3 replies to this topic

[NAV]

Closing the rest 50% of my ES long for 3 points profit. If they gap-up, so be it. If they gap-down on INTC, then the usual business, buy it. Gap-down on news is always bullish. Oh god, please give a gap-down tommorow.... 15 points in this chop zone, while ES has gone nowhere. Can't complain Good trading folks.

Edited by NAV, 17 July 2007 - 02:08 PM.

[hiker]

NAV..realize you trade ES primarily on US mkt fyi...couple measuring objectives for SMH..42 next based on recent weekly pennant 70 potential long-term measurement based on 2002-2007 pennant caution..some nearby fib extension nearly achieved today- Fib extension targets 41.41/41.50

Edited by hiker, 17 July 2007 - 02:13 PM.

[NAV]

70 potential long-term measurement based on 2002-2007 pennant

You are scaring the bears. Don't you see my avatar. I ain't one

On a serious note though, if ther's one chart that i woudn't short, it's the SMH. It's clearly in a wave 3.

Edited by NAV, 17 July 2007 - 02:16 PM.

[ogm]

Don't know about SHM, and I'm not really playing it. I'm long quite a bit of AMAT, and its one of the largest components there, otherwise, nothing really exciting in semiconductor land. But..... NYSE... that looks very suspect. TRIN above 1 most of the day, A/D barely struggling to stay positive. Overall, not very exciting while DOW hitting 14k. NYSE is barely green.