2 replies to this topic

[eminimee]

Hasn't liked it too much above the upper BB based on a 40,2 but can push it higher....way higher in fact but the Compq:VXN isn't in a position to make a move like that I don't think.....However...the plan might be the top of a possible channel and top fork.
If the triple top reversal on oex is any good...this should turn turtle now...but the higher target here would fit with a 5th (ED or otherwise) on SPX.
OEX has to get a daily close under 698 to start thinking that OEX TTR is good... otherwise I have to keep thinking a higher high is still out there.






Click Here to see Full Sized Image

[eminimee]

Live chart:

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=6&dy=0&i=p01008768565&a=80889906&r=3674.png

[eminimee]

Just to finish off the trade....sold oex puts for 5.90 bought at 3.60 yesterday and out of ES short from 1543.25...at 1531...took some off on the way down however. No more...I promise Federico. Waiting for next set up. 1517 spx key on close today..below bear...above keeps the uptrend in tact imvho