1 reply to this topic

[Tor]

I think this decline may have further to run. I have been looking at the charts to form this view. I think the SPX may even be able to make it down to the 1470's area. say 1476. BUT, how to play it? I think a bounce may be coming, at least that is what I am hoping for. If we get a bounce next few days then will look to short. Other hand we may just push past my trigger level 1487 (all these are cash quotes by the way), I may have to think about putting a so called "sell on stop" order in the market. In a nutshell I dont know whats best or may happen, but just thought i would make this comment given my generally bullish bias in recent posts. For now I am FLAT.Took some profits today, thanks Ben. Overall I am still bullish after this correction completes, whenever that may be and of course it may be sooner rather than later. Who knows. Good trading. Looks like 1487 breached AH, but I will not take that trade at tthis juncture. It is possible I will miss everything, but just gotta see.

Edited by Tor, 26 June 2007 - 03:12 PM.

[eminimee]

the low slightly broke the possible channel line......will be an interesting morning
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