6 replies to this topic

[hiker]

146.42 see horizontal back for mos.... short 145.34 with stop ot 146.42 may be the play...personally, 146.42 looks reachable to me and time will tell is it a pause only here at the 200day sma?

Edited by hiker, 17 August 2007 - 08:35 AM.

[hiker]

short SPY at 1450 SPX R4... convergence of SPY 20 day ema value with 146.42 horizontal may still be a magnet medium pos size have lowered stop... if SPY does not move back above 200day ema near 144.74, this may be the end of the day's advance.

[hiker]

covered short 143.57 to 143.65 next SPX support is 1427 ck out fib retrace for the current bounce

[hiker]

reentered short when the .707 retrace of the bounce today failed to hold..near 143.20... do not like this dead zone time period of the day so stop is tight

[hiker]

came within 22 cents of SPY gap fill, which was a good spot to enter long. stop near 142 for now. SPY now trading 143.41.....if a sustained move above 143.29 does not continue, I am impatiently closing the new long am now flat...do not like trading this 10:30 to noon dead zone time...143.94 tp 144.40 is on my alert screen

Edited by hiker, 17 August 2007 - 10:07 AM.

[hiker]

med size short SPY 144.60-.67...stop nearby...move above 200day ema and may need to flip long,.until then considering 200day ema a good reversal point

[hiker]

is SPX going to move above 1447 major horizontal here?