8 replies to this topic

[espresso]

Your 1473 has been reached today. How are we doing now? I remember at the March bottom on my first post i said that this could have been very possible and many saw this impossible because of volume, bla bla etc. I closed my small long on it and opened a small short. My momentum system is telling me that a top could be possible today, although really not much clarity. I just see a little turning...

[da_cheif]

its easy to expect a reaction here....in as much as breadth was negative on tues........and it should not be lost on market students that basis the front month contract the sp500 hit a hi on tues of 1482.70 and of course the 88.7 retrace off the ATH is 1482.87.......so to set up the next squeeze thru that fibinacci level a reaction may be conducted possibly to fill fridays opening gap...down to 1461....which of course just about lines up with the 50% retrace off of the www. low....also the 78.6 retrace off the low of 3/30 fills the gap at 1433.....isnt that amazing?????....the boys construct the most marvelous charts dont they????.....snort

[Rogerdodger]

the boys construct the most marvelous charts dont they?

I don't think the markets can be manipulated by da_boyz jus cause dey have bling.
And a bling printing press.

[da_cheif]

ive allways known and believed it.......simply from observation.......fibinacci rules......

[golden]

ive allways known and believed it.......simply from observation.......fibinacci rules......

1987


The move started in Aug '82 @ at approx Dow 775 (I remember the 13th very well)

Peaked in August '87 at approx Dow 2775

The crash from 10-12-87 to Tuesday mornings low 10-20-87
was the entire move. (6 trading days I will never forget)

XMI futures did an exact fib retracement (61.8) of the entire 5 year upmove.


Da Boyz are not always on the right side of the trade.

If I remember correctly, they were massively SHORT PUTS.

[A-ha]

Da Boyz are not always on the right side of the trade.

If I remember correctly, they were massively SHORT PUTS.

That is called:

"Eating like a bird and chitting like an elephant"

[da_cheif]

ive allways known and believed it.......simply from observation.......fibinacci rules......

1987


The move started in Aug '82 @ at approx Dow 775 (I remember the 13th very well)

Peaked in August '87 at approx Dow 2775

The crash from 10-12-87 to Tuesday mornings low 10-20-87
was the entire move. (6 trading days I will never forget)

XMI futures did an exact fib retracement (61.8) of the entire 5 year upmove.


Da Boyz are not always on the right side of the trade.

If I remember correctly, they were massively SHORT PUTS.

oh they were on the right side allrite........after the crash it was reported that specialists made their biggest profits in history .......you see when you can trade for your own account when you can see wats on the books.....its a license to steal.......when i saw what they did goin into the august high it was a piece of cake to know what was coming next......

[golden]

.....its a license to steal.......

Indeed it is.




In memory of Richard Ney.

[espresso]

GM from Europe! Awesome thread, thank you all! Any links for specialists positions?