and more than likely new highs.
With a close now over spx 1517
Started by
eminimee
, Jul 02 2007 03:01 PM
6 replies to this topic
#1
eminimee
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I don't care who's fur is flying...
Posted 02 July 2007 - 03:01 PM
#2
thespookyone
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Posted 02 July 2007 - 03:30 PM
Can you get me a "d" on those Q's, LOL?
#3
rkd80
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Posted 02 July 2007 - 04:04 PM
tea,
it seems we have to break 1525-1527 and it will NOT be an easy task. It appears that this is where we will top out tomorrow and retrace after the 4th - i just dont know how far the retrace can take us. But I would be wary of piling on longs tomorrow.
-rkd
“be right and sit tight”
#4
eminimee
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I don't care who's fur is flying...
Posted 02 July 2007 - 04:09 PM
rkd80, right...didn't I say the same thing? 1527 is resistance
#5
rkd80
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Posted 02 July 2007 - 04:27 PM
i guess i am saying we are not going to break through it :-/
“be right and sit tight”
#6
hiker
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independent trader
Posted 02 July 2007 - 05:43 PM
rkd...how do you know that?
#7
rkd80
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Posted 02 July 2007 - 06:15 PM
rkd...how do you know that?
heh, how do we know anything? we don't. we can merely speculate on what we see and feel. also important to be mindful of what time frames we speak of. i dont think we will break through this week,which invariably implies that we either chop (unlikely) or drop down to 1500ish (+/- 4 points). Once that happens we will be in a better position to determine whether we indeed visit those highs.
IN all, it doesnt really matter anyway. If we can even predict that much its enough to make money. I continue being long until that point then I will flip to short, great thing about those crucial resistance points - even being short doesnt cost me that much.
“be right and sit tight”
