7 replies to this topic

[jjc]

I'm looking at 20 dma...

I'm looking at 20 dma...

I took some off at 1520 es. Still think lower... however there may be 2 more days of this... rinse and
repeat ********.

[jjc]

I'm looking at 20 dma...

I'm looking at 20 dma...

I took some off at 1520 es. Still think lower... however there may be 2 more days of this... rinse and
repeat ********.

Now if I was a better trader I would not have let the market shake me of the those contracts...
darn newbie I am... Still holding 2/3. target 1512 for another 1/3....

[spoo tooth]

10 day EMA at 1516.80 (futures). Hit right on it. May be extent of down side......for today

Edited by spoo tooth, 24 May 2007 - 11:04 AM.

[jjc]

10 day EMA at 1516.80 (futures). Hit right on it.

May be extent of down side......for today

I show trend day; although the bounces are hyper extended due to volatility... By know we all
know this as I see a break donw during lunch.

10 day EMA at 1516.80 (futures). Hit right on it.

May be extent of down side......for today

I show trend day; although the bounces are hyper extended due to volatility... By know we all
know this as I see a break donw during lunch.

Lets see hit 20 dma bounce off leaving market overbought. Friday gap down over 20 dma...
Where is NAV when you need him! Great trader that guy..

[SemiBizz]

http://bigcharts.mar...&mocktick=1.gif



See the 3 LROD candles on this chart? They are all turn dates 4/30, 5/10 and today 5/24.

I see 3 layers of support here

2531 - testing the 2533 low from the last day of volume, and the high of the previous wave 2/22.

2519 - Previous low from downtrend that started 5/10, current top of original downtrend line

2491 - Crash Gap.

Edited by SemiBizz, 24 May 2007 - 11:49 AM.

[SemiBizz]

http://bigcharts.marketwatch.com/charts/big.chart?symb=nasdaq&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=2&lf3=4&type=4&size=2&state=15&sid=3291&style=320&time=4&freq=1&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=2609&mocktick=1.gif

Just one more observation about these three candles. If 2541 holds you have symmetry from the lows of 8 pt intervals... 2525 - 2533 - 2541.

One more thing, I show that 2541 low today is probable for retest this afternoon.

Edited by SemiBizz, 24 May 2007 - 12:00 PM.

[jjc]

10 day EMA at 1516.80 (futures). Hit right on it.

May be extent of down side......for today

I show trend day; although the bounces are hyper extended due to volatility... By know we all
know this as I see a break donw during lunch.

10 day EMA at 1516.80 (futures). Hit right on it.

May be extent of down side......for today

I show trend day; although the bounces are hyper extended due to volatility... By know we all
know this as I see a break donw during lunch.

Lets see hit 20 dma bounce off leaving market overbought. Friday gap down over 20 dma...
Where is NAV when you need him! Great trader that guy..

Took another 1/3 off at 20 dma. May add some back on bounce.. but volatility is so high here
and I spent most of last night figuring out why my models where not working... May not trust my
trigger finger....

[SemiBizz]

http://bigcharts.marketwatch.com/charts/big.chart?symb=nasdaq&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=2&lf3=4&type=4&size=2&state=15&sid=3291&style=320&time=4&freq=1&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=2609&mocktick=1.gif



See the 3 LROD candles on this chart? They are all turn dates 4/30, 5/10 and today 5/24.

I see 3 layers of support here

2531 - testing the 2533 low from the last day of volume, and the high of the previous wave 2/22.

2519 - Previous low from downtrend that started 5/10, current top of original downtrend line

2491 - Crash Gap.

Gets under the old high by .04. We'll see if that support holds or not.

Edited by SemiBizz, 24 May 2007 - 03:07 PM.