10 replies to this topic

[eminimee]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

Edited by Teaparty, 23 July 2007 - 10:46 AM.

[LarryT]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

Good trade, expecting 1530 this week, short from near 1550. Anybody notice the dollar traded in the 70s last week....

LT

[vitaminm]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

es 1day chart/3min sell............S@1549

[eminimee]

Good trade...not yet Larry.. .. only time will tell....also looking at this possibility..



http://stockcharts.com/c-sc/sc?s=$NDX&p=15&yr=0&mn=11&dy=21&i=p60950679237&a=89413079&r=5720.png

[zedor]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

Good trade, expecting 1530 this week, short from near 1550. Anybody notice the dollar traded in the 70s last week....

LT

The DXY never traded below 80 last week or this week

[LarryT]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

Good trade, expecting 1530 this week, short from near 1550. Anybody notice the dollar traded in the 70s last week....

LT

The DXY never traded below 80 last week or this week

Dollar futures traded below 80 last week ZEDOR and it aint August yet.

[zedor]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

Good trade, expecting 1530 this week, short from near 1550. Anybody notice the dollar traded in the 70s last week....

LT

The DXY never traded below 80 last week or this week

Dollar futures traded below 80 last week ZEDOR and it aint August yet.

This what I would call grasping at straws. Which futures ? for how long ? and what was the low price? And where are they now?

Futures are NOT the dollar -- they are a derivative.

Here is a chart of the dollar index which shows prices never went below 80.

Since you always use the cash index for your SPX prognostications your reference to some futures in the case of the dollar is well a sellective way to try to prove that wich has not happened.

[rkd80]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

larry,

are you of the opinion that a sinking dollar provides a short-term boost to the market or the other way around? i been hearing a lot of conflicting opinions of what impact a falling us dollar has on our market, wanted your opinion on it - if you wouldnt mind.

[eminimee]

took 1/3rd off at 48.75...same stop on balance.

[vitaminm]

I like the risk/reward....short at 1555 ES with a stop at 59.50...Maybe wrong and we still need another high on ES... but playing the oex chart posted earlier.....Only risking 4 and a half points anyways....to get at least 20 or more.

es 1day chart/3min sell............S@1549

did 1549 next 2days hrly S@1540-1542