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ER2 Target


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#1 NAV

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Posted 15 May 2007 - 08:56 AM

We took a peek below 820 per my VST projection yesterday. Right now, we are seeing a triple divergence on smaller timeframes. So caution is required on the short side, especially for daytrader types.

"It's not the knowing that is difficult, but the doing"

 

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#2 Drano

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Posted 15 May 2007 - 09:00 AM

Thanks for the info.

#3 NAV

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Posted 15 May 2007 - 09:03 AM

Long ER2 823. Stop 820.40. If the lows hold, i will be looking to hold this position for more than a daytrade. We'll see what develops here...

"It's not the knowing that is difficult, but the doing"

 

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#4 Drano

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Posted 15 May 2007 - 09:10 AM

Hoo-ee, that's quite a range already on RUT. :blink: Great call, NAV.

#5 relax

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Posted 15 May 2007 - 09:11 AM

As long as Nasdaq Composite stays above 2.531 I see no reason to go short

Dow Jones heading for 14.000


We took a peek below 820 per my VST projection yesterday. Right now, we are seeing a triple divergence on smaller timeframes. So caution is required on the short side, especially for daytrader types.



#6 NAV

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Posted 15 May 2007 - 09:22 AM

Hoo-ee, that's quite a range already on RUT. :blink:

Great call, NAV.


Wow, that was fast. Took 7 points profits on half the position.

That was the warning to SHORTS

Posted Image

Edited by NAV, 15 May 2007 - 09:13 AM.

"It's not the knowing that is difficult, but the doing"

 

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#7 GOOSE2

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Posted 15 May 2007 - 09:22 AM

1508 is my "line in the sand" for the day on ES Tiny little dip below, I am long from 1508.25 Cheers

#8 peregrine

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Posted 15 May 2007 - 09:32 AM

Russell looks to be 5 down complete into 9:55 bar....wave a (up) completing at 10:30...now b (down) and c (up) to be completed. Will be looking to reshort at the completion of wave c.

Edited by peregrine, 15 May 2007 - 09:33 AM.


#9 GOOSE2

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Posted 15 May 2007 - 10:58 AM

1508 is my "line in the sand" for the day on ES

Tiny little dip below, I am long from 1508.25

Cheers



gone for a very nice +10 pts

it's at the upper trading ban, upside is limited here.

#10 Mr Dev

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Posted 15 May 2007 - 12:08 PM

was there a target projection I missed? thx

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