15-min charts say...

Sell ! 30-min says not yet. Daily has been on a sell the last few days and remains there until we can take out ES 1294. I am short here at NQ 1908.50 with a tight stop at 1913. P.S - If we don't build downside momo quickly here, i will be out and retry shorting tommorow.

Edited by NAV, 27 August 2008 - 01:23 PM.

I am out at 1910. No momo. :yawn: Will try shorting tommorow.

Edited by NAV, 27 August 2008 - 01:36 PM.

Its the lack of volume that makes this so difficult. there is no flow in the market and programms are taking it up and down on air without any real flow to the market. We're setting one record low volume day after another here. Today is probably yet another one. No real buyers, no real sellers.

I think both them's and Republicans have chipped in for a trader to keep things steady during both "Party" parties...lol

I think both them's and Republicans have chipped in for a trader to keep things steady during both "Party" parties...lol

I touched on a bit of that on another thread last night. I figure that for the next 9-10 weeks all will be good and "the bottom of (fill in the blank) may have already happened."
After the inaugural? Back to
"How could anyone have known!"

I took one more trip north, got popped and am done for today.
I got two good ones in. I'm sated.

Edited by milbank, 27 August 2008 - 02:09 PM.

I think both them's and Republicans have chipped in for a trader to keep things steady during both "Party" parties...lol

I touched on a bit of that on another thread last night. I figure that for the next 9-10 weeks all will be good and "the bottom of (fill in the blank) may have already happened."
After the inaugural? Back to
"How could anyone have known!"

I took one more trip north, got popped and am done for today.
I got two good ones in. I'm sated.

I don't think the good times are here for that long...if we don't fall apart below 1260 (for more than a peek) soon...then we are up until around mid Sept......then we fall apart until Dec 1.

I think both them's and Republicans have chipped in for a trader to keep things steady during both "Party" parties...lol

I touched on a bit of that on another thread last night. I figure that for the next 9-10 weeks all will be good and "the bottom of (fill in the blank) may have already happened."
After the inaugural? Back to
"How could anyone have known!"

I took one more trip north, got popped and am done for today.
I got two good ones in. I'm sated.

I don't think the good times are here for that long...if we don't fall apart below 1260 (for more than a peek) soon...then we are up until around mid Sept......then we fall apart until Dec 1.

TP/Millbank: Normally I would agree with you; however, there remains a cycle low coming in the latter part of Aug or early part of Sept. Ominously, I have projections indicating the time frame between 9/11 - 9/17 with the possibility, not a probability of taking out our earlier low. As a result, I am not completely jumping on the bullish bandwagon yet and am running a hedge. Best MDW

xxx

Edited by Teaparty, 27 August 2008 - 03:04 PM.

I think both them's and Republicans have chipped in for a trader to keep things steady during both "Party" parties...lol

I touched on a bit of that on another thread last night. I figure that for the next 9-10 weeks all will be good and "the bottom of (fill in the blank) may have already happened."
After the inaugural? Back to
"How could anyone have known!"

I took one more trip north, got popped and am done for today.
I got two good ones in. I'm sated.

I don't think the good times are here for that long...if we don't fall apart below 1260 (for more than a peek) soon...then we are up until around mid Sept......then we fall apart until Dec 1.

TP/Millbank: Normally I would agree with you; however, there remains a cycle low coming in the latter part of Aug or early part of Sept. Ominously, I have projections indicating the time frame between 9/11 - 9/17 with the possibility, not a probability of taking out our earlier low. As a result, I am not completely jumping on the bullish bandwagon yet and am running a hedge. Best MDW

MDW...you have it covered....not sure who you are disagreeing with.....but you have just described my scenario

nav what %scalp trades profit YTd?