8 replies to this topic

[NAV]

sitting on my longs here. But i keep reading "Top here" ...."Topped out" "Topping" "Large top". When that comes from smart folks, generally the top is close, but they push it little further against their comfort zones to sow the seeds of doubt in their hearts. So i dumped 1/3 of my ES position for 5 points profit. Will sit on the rest and see what develops...

Edited by NAV, 17 July 2007 - 08:58 AM.

[Russ]

short es at 1564.45

[NAV]

short es at 1564.45

1564.50, right ?

[arbman]

The equity P/C is rising, it is hard to top here, I took a loss right now on this dip. The tick was weak since the opening, but it is on its way to make a low here (for the next couple of days at least), imho. I would think you would need a lot more euphoria to make a top here. I will go long a bit, I hope it dips some more... - kisa

Edited by kisacik, 17 July 2007 - 09:32 AM.

[eminimee]

Soon...721.25 oex and/or 1561.80ish will get hit for some type of top....then we have to see the pull back...right now it looks like chop up to those numbers and may get hit near close or in the morning....if we get there on close..I'll be selling it

Edited by Teaparty, 17 July 2007 - 09:45 AM.

[arbman]

This probably marks the low for the day... Otherwise it is going much lower today...

[Russ]

short es at 1564.45

1564.50, right ?

Yes that is correct, not sure why it showed up as .45 initially. I usually do market orders. Have now covered at 1562.50...this is a sideways market today so far. Standing aside for now. I think it is eventually going to go down and test the big gap around spx 1520 , es 1531

[arbman]

I am just pissed today to myself, I had a plan for a low today, the market knows how to fool, probably it drops like a rock now...

[arbman]

Once again, faking everyone, up down up down, the expiration week. But it is making people more bearish than bullish, imho...