3 replies to this topic

[dcengr]

I'll buy more calls then. Probably starting soon.

[Frac_Man]

10:30 am

If short from yesterday .................... I would want to take profits ....
A short term bottom appears to be forming .........

8/6/07 11:00 am is your generator ------- hmmmm same time again for a possible bottom !
let's see if this holds today

I'll buy more calls then. Probably starting soon.

[hiker]

you don't think that 13,110 Dow test at the 11:40 time was significant to the bounce action now underway?

SPX was 1437 area at the time.

that looked to me like the retest of intraday levels of most importance here, now that the bounce accelerated from that retest .

if the SPX 200day ema just above is recaptured by futher bounce, then watch out above...

here is real-time post at 11:41 with observations -

http://www.traders-t...showtopic=74354

Edited by hiker, 10 August 2007 - 11:05 AM.

[dcengr]

you don't think that 13,110 Dow test at the 11:40 time was significant to the bounce action now underway?

SPX was 1437 area at the time.

that looked to me like the retest of intraday levels of most importance here, now that the bounce accelerated from that retest .

if the SPX 200day ema just above is recaptured by futher bounce, then watch out above...

here is real-time post at 11:41 with observations -

http://www.traders-t...showtopic=74354

My work suggests today's a down day.. which suggests a close closer to lows than a complete reversal. So I'm looking for a retest of the lows and a close slightly above the lows.

I'm thinking the real bounce comes on OPEX week, but you know what they say about "thinking".