Edited by hiker, 17 August 2007 - 08:35 AM.
SPY
Started by
hiker
, Aug 17 2007 08:33 AM
6 replies to this topic
#1
Posted 17 August 2007 - 08:33 AM
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?
#2
Posted 17 August 2007 - 08:55 AM
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.
#3
Posted 17 August 2007 - 09:19 AM
covered short 143.57 to 143.65
next SPX support is 1427
ck out fib retrace for the current bounce
#4
Posted 17 August 2007 - 09:43 AM
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
#5
Posted 17 August 2007 - 10:03 AM
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.
#6
Posted 17 August 2007 - 12:24 PM
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
#7
Posted 17 August 2007 - 02:24 PM
is SPX going to move above 1447 major horizontal here?