Cover and run
Started by
NAV
, May 08 2008 11:59 AM
14 replies to this topic
#1
NAV
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Posted 08 May 2008 - 11:59 AM
My last hourly sell from SPX 1412 is issuing a cover signal here at 1394 - Taking 18 points profit. No buy signal yet.
If you want to fight the OPEX shenanigans, stay short.
#2
jdjimenez
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Posted 08 May 2008 - 12:05 PM
Nice trade!
I have a contingent S&P sell over 1400, close all shorts. That is where I'll leave for today.
JDJ
#3
vitaminm
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Posted 08 May 2008 - 12:10 PM
Nav,
hrly sell on uso on your system?
vitaminm
#4
NAV
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Posted 08 May 2008 - 12:14 PM
Nav,
hrly sell on uso on your system?
No (not at this point).
#5
NAV
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Posted 08 May 2008 - 12:32 PM
I am in. Hourly buy at SPX 1399. A close below today's low will invalidate this signal. See ya folks after a few days.
#6
arbman
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Posted 08 May 2008 - 01:15 PM
I have some stuff that says SPX will close below its morning lows today (target: 1385 until tomorrow morning) unless it manages to rally over 1403. I think the IT top is in due to the considerations in the breadth and bullish speculation of the participants, but there will be another rally to the 1407-1412 congestion zone next week. Anything above would be another break out to be sold toward 1430s. The price action is bullish but the breadth is so severely lagging now and the dips are terminally being speculated with calls...
Good luck with your trade...
Edited by arbman, 08 May 2008 - 01:20 PM.
#7
IndexTrader
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Posted 08 May 2008 - 01:25 PM
I am in. Hourly buy at SPX 1399. A close below today's low will invalidate this signal. See ya folks after a few days.
Is your daily signal still on a buy?
IT
#8
NAV
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Posted 08 May 2008 - 01:35 PM
I am in. Hourly buy at SPX 1399. A close below today's low will invalidate this signal. See ya folks after a few days.
Is your daily signal still on a buy?
IT
Yes.
#9
arbman
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Posted 08 May 2008 - 01:48 PM
AB=CD calls for a decline to the trendline from the March 17 and April 15 lows.
The 38-40 cycle low runs out tomorrow morning, it can still happen...
#10
arbman
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