4 replies to this topic

[hiker]

if long, min upside could be the 20week ema at 147.75...horizontal across closes at 147.65 looks interesting risk to what? today's gap did not fill, so call today's low min risk to 145.33 above 1430 to 1434 continues to be the bullish support signal, so risk to that area is possible..who knows? I am short again as posted at my TT blog last 15minutes

[relax]

seems like a great move point and figure LT chart will give a buy signal at 1.470, so of course reaching 1.470 will be tough and also the falling trendline from the top is bound to be good resistance at least 30 points down is what i am looking for 1.400-1.410 could also be hit - that area is support on the point and figure LT chart

Edited by relax_dk, 22 August 2007 - 02:57 PM.

[A-ha]

if long, min upside could be the 20week ema at 147.75...horizontal across closes at 147.65 looks interesting

risk to what?

today's gap did not fill, so call today's low min risk to 145.33

above 1430 to 1434 continues to be the bullish support signal, so risk to that area is possible..who knows?

I am short again as posted at my TT blog last 15minutes

I think its little early for indices but maybe not for OIH

I think its going to 162 in a few days

[hiker]

overall, seems like a low probability trade win...and I sized it that way. just posted the trade anyway at the blog with the bullish info. on the 60minute. tomorrow premkt may be hard to sit through if short...will see what happens.

[chichi2]

Interesting Breakout, Retest, Breakout Success... Altho it is only a minor move it has beauty.

This is a capsule of my longer term chart, showing microscope vision of today.
click on the URL then click on the lower right of the chart to enlarge it

SPY 15 min chart

now we wait to see if SPY can hold it

Tune in again Tomorrow
as the once said on the Soap Operas

They hoping we will tune in (as on Broadway)
Tomorrow, and Tomorrow, and Tomorrow...