11 replies to this topic

[hiker]

which? over 1438 or over 1447? or below both? Friday close was 1433.06 an intraday move to 1460 is possible before the FED?

Edited by hiker, 06 August 2007 - 12:29 PM.

[relax]

below 1.447!

[traderpaul]

which? over 1438 or over 1447?

or below both?

Friday close was 1433.06

an intraday move to 1460 is possible before the FED?

Your guess is as good as mine.....Anything is possible.....Since you are looking up.....I say if this market is this oversold and this dead cat bounce just not impressive......below 1438 is my guess....

[hiker]

looking at the SPX 15min and the 60min, looks like bears are trying very hard to push for lower prices, and bulls are not able to bring about any sustained buying yet. 60min approaching convergence of 15sma moving down toward 5 sma is a whipsaw alert sign, but this could more easily worsen than bounce in my opinion..still iffy to predict I will vote NOW for a close below 1438, but anticipating instead of reacting to a potential intraday move below 1438 can be dangerous to trading. HEADS UP...for now the 3min SPX is on a confirmed buy with price, the 5sma and 15sma all reside above the 200sma incl all extended sessions. I am flat and waiting.

Edited by hiker, 06 August 2007 - 01:06 PM.

[SemiBizz]

we should be heading to 1424 by the close, we may not make it all the way there though...

[hiker]

semi...heads up on FCX...using an unusual and not well known measurement method, I have a potential bottom spotter 78 to 81 which was touched today... below 78, and all bets are off with this method. 81.40 was low of this decline reached today, for now SPX..looks like a potentially powerful 15min move in the works for now...200sma on 15min remains above by 1 point plus 1 min SPX looks like most powerful move we have seen in a while today...I would not want to be short right now with these configs.

[SemiBizz]

I'm not short... YET... sold my QID this morning on that 2492 crash gap fill

[hiker]

SPY day high at 145.18 not far away now...144.96 just crossed if we see end of day action above the 200day ema/sma right near 1450..shorts will be trying to move out the keyhole together. 60 min SPY is approaching a prelim. buy...if 5sma crosses above 15sma.

Edited by hiker, 06 August 2007 - 01:43 PM.

[thespookyone]

Above 1445

[SemiBizz]

the treend is your freend... this is counter treeend rally, that is all.