Edited by NAV, 11 July 2007 - 08:34 AM.
If we don't get....
#1
Posted 11 July 2007 - 08:30 AM
#2
Posted 11 July 2007 - 08:34 AM
Mark S Young
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#3
Posted 11 July 2007 - 08:38 AM
Edited by NAV, 11 July 2007 - 08:40 AM.
#4
Posted 11 July 2007 - 08:49 AM
#5
Posted 11 July 2007 - 08:53 AM
I agree a boucne would be much simpler to play. Although this strikes me as an add place to mount the slinshot rally.
How is this scenario?
We bounce in morning to your target...something like ES 1527-30ish...then sell off with low targets at about 1510ish.
Then tomorrow another big green bar.
If the bounce fails then forget about slingshots. I am sure you would seen a deep selloff one day and full recovery (plus some) the next day. Those are rare, just like the "V" bottoms.
#6
Posted 11 July 2007 - 08:53 AM
#7
Posted 11 July 2007 - 09:07 AM
Just messin'....but ya never know.....think "payday"
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=8&i=p02658730886&a=93045759&r=5256.png
PS: the distance between head and neckline is a fib 55 points
#8
Posted 11 July 2007 - 09:08 AM
Edited by SemiBizz, 11 July 2007 - 09:09 AM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
Posted 11 July 2007 - 09:12 AM
so far.. "da bounce" is pretty ugly. A quick review of the Nasdaq 3 min chart volume shows that the selling is coming on stronger volume. And the SOX... da leader filled a downside gap this morning, after making a new high yesterday on the silly news that MRVL could actually produce a financial statement...
ay, i jumped on a small long, but waiting to flip quickly - 1527+ on the ES is a possible target. Something that will probably cause more covering from yesterday.