20 replies to this topic

[eminimee]

I shorted 81.50...and that was the most frustrating hold while we bounced around up there......not over yet...but I like 68 for target...my stop is 82.50 as we shouldn't make another high if I'm right. At least the risk reward is good for a stab.

Counting this as C being the top of a wave II ending diagonal C wave.

http://stockcharts.com/c-sc/sc?s=$SPX&p=1&yr=0&mn=0&dy=2&i=p54326572798&a=89521332&r=2971.png

Edited by Teaparty, 19 April 2007 - 12:53 PM.

[jjc]

Afternoon squeeze;

[eminimee]

What ever we do, up or down...we are going to leave 81 es in a hurry when it decides to go.

Edited by Teaparty, 19 April 2007 - 01:09 PM.

[jjc]

What ever we do, up or down...we are going to leave 81 es in a hurry when it decides to go.

nice call.. soo far.

[eminimee]

will have to get below 74/75 for that target of 68/69...otherwise if that area holds...swoosh to the upside after bottoming what will be a B wave....or 2. I've taken 25% off at 78..stop on rest at 80.50

[eminimee]

the last hour could be as boring as it has been since noon....da boyz may have the 1470 strike in mind for the open tomorrow

[jjc]

the last hour could be as boring as it has been since noon....da boyz may have the 1470 strike in mind for the open tomorrow

Nice call Teaparty! No risk = market profile speak for trade to vwap?

[eminimee]

unloaded another 25% at 77 even...stop same at 80.50

[jjc]

unloaded another 25% at 77 even...stop same at 80.50

vwap 76.25

[eminimee]

I'm probably posting to myself here...but to finish it off....out at 77. Flat for the morning.