6 replies to this topic

[NAV]

About 8 points on 50% of my ES short from 1536. Will close the rest 50% by the EOD.

Edited by NAV, 05 June 2007 - 11:18 AM.

[greenie]

does that mean you do not see IT type continuation of the decline, or are you just expecting a gap up tomorrow to reshort?

[denleo]

Very nice trading man, very nice!!! Denleo

[Mr Dev]

Nice trade ! This is a much better area to take profits imho, as it enters into 50% of my forecast move. Also the SPX now sitting on 1526 ma with 1518. 23 -ish likely, but still far enough to take another position on any bounce. Keep the fire burning!

Edited by Mr Dev, 05 June 2007 - 11:27 AM.

[NAV]

Thanks guys. Had to take a bit of heat on that trade yesterday. Feels good when the payoff comes though !



The distributive channel from the last few days is now broken. A retest of the channel lower boundary (ES 1530-32 area) should setup another good intraday short. We'll see....

Edited by NAV, 05 June 2007 - 11:35 AM.

[jjc]

Thanks guys. Had to take a bit of heat on that trade yesterday. Feels good when the payoff comes though !



The distributive channel from the last few days is now broken. A retest of the channel lower boundary (ES 1530-32 area) should setup another good intraday short. We'll see....

Nice trading as usual. I have been watching the channel myself.

[Russ]

One more whack down to the middle band on spx ought to end it, today or tommorrow? www
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=4&dy=0&i=p80689482492&r=7085.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=4&dy=0&i=p80689482492&r=9666.png