10 replies to this topic

[OEXCHAOS]

http://www.traders-t...showtopic=71630

[selecto]

I had this move from price momentum last Wednesday, with the bell clang on Friday (posts are here somewhere). However it is but a countertrend dip, until proven otherwise. There is a wall of support just down there.

Edited by selecto, 20 June 2007 - 09:39 AM.

[OEXCHAOS]

Well, it looks like you're right, but I still have lots of lower targets and the quality of this bounce is not good, as yet. I only wish I had a target up above to short at. Mark

[SemiBizz]

Well, it looks like you're right, but I still have lots of lower targets and the quality of this bounce is not good, as yet.

I only wish I had a target up above to short at.

Mark

With record highs on the SPX and DJIA, that leaves you with one road map/history... Nasdaq. See earlier post on SSEC.

[SemiBizz]

Going long QID with a tight stop at the price rejection pivot from 1/4/01 2644.80.

[OEXCHAOS]

I missed a quick short but I'm trying another at 155100. I figure they'll try their lunchtime rally while the sellers are getting a bite. We'll see. Like you, fairly close stop, that will get tight fairly quickly. Mark

[SemiBizz]

This is pure and simple bear baiting going on here today. The volume is light so the operators are making a killing... I have to have trend and volume working with me to put on a position short, and we don't have either.

[selecto]

We (spx) are now at key reversal bar status. Day not done. We see.

Edited by selecto, 20 June 2007 - 12:27 PM.

[OEXCHAOS]

My first target is met. It's as good a place as any for a bounce. There's another just below, then 153000ish and 152500ish. Mark

[SemiBizz]

30 min Nasdaq BREAKS on this news:



JUDICIAL WATCH RELEASES FBI FILES DETAILING EXIT OF BIN LADEN FAMILY FROM US AFTER 911


http://bigcharts.mar...&mocktick=1.gif


Hits the tape at 1:15

Edited by SemiBizz, 20 June 2007 - 12:57 PM.