5 replies to this topic

[eminimee]

I'm now half off at 1500 and will wait for open...stop on balance at 1494.50 and looking to add back long. First target 1516...but haven't given up on new highs yet...the flat is still possible for a 4th wave bottom.

I'll be trading it.

http://stockcharts.com/c-sc/sc?s=$SPX:$VIX&p=W&yr=10&mn=11&dy=29&i=p83763109204&a=78028460&r=379.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=4&dy=3&i=p66590671443&a=104588994&r=6041.png

Edited by Teaparty, 27 June 2007 - 05:58 AM.

[jjc]

I'm now half off at 1500 and will wait for open...stop on balance at 1494.50 and looking to add back long. First target 1516...but haven't given up on new highs yet...the flat is still possible for a 4th wave bottom.

I'll be trading it.

http://stockcharts.com/c-sc/sc?s=$SPX:$VIX&p=W&yr=10&mn=11&dy=29&i=p83763109204&a=78028460&r=379.png

thx tp. I'm in that trade also.

[ogm]

Here is what I have.

Besides with the Fed coming up we'll likely have some stabilization here at least, if nothing exciting. Then aagain, since a lot of people expecting that, we can always just break down into some new lower channel.

Edited by ogm, 27 June 2007 - 06:26 AM.

[eminimee]

The problem I have with new highs and the 4th wave flat...is the 8 over 34 cross. Price may only come up to give both the 8 and the 34 a kiss before turning back down...but if we get over those two on a close and it turns out that the 8 is just kissing the 34 before turning back up...it will be bullish for new highs. The other thing is....the fact that OEX did make a new high and a possible B wave of an expanded flat...it would allow for a much deeper C wave. fwiw



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[ogm]

Here is another view.

[eminimee]

added back to es long at 96 even..stop 94.50 on the bunch