14 replies to this topic

[OEXCHAOS]

this morning was likely the last chance for the Bears to have some fun this week. Unless China comes unhinged, it should become very hard to make money short until next week.

http://www.traders-t...showtopic=70672

[da_cheif]

after next wed....WWW.......watch the sky.....t....all of course imho fwiw bla bla bla.....clx students are having a field day with this........

Edited by da_cheif, 30 May 2007 - 11:26 AM.

[thespookyone]

I allways trade till 4:00, so to me-direction has yet to be proven. Spooky

[denleo]

I am glad we are done with pull backs for a while. Straight up from here. Denleo

[jjc]

I am glad we are done with pull backs for a while. Straight up from here.

Denleo

FWIW: (my thoughts are) 1526 today would be the level to declare no more mid day pull backs (for awhile).

[bullishnot]

Great, good for me, shorts will pay off more..

[tommyt]

pay no attention to the man behind the curtain!!

[denleo]

The only thing that concerns me is I am afraid I will have to wait a couple of days till SPX gets to all time highs. It is like watching a movie for two days when you know how it ends. I hope it will get there today or tomorrow morning, so I don't have to watch a slow advance. I always prefer a fast rally. Denleo

[Jnavin]

I bow to the greater wisdom of other more experienced traders here, but what I've got is an a-b-c up from this morning's low, into SPX 1522 and a larger e-wave pattern that now points to below 1500. I must be wrong.

[fib_1618]

The only thing that concerns me is I am afraid I will have to wait a couple of days till SPX gets to all time highs. It is like watching a movie for two days when you know how it ends. I hope it will get there today or tomorrow morning, so I don't have to watch a slow advance. I always prefer a fast rally.

Remember our conversation in the chat room regarding this subject on 5/16?

Steady as she goes.

Fib