow. Must gonna be the PPI report I would think.
I am in this one with you Buddy....I bought SSO near the close, fully margined......(famous last words! LOL!)
