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spx weekly

Started by eminimee , Jul 24 2007 09:28 AM

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6 replies to this topic

#1 eminimee

I don't care who's fur is flying...

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Posted 24 July 2007 - 09:28 AM

Focus on the vix:spx...some good rallies can start from a touch of the ema I have on there...also testing mid fork on price. All internal indicators are not my main focus here....but I am interested in the nyad cum. tonight..

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=7&mn=6&dy=0&i=p18507551686&a=57601821&r=1495.png

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=6&dy=21&i=p97065366508&a=110673659&r=8826.png

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&st=1997-01-21&en=1998-12-31&i=p11315344650&a=112458338&r=5443.png

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#2 Russ

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Posted 24 July 2007 - 09:32 AM

Don't forget about that gap at spx 1520...es 1531

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong

http://marketvisions.blogspot.com/

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#3 ogm

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Posted 24 July 2007 - 09:51 AM

I would point out that MACD before all these good rallies was reseting at zero line on SPX, and now its breaking down from negative divergence. This isn't exactly the same setup. And stochastics were oversold too. And now they look almost like MACD. Btw, did summations look the same way too as they are now ?

They are in freefall as we speak.

Edited by ogm, 24 July 2007 - 09:54 AM.

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#4 eminimee

I don't care who's fur is flying...

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14,307 posts

Posted 24 July 2007 - 10:49 AM

You seem to want to argue your short position....all I'm doing is staying neutral, trading set ups, making money and on guard for anything that could scorch us ....by the way...summations were not available in 97.... I reshorted 43 and looking for the gap to get filled...I'm half off at 36..stop on balance at 40

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#5 ogm

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Posted 24 July 2007 - 10:56 AM

You seem to want to argue your short position....all I'm doing is staying neutral, trading set ups, making money and on guard for anything that could scorch us ....by the way...summations were not available in 97....
I reshorted 43 and looking for the gap to get filled...I'm half off at 36..stop on balance at 40

I'm just pointing out what I see. Don't get me wrong.

Good trading.

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#6 slatedrake

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Posted 24 July 2007 - 10:57 AM

I reshorted 43 and looking for the gap to get filled...I'm half off at 36..stop on balance at 40

43 on ES was a monster call...nice stuff Tea.

I'm looking to see what happens if we get a gap fill down to 1529.70. The gap in the $SPX between 1504 and 1506 concerns me though...wondering if we don't make an attempt to fill that as well before the next leg up.

Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.