Edited by NAV, 20 August 2007 - 08:38 AM.
Swing trade....
Started by
NAV
, Aug 20 2007 08:37 AM
2 replies to this topic
#1
NAV
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Posted 20 August 2007 - 08:37 AM
Bought Sep SPY puts right here near SPX 1450 area. Mental stop near SPX 1467.
Will start shorting ES on a hourly sell confirmation.
#2
vitaminm
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Posted 20 August 2007 - 09:11 AM
One may watch OIH that leads market.
vitaminm
#3
tommyt
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Posted 20 August 2007 - 09:26 AM
too early for a retest ( maybe 100-150 for scalpers though)...we did some of the right things on the drop, very oversold ST, some divergences, massive candle on massive volume, and sentiment that some areas were going to 0. we should probably go sideways for 3-5 days and then have a smaller leg up. Then may get a better pullback.
