9 replies to this topic

[da_cheif]

is 1478.92 basis jun..... the low so far..1480.50....close enuff for guv wrk......below 1478......would be a problem.....with 1459 the next target........the sp500 cash banged its 50 day ma which is also coincident with the 78.6 retrace off the low of may 1st and a retest of the low of may 10....my additions to the long side basis sept with an avg price of 1525 will be bundled with my 1383 june entry in a stop of 1475 basis june...that is all.....btw ....CRASH them BONDS........SNORT

[BigBadBear]

rally time..look at the futures go.

Edited by BigBadBear, 08 June 2007 - 07:28 AM.

[slatedrake]

Thanks for the heads up cheif!

[BigBadBear]

Get ready for a rally the likes to which havent been seen his yr. We should be 100pts within minutes and trickle up all day to +150 on the DOW

Edited by BigBadBear, 08 June 2007 - 07:53 AM.

[Woody]

is 1478.92 basis jun..... the low so far..1480.50....close enuff for guv wrk......below 1478......would be a problem.....with 1459 the next target........the sp500 cash banged its 50 day ma which is also coincident with the 78.6 retrace off the low of may 1st and a retest of the low of may 10....my additions to the long side basis sept with an avg price of 1525 will be bundled with my 1383 june entry in a stop of 1475 basis june...that is all.....btw ....CRASH them BONDS........SNORT

Cheif, thanks for the detail & follow up on your trade......you called the March low perfectly when you visited Fibs site TW and won a free drive in dinner, at that time i believe the CLX was showing a positive divergence with price, I do not think we have had enough time to set up that same type of divergence and hence I was a bit puzzled at the timing of your long additions this time around.

Perhaps we have seen the internal low for this correction but price imho has some catching up to do as Cirrus points out.....perhaps I will leave money on the table but my preference is to wait the extra 2-3 weeks it may take to form a lower risk bottom with the accompanying positive divergences coincident with Airedales 4.5 Cycle Low due July.

Now its possible that your pockets are deeper and you are willing to ride out the st turbulence at least to 1475.........having said all that, not many here can claim being long the big one from 1068

[eminimee]

Could be shaping up for something quite bullish off the globex lows....ideally I'd like to see OEX hit 583.57 and take off up.....if 583.50 falls...then es is a bear flag.

Whether it's going to be the beginning of a 1 or A won't be known until later.

Quite possible we bottomed a 4...but not shown on this oex chart...a 4 would look better on spx...TWT



http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=3&i=p68612109552&a=81733615&r=7319.png

[da_cheif]

it would appear to me that any breakdown below 1480 would suggest that the bradley date of the 14th one day before expiration will be a low.....for now the prelimary view of the wave structure appears that a long broading formation is about to unfold into the fall.....before the next big leg up in this bull takes place........clx ma.s have rolled over but the aydis is now deep into buy territory......and of course next week is expiration........

[rkd80]

Hey BBB,

You expect an 80% retrace by the time this bounce expires? Something like a Friday, Monday and into Tuesday rally? Or something more low key...

Get ready for a rally the likes to which havent been seen his yr. We should be 100pts within minutes and trickle up all day to +150 on the DOW

[Russ]

spx long channel from last summer is showing support, of course it could just be some angles and dangles. ;>)

[cgnx]

Dow should hit 13,100 pretty soon. Days anyway. Gotta give it the 50 day avg. at least.