9 replies to this topic

[NAV]

Stocks down....energy down....dollar down....gold and silver going down....bonds going down.....Fundamentalists nightmare

[hiker]

the makings of a "bear trap" very likely in my op IBM just made a new 52-week high, btw. QQQQ unable to break 49.67 today ...horizontal that may be near-term line in the sand for tech only

Edited by hiker, 24 July 2007 - 11:23 AM.

[NAV]

the makings of a "bear trap" very likely in my op

IBM just made a new 52-week high, btw.

QQQQ unable to break 49.67 today ...horizontal that may be near-term line in the sand for tech only

That's my thinking too. But i will wait till the post-lunch session, before i jump into any conclusions.

Edited by NAV, 24 July 2007 - 11:39 AM.

[Drano]

I myself prefer to jump to conclusions early and often.

[NAV]

I myself prefer to jump to conclusions early and often.

No QIDding !

[eminimee]

Nav, Hiker..check your messages...I think I see it...where spx 1520 might be the spring... That would be below my 1524.50 number...but that number is on a close basis...

[NAV]

I am not sure if many are looking at OEX. It is yet to break the 7/20 lows, which means it's coming. I am currently working on a 30-min sell, which i posted on denleo's thread.

[LarryT]

Took profits at 1533.50, still expecting a lower low near 1530 later.

[NAV]

Took profits at 1533.50, still expecting a lower low near 1530 later.

Good trade.

Collected 7 points on my 30-min ES continuation sell. Out and flat like a pancake.

[LarryT]

Took profits at 1533.50, still expecting a lower low near 1530 later.

Good trade.

Collected 7 points on my 30-min ES continuation sell. Out and flat like a pancake.

Wednesday should be an up consolidation day then lower into Friday. After Friday cycles turn up for a week. May catch the bounce for a scalp. I am a better analyst then a trader so most of my trades are swing trades for 10-20 points.

LT d:^)