Got 76 Dow points out of that. Flat for now
Tea party, Ill answer later if thats cool.
Good Risk/reward for a short right here
Started by
saltlake
, Aug 09 2007 11:22 AM
13 replies to this topic
#11
Posted 09 August 2007 - 12:27 PM
#12
Posted 09 August 2007 - 12:45 PM
50% retrace of this week's recovery at 1465.
done with short unless move below 1465
long QQQQ from 48.08 area which is 50% retrace at 48.04
Nice trade, Hiker ! Yes, bounced at 1465 support, but I think it will trade intra-day < 1459 tomorrow or Monday (but not close below, as you point out). If it holds > 1452 intraday, I think next week's game plan is to throw long.
Went long GS at 184, stop LOD. Tgt 190's.
Edited by beta, 09 August 2007 - 12:46 PM.
"Daytrading -- An Extreme Sport !"
#13
Posted 09 August 2007 - 01:04 PM
... stopped out even GS. Will look for GS Aug calls lower.
"Daytrading -- An Extreme Sport !"
#14
Posted 09 August 2007 - 02:11 PM
DOWNSIDE TARGETS MET (1459) -- sold AAPL 130 puts and flipping long (i.e., short SDS @ 56).
Stop SPX 1452
Will add to longs > 1467
Edited by beta, 09 August 2007 - 02:14 PM.
"Daytrading -- An Extreme Sport !"