662 is a must hold for a bounce or new high I think....below that and we have topped.
I said this at 6 this morning: Nav...do I get an ounce of credit?
Today, 06:49 AM
Post #13
Member
Group: TT Member*
Posts: 7641
Joined: 20-September 03
Member No.: 99
I've been mostly long since spx 1408ish but scalping and not holding anything over night.....I started accumulating oex puts when I thought a double top might happen and haven't bought any puts when oex has been south of 666...missed getting more yesterday by being a dime off the bid. Thought they would hit me on close but didn't. Sticking to my guns for now on this:
http://www.traders-t...?...c=65035&hl=
I'm not just going by these simple charts...I do have some private stuff that is waving a huge red flag at me. Denleo is a great trader and I'm sure has a great following here and I'm concerned about the "no risk" statement. This market can fall 20 points in a day (spx) at any moment now. I just have to get that off my chest. gggg
http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=1&dy=1&i=p13736896139&a=89308538&r=7291.png
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=21&i=p91187304335&a=91757908&r=2387.png