19 replies to this topic

[NAV]

Continuation sell on ES. FWIW

[OEXCHAOS]

I took profits for Premium Subs at 147950. I'm outta here for now, but when I get back, I'm thinking I'll be looking long again. We'll see. My stuff is borderlin flashing a pre-sell, ST. If it bounces, it's bullish. Bye for now. C ya in a bit.

[NAV]

I took profits for Premium Subs at 147950.

I'm outta here for now, but when I get back, I'm thinking I'll be looking long again.

We'll see. My stuff is borderlin flashing a pre-sell, ST. If it bounces, it's bullish.

Bye for now. C ya in a bit.

Mark,

Looking to go long ? - I was thinking the same this morning. They turned the 30-min trend up, but could not turn the 60-min up, which still remains down. And worse, the the 60-min is in a backkiss mode. So it could blossom into something ugly very soon. Good luck.

Edited by NAV, 02 August 2007 - 12:25 PM.

[hiker]

NAV...my system had me selling R once confirmed failure at R was in play...NQ and ES... 60 min SPX remains on a prelim buy today with price now just below the 5sma on recent candle high...so my trade is a low probability trade and size is accordingly do not know how ugly this could get, but being short is how I am betting. SPX cash above 1470 to 1474...staying short now until move above NQ until QQQQ is above 48.25R have no idea right now how much downside am shooting for...just trading off the 13 and 60 minute for now with an eye on the 3min i could be completely wrong, and should just be flat and waiting for more time to reveal price action..taking the bet anyway based on R failure am going out for a bike ride with my dog, with stops in play...windy as heck here, like the market btw, this is the scan summary of 400 stocks with rising trends in recent mos/years - as of approx 12:52 ET stocks now trading above prior 52-week intraday high more than 2% above GRMN 3% above IVGN 3% OII 4% less than 2% above AGN BG EPAX NOK NVT RTN SHPGY SIAL

Edited by hiker, 02 August 2007 - 12:38 PM.

[Jnavin]

It's windy in Wyoming? Get out of here. I'm back to cash as of this morning.

[jacksterr]

I'll be on my bike after 4:00, its HOT here >90deg

[beta]

Going long right here (SPX cash 1466), stop 1462. Broke the 60-min downtrend, higher-low formation w/ momentum turning up, coiling on shorter timeframes. Im thinking it runs up into SPX 1495-1510 range before next Tuesday's Fed.

Edited by beta, 02 August 2007 - 12:45 PM.

[vitaminm]

ym S1@ 13400 S2@ 13200

[skyymaster]

Continuation sell on ES. FWIW

What does this look like on a chart ? Continuation Sell that is.

Thanks

[hiker]

closed all shorts last minutes...rather be flat than crystal ball the trade here. may miss out on further move down the intraday t/l's I have drawn on SPX show price is staying just below the upper d/t line...sure, the late price channel has a downward slope, but something here reminds me of a flag...I am being overly cautious holding a medium sized short...1464 SPX cash needs to hold..the rising bottoms t/l is about 1463....I am flat right NOW. supports below closing basis yest 1460 1454 1457 or so could easily be a downside tgt SPX cash based on one price channel

Edited by hiker, 02 August 2007 - 01:43 PM.