If you are a bull...
Started by
NAV
, Aug 13 2007 09:01 AM
13 replies to this topic
#11
NAV
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Posted 13 August 2007 - 11:12 AM
That strong reversal from 1462.50, most likely means we have seen the lows for the day and the gap-fill is now highly doubtful at this point. On the 30-min charts, it now looks like a nice sideways consolidation.
#12
ken29
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Posted 13 August 2007 - 12:29 PM
Nav,
Is the breaking of today's 1462.50 low a concern to you and how close are you to a 30 min and 60 min continuation sell?
#13
NAV
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Posted 13 August 2007 - 12:58 PM
Nav,
Is the breaking of today's 1462.50 low a concern to you and how close are you to a 30 min and 60 min continuation sell?
Ken,
It is a concern. We need to accelerate after 2:00 PM Est. Otherwise, the 30-min trend which is up right now on the ES will be turned down. I am snugging my stop to 1460.25. I dont' have any 30-min or 60-min sells at this point.
Edited by NAV, 13 August 2007 - 12:59 PM.
#14
NAV
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Posted 13 August 2007 - 01:37 PM
Moved stops to 1463. Going for a walk now.....
