5 replies to this topic

[hiker]

premkt low was near S3 for SPY QQQQ S3 at 48.00 held in the premkt...now 48.30's trade

Edited by hiker, 09 August 2007 - 08:38 AM.

[hiker]

considering a 2-day rising bottoms t/l that now terminates just above 148 and the 200sma on 1 minute near 148.40 and 15sma on 15min nearby....short bounces in 148 to 148.40 zone? premkt high 148.67 ----------- later - 147.97 was not overcome just now

Edited by hiker, 09 August 2007 - 08:56 AM.

[hiker]

25% short SPY 148.90's...giving it room to about 149.75 horizontal in play recently....probably should have wiaited, but took it anyway swing trade in mind with this portion, tho daytrading SPY has been my habit this week.

Edited by hiker, 09 August 2007 - 09:39 AM.

[hiker]

config of 3min SPY has flipped to bearish croosover most recent candle for the 5 vs 15sma's on 3min..whipsaw? 147.80 seems to want to hold btw, today's high did not move above the 200sma on 3min incl extended sessions

Edited by hiker, 09 August 2007 - 09:55 AM.

[hiker]

15min SPY once again the 15sma is being tested by this downside action the 5 and 15sma's are now pointing down again after pointing up for some of the day..the 5sma remains above the 15sma by about 30cents distance on the 15min the 200sma held today's early low a support t/l drawn from Aug 7 remains above most recent intraday price action on 15min

Edited by hiker, 09 August 2007 - 10:49 AM.

[hiker]

3 min SPY pirce continues to pull down the 15sma for now which remain in bearish crossovers...5 sma trying to reverse driection right now as 1468 S3 was approached...1460 horizontal below, is it a magnet or not?

Edited by hiker, 09 August 2007 - 12:03 PM.