Edited by NAV, 30 April 2010 - 10:04 AM.
Giving the benefit of doubt to the bears
#1
Posted 30 April 2010 - 10:03 AM
#2
Posted 30 April 2010 - 10:07 AM
#3
Posted 30 April 2010 - 10:22 AM
I do not know Spooky so far playing like I said yesterday. If correct we should close near open and High Monday A.M. There it may be toast. I am a spectator hear until they show the hand.Should see 88-92 by end of day, nice play.
*spooky plus 4 so far would have been more but been goofing around too much.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#4
Posted 30 April 2010 - 10:43 AM
I do not know Spooky so far playing like I said yesterday. If correct we should close near open and High Monday A.M. There it may be toast. I am a spectator hear until they show the hand.Should see 88-92 by end of day, nice play.
*spooky plus 4 so far would have been more but been goofing around too much.
If we close above SPX 1208, then forget about the down-leg. We maybe headed to new highs in that case, in which case, i will reverse long. We are at a inflection point and should not fool around too much here.
#5
Posted 30 April 2010 - 11:35 AM
#6
Posted 30 April 2010 - 11:38 AM
ES testing the 20 day at 1192.00. Just pointing it out.
IT
I won't let you get away so easily. You need to tell me if it's gonna hold or not.
BTW, took 8 points profit on 1/3rd.
Edited by NAV, 30 April 2010 - 11:41 AM.
#7
Posted 30 April 2010 - 11:46 AM
ES testing the 20 day at 1192.00. Just pointing it out.
IT
I won't let you get away so easily. You need to tell me if it's gonna hold or not.
BTW, took 8 points profit on 1/3rd.
I was afraid of that. I went long at 1192, a small position. I'm using a 10 point stop for now. But to answer your question, I don't have a clue whether it holds.
IT
#8
Posted 30 April 2010 - 11:51 AM
#9
Posted 30 April 2010 - 11:53 AM
ES testing the 20 day at 1192.00. Just pointing it out.
IT
I won't let you get away so easily. You need to tell me if it's gonna hold or not.
BTW, took 8 points profit on 1/3rd.
I was afraid of that. I went long at 1192, a small position. I'm using a 10 point stop for now. But to answer your question, I don't have a clue whether it holds.
IT
If the market closes below SPX 1193 today, we are headed much lower, perhaps to the 1150 area. If 1193 holds on a closing basis, then bulls still have some hope, in which case Monday's opening would decide the direction of the next move.
Edited by NAV, 30 April 2010 - 11:54 AM.
#10
Posted 30 April 2010 - 11:56 AM
fwiw NAV, for me, 90.50 is the safety cover here. But we go lower. My trendline that broke backtested on a 15 minute at 05.50 for entry, so I'll get a gut check to take the cheese somewhere.
Spooky,
But i am greedy. Greed is good in markets . I have just covered 1/3.