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#1 Wavetimer

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Posted 04 November 2008 - 09:36 AM

alt and and bull count looks for a sharp drop under 8700

#2 Wavetimer

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Posted 04 November 2008 - 09:43 AM

I AM SHORT NOW DOW AT 9500 STOP 9723 LOOKING TO COVER AT 8720 MIT BEST OF TRADES !!! AND GET OUT AND VOTE !!!!

#3 Rogerdodger

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Posted 04 November 2008 - 09:52 AM

First RSI2 @ 90 in a while.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p55345993257&a=94546561&r=7778.png

#4 da_cheif

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Posted 04 November 2008 - 09:53 AM

I AM SHORT NOW DOW AT 9500 STOP 9723 LOOKING TO COVER AT 8720 MIT BEST OF TRADES !!! AND GET OUT AND VOTE !!!!



imo i wuddda waited for the gap at 1002......1012 is the 38.2 first target ......im trying to hedge for a short term trade at 1005...........

#5 Funky Monk

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Posted 04 November 2008 - 09:57 AM

me too short 990.75 we shall see fwiw fwiw snapshot_562.png

#6 Rogerdodger

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Posted 04 November 2008 - 10:05 AM

I AM SHORT NOW DOW AT 9500 STOP 9723 LOOKING TO COVER AT 8720 MIT BEST OF TRADES !!! AND GET OUT AND VOTE !!!!



imo i wuddda waited for the gap at 1002......1012 is the 38.2 first target ......im trying to hedge for a short term trade at 1005...........


I'd be surprised if we don't hit it.
(tomorrow?)

Edited by Rogerdodger, 04 November 2008 - 10:21 AM.


#7 10Shekel

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Posted 04 November 2008 - 10:09 AM

Thanks for the chart Roger. Bought couple puts on AMZN. Cheers!

#8 Rogerdodger

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Posted 04 November 2008 - 10:25 AM

I can't short till I see the vix:spx ratio reverse.
VIX daily has crossed below it's 20ma BB median but is nearing the bottom BB.
Ripe for a reverse.
But VIX keeps dropping so far.
http://stockcharts.com/c-sc/sc?s=$VIX&p=15&yr=0&mn=0&dy=5&i=p41488345629&a=131852950&r=8688.png

#9 cgnx

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Posted 04 November 2008 - 10:29 AM

1050 minimum target. No? I don't think it stops either. Right up to the ole 200.
If it can be cornered, it will.

#10 selecto

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Posted 04 November 2008 - 10:35 AM

You should be able to cover that successfully, but probably not this year, :)