Edited by A-ha, 22 August 2007 - 11:36 AM.
unloading everything
#1
Posted 22 August 2007 - 11:31 AM
#2
Posted 22 August 2007 - 11:36 AM
i cant heeelllpppp
SHAKE & BAKE
#3
Posted 22 August 2007 - 11:37 AM
for 70+ handle on spoooz and most of the other chits too...
i think we may punctuate those trend lines one more time... (intraweek sell off to ndx 1850)
lows will not be seen, not even close but why stay long during a 50 handle sell off
Good trade !
#4
Posted 22 August 2007 - 11:43 AM
i cant heeelllpppp
SHAKE & BAKE
i wasnt really trying to pump,
i really think those lows will not be seen in near future and ndx is headed to new highs over intermediate term
but vix is still relatively high and last weeks gigantic volume will magnet the price towards there little bit
equity p/c finally dropped to a level which usually coincides with the end of the corrective moves in an IT downtrend
i think we may sell down to 1850 on ndx
for 70+ handle on spoooz and most of the other chits too...
i think we may punctuate those trend lines one more time... (intraweek sell off to ndx 1850)
lows will not be seen, not even close but why stay long during a 50 handle sell off
Good trade !
thanks NAV
Edited by A-ha, 22 August 2007 - 11:46 AM.
#5
Posted 22 August 2007 - 11:47 AM
#6
Posted 22 August 2007 - 11:51 AM
for 70+ handle on spoooz and most of the other chits too...
i think we may punctuate those trend lines one more time... (intraweek sell off to ndx 1850)
lows will not be seen, not even close but why stay long during a 50 handle sell off
darn good trade, nice job. i figured you would be holding for longer than this...per that discussion about trying to time tops. But since you are not going short, i guess taking profits is perfectly fine.
#7
Posted 22 August 2007 - 11:51 AM
i wasnt really trying to pump,
Markets are at major resistances,e.g. 20dma and other ma as well as B/O break R...
so it is expected a pull back...
But will see CLOSE.
#8
Posted 22 August 2007 - 11:54 AM
#9
Posted 22 August 2007 - 11:57 AM
XD,
What's your take on the performance of NDX during this correction? (It greatly outperformed the general market during this decline) Is that the reasoning you think NDX will move to new high?
Thanks
ST
Isnt it so obvious on the charts posted in my previous message
http://www.traders-t...showtopic=75210
the index broke out and held it. Aside from intraweek sell offs that will close above the breakout levels, up it goes
#10
Posted 22 August 2007 - 11:59 AM
Edited by ogm, 22 August 2007 - 12:01 PM.