Going SHORT this eve and tomorrow
Started by
Tor
, May 13 2007 07:18 AM
3 replies to this topic
#1
Tor
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Posted 13 May 2007 - 07:18 AM
I like the internal condition of the market for a trading move down.
I have also been watching the dollar at this juncture, and think it should start moving up, hopefully!!
Beyond a trading sell off, i still favour the bull side now (subject to review).
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Russ
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Posted 13 May 2007 - 03:28 PM
What level are you looking for on the spx/es?
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Tor
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Posted 13 May 2007 - 07:29 PM
postponing until tomorrow ie no tonight. target SPX 1480 to start if my idea works, otherwise looking fo rthe dow to test 1225, equiv spx maybe 1440 region, going to put a stop in on entry, probably above any high on Monday.
It feels a scary trade, so dont want to risk much. very dodgy in here.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#4
Russ
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Posted 13 May 2007 - 09:48 PM
NYSE A/D daily oscillator closing at -3.43 with the doji star inside the bollinger band on the weekly chart looks ominous. 60 min. stochastic looks ready to roll over, but daily short term cci 5, looks like it could go higher. ES also saw a double bottom at 1496 (including afterhours trading) .
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=0&mn=6&dy=0&i=p61401013616&r=4121.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=0&mn=6&dy=0&i=p61401013616&r=4121.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
