4 replies to this topic

[Woody]

Not sure what that means, they could ramp it into the close but that may be given back on tomorrows open

Yahoo Adv Decl

This is the Graph I/m trading off of, short ES from 1535.25, long SDS from 51.96

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&b=3&g=0&i=p68134205183&a=109269069&m=o&r=8716.png

[arbman]

Woody, the implied volatility on RUT (symbol: RVX) is unchanged, even though RUT itself is in black for the day. I think one more push lower tomorrow morning is possible...

[NAV]

Not sure what that means, they could ramp it into the close but that may be given back on tomorrows open

Yahoo Adv Decl

This is the Graph I/m trading off of, short ES from 1535.25, long SDS from 51.96

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&b=3&g=0&i=p68134205183&a=109269069&m=o&r=8716.png

Woody don't get me wrong. But, that's not a properly drawn channel. You need to connect the lowest low with the next higher low to get the lower trendline for the channel, which doesn't seem to be the case in your chart. You seem to be forcing the top for this move, by connecting the points for the upper trendline first, which renders the lower trendline cutting thru prices.

[Woody]

Not sure what that means, they could ramp it into the close but that may be given back on tomorrows open

Yahoo Adv Decl

This is the Graph I/m trading off of, short ES from 1535.25, long SDS from 51.96

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&b=3&g=0&i=p68134205183&a=109269069&m=o&r=8716.png

Woody don't get me wrong. But, that's not a properly drawn channel. You need to connect the lowest low with the next higher low to get the lower trendline for the channel, which doesn't seem to be the case in your chart. You seem to be forcing the top for this move, by connecting the points for the upper trendline first, which renders the lower trendline cutting thru prices.

NAV......I hear ya, I have found that using a spike low or high isnt always the best place for a TL..to each his own, I'm trading more off of the 200 EMA and the Blue Resistance Line and the Top Channel line anyway, your points are well taken tho. Your line turns it into a "Bearish" wedge...nice work!

Edited by Woody, 21 June 2007 - 03:03 PM.

[arbman]

I sold the close, nothing big, trading position. I will cover in the morning at the open depending on the action or add to the position...