Looks like an intraday low...
Anybody is looking to step in here?
Started by
arbman
, Jul 20 2007 11:07 AM
13 replies to this topic
#2
rkd80
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Posted 20 July 2007 - 11:11 AM
It seems like 1535 on ES has to be hit before they can start turning things around. Its the TL that connects the 7/11 low and the one from few weeks before that.
Also the 61.8 retrace from the pre-thursday bottom.
“be right and sit tight”
#3
arbman
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Posted 20 July 2007 - 11:15 AM
I covered all of my shorts from yesterday right here. It is not worth it.
#4
Rogerdodger
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Posted 20 July 2007 - 11:15 AM
Maybe some at this area.
But us retard traders are waiting for the short bus.
http://stockcharts.c...6931&r=6015.png
But us retard traders are waiting for the short bus.
http://stockcharts.c...6931&r=6015.png
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
NAV
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Posted 20 July 2007 - 11:17 AM
Not yet. Missed a limit order short entry at ES 1553. Not chasing the decline. Just waiting patiently here.
Edited by NAV, 20 July 2007 - 11:21 AM.
#6
denleo
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Posted 20 July 2007 - 11:26 AM
Are you guys thinking today is a repeat of Wednesday?
Denleo
#7
ogm
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Posted 20 July 2007 - 11:26 AM
I covered all of my shorts from yesterday right here. It is not worth it.
Taking profits is always a good idea, but....
Everything is pointing down now. Daily, weekly, hourly, internals.... you name it. Everything made huge divergences and starting to break finaly.
This thing is getting in gear to the downside.
One thing I wouldn't do here is try to pick a bottom.
Not yet at least.
Edited by ogm, 20 July 2007 - 11:27 AM.
#8
hiker
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Posted 20 July 2007 - 11:27 AM
bought with all fists at this low....as stated for most the the week, I have not been long much.
this may just be a daytrade.
short GLD from near 68..risky trade.
#9
bliss just missed
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Posted 20 July 2007 - 11:44 AM
bought with all fists at this low....as stated for most the the week, I have not been long much.
this may just be a daytrade.
short GLD from near 68..risky trade.
Reminds me of a Friday during expiration 2.5 years ago when Merck came out with Vioxx news, market will continue to decline into close. CAT, MSFT and financials very weak. 1539 and 1541 good entry points but I see a break below these levels, then a hard break near the close and short covering for 3-4 points at the very end of the day. Market internals very weak.....just my gut and experience. Good luck.
#10
ogm
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Posted 20 July 2007 - 11:47 AM
bought with all fists at this low....as stated for most the the week, I have not been long much.
this may just be a daytrade.
short GLD from near 68..risky trade.
Very risky.
USD is breaking through some multi year lows today.
Not helping stocks much either.
And that said I'm long term bearish on Gold. Just not today
