Blew the Whistle
#1
Posted 06 June 2007 - 06:35 AM
http://www.traders-t...showtopic=70862
I also wrote about it in ChartSmarts and the ISA Daily.
Now, we get to see if this decline has legs, or if it's just WWW selling.
So far, I've been seeing dip buying, but today will likely tell us a lot. Nothing Bullish as yet in the sentiment.
My first target for the ES was 153200. As Semi sez, "bagged and tagged". I'm still eying 150900 +/- 2 points as the next target and probably a better low. We'll see.
Also, nice calls Dev, D&Co, Semi, BBB, and anyone else who got short for this decline.
Mark
Mark S Young
Wall Street Sentiment
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#2
Posted 06 June 2007 - 06:45 AM
We blew the whistle on Monday
http://www.traders-t...showtopic=70862
I also wrote about it in ChartSmarts and the ISA Daily.
Now, we get to see if this decline has legs, or if it's just WWW selling.
So far, I've been seeing dip buying, but today will likely tell us a lot. Nothing Bullish as yet in the sentiment.
My first target for the ES was 153200. As Semi sez, "bagged and tagged". I'm still eying 150900 +/- 2 points as the next target and probably a better low. We'll see.
Also, nice calls Dev, D&Co, Semi, BBB, and anyone else who got short for this decline.
Mark
Thank you
Insider
#3
Posted 06 June 2007 - 06:58 AM
#4
Posted 06 June 2007 - 07:02 AM
Thank you
Insider
Yeah, you too. I knew I was forgetting some folks who made some unambiguous calls. Nav too, but he was more day-trading it (masterfully).
I hate bulk atta's cuz I ALWAYS forget someone important.
Mark
Mark S Young
Wall Street Sentiment
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#5
Posted 06 June 2007 - 07:55 AM
#6
Posted 06 June 2007 - 08:09 AM
Mark S Young
Wall Street Sentiment
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#7
Posted 06 June 2007 - 08:12 AM
I have my suspicions though as I mentioned in a post after close on Monday....SPX made a slight new high with out the day session ES confirming...OEX also neglected to make a new high ..I did short the close Monday....flat at the moment but looking for a long.........I'm on guard for the "one more high" that never comes though.
Kind of an ambiguous post....but it's tricky in here.
http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p03355495495&a=89308538&r=1968.png
#8
Posted 06 June 2007 - 08:14 AM
Mark S Young
Wall Street Sentiment
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#9
Posted 06 June 2007 - 08:18 AM
: if we had a b wave double top....a double top target would be 1524.50......1524.60 SPX
Click Here to see Full Sized Image
#10
Posted 06 June 2007 - 08:51 AM
Thank you
Insider
I was forgetting some folks who made some unambiguous calls. Nav too, but he was more day-trading it (masterfully).
Mark
I woudn't call my style daytrading. I would call it hourly swing trading. My trades last anywhere between a few hours to a couple of days (1-3 days). In this case, i closed the last portion of my position today (day 3).
Edited by NAV, 06 June 2007 - 08:52 AM.