14 replies to this topic

[A-ha]

over.. its scorch time now important level to watch SPX cash 1414

Edited by A-ha, 16 August 2007 - 12:19 PM.

[hiker]

willing bids above 1385/1386 needed first..yes, I am now long but have tightened stop right here

[A-ha]

willing bids above 1385/1386 needed first..yes, I am now long but have tightened stop right here

its very volatile, but i think we will have some sort of reversal today

SPX cash must hold 1378 in the next few minutes, then a higher high will confirm it imo

Edited by A-ha, 16 August 2007 - 12:26 PM.

[A-ha]

yup it held... next immediate level to watch on spy 139.75

Edited by A-ha, 16 August 2007 - 12:42 PM.

[hiker]

I am out here of all leveraged longs...not counting on more than 1390 to 1391 cash..I may be early

[ogm]

I don't think there will be scorch. I think there will be basing process. Then scorch. With the big part of the scorch escalating into Sept 18th.

[esther231]

BKX has made a higher high on the 15 minute chart.

[A-ha]

i think today was a great ST trade opportunity on the long side but most of the selling climaxes get tested after the first trust rally we will see i have a mental stop below march lows, target SPX cash 1440

[arbman]

Not much institutional foot prints in the TICK, I would think this is only a bounce for now...

[esther231]

Yep. I think Mark also mentioned that the first buy is often a fakeout. Still, this might be tradable if it makes a higher low. I'm flat. These moves are too fast and too big for me to trade well. Just as likely to get myself killed as make money.