12 replies to this topic

[atlasshrugged]

[ogm]

True, but considering last 2 Friday's closes...... This one is different.

Also don't forget how low we were at the open.

But I don't really like the setup for monday, TBH.
However we'll probably have more volatility.

[NAV]

And why is that ? If there's a minor selloff at the close, it 's usually bullish for the next day. If we close at the top tick, it's a gap-down signature. I think it was a pretty decent close. If they gap-up 10 points on ES on Monday, it will turn the 30-min up and will be a whole different ballgame.

[S.I.M.O.N.]

yep classic Black Monday setup
400+ down day monday
but remember
go long when the bottom occurs....
enjoy

[atlasshrugged]

And why is that ? If there's a minor selloff at the close, it 's usually bullish for the next day. If we close at the top tick, it's a gap-down signature. I think it was a pretty decent close. If they gap-up 10 points on ES on Monday, it will turn the 30-min up and will be a whole different ballgame.

i dont think 15 es points is minor do you? from the close of the cash mkt

[espresso]

True, but considering last 2 Friday's closes...... This one is different.

Also don't forget how low we were at the open.

But I don't really like the setup for monday, TBH.
However we'll probably have more volatility.

Yes this Friday is different as i said yesterday:
I do not have a buy signal for Monday(last Friday I had a beautiful one!)
Only thing out there is Hope that Central Banks will save us...!

Edited by Espresso, 10 August 2007 - 03:24 PM.

[pdx5]

If all the help from Fed did not fully revive this patient, the patient needs a strong dose of chemo, not demoral.

[rkd80]

If all the help from Fed did not fully revive this patient,
the patient needs a strong dose of chemo, not demoral.

why is this close horrible? Because we sold off a bit? I can argue that we closed way off the lows of the day.

[NAV]

And why is that ? If there's a minor selloff at the close, it 's usually bullish for the next day. If we close at the top tick, it's a gap-down signature. I think it was a pretty decent close. If they gap-up 10 points on ES on Monday, it will turn the 30-min up and will be a whole different ballgame.

i dont think 15 es points is minor do you? from the close of the cash mkt

Yes that 4:00 - 4:15 was ugly. If you think like a criminal, they could be using that to position themselves for a gap-up Monday. But then this is a loony volatile market. I just can't predict what's gonna happen next hour, let alone the next day. We could see another 20 point gap-down or a 20 point gap-up. Who knows ?

[espresso]

yep classic Black Monday setup
400+ down day monday
but remember
go long when the bottom occurs....
enjoy

Any chance for NDX 1838?
That's my number!