Basis the SPX contract looks like we may get a little correction but overall pattern suggests more up to come. It is clearly a diffucult and parabolic high momentum market here, so trading safe and risk management is the most important issue for anyone.
I can see a target 1580 - 1600 range SPX, but the move has to be quite quick to work.
Naturally i got stopped out of my shorts, and didnt put on the final piece. If the trend turns down then I will look to short side again.
charts seem to say
Started by
Tor
, Jun 16 2007 04:35 PM
1 reply to this topic
#1
Tor
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Posted 16 June 2007 - 04:35 PM
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The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Tor
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- Traders-Talk User
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Posted 16 June 2007 - 06:01 PM
I can see a target 1580 - 1600 range SPX, but the move has to be quite quick to work.
This week make or break. But for it to be a "make", then it needs to accelerate at this juncture IMO.
Edited by Tor, 16 June 2007 - 06:02 PM.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
