Jump to content



Photo

ST cycles peaking now


  • Please log in to reply
2 replies to this topic

#1 Vector

Vector

    Member

  • Traders-Talk User
  • 1,828 posts

Posted 23 August 2007 - 07:19 AM

next ST cycle pullback due anytime will give us clues but I feel that last Thurs (while I was enjoying my vacation body-surfing waves without a care and LMAO at the panic and absurdity) was the price bottom. Good thing I had no connectivity or else I might have done something really stupid and SOLD or gotten SHORT :P Very reminiscent of my Sept 1998 vacation! :redbull: :redbull: :redbull: :redbull:

Edited by Vector, 23 August 2007 - 07:22 AM.


#2 beta

beta

    lasergirl

  • TT Patron+
  • 4,093 posts

Posted 23 August 2007 - 09:15 AM

Welcome back from vacation, V ! Good read here, Im also looking for a short-term pullback to 1420 area for the next buying opp. Flipped my calls, and switching to putz this morning. Following the pullback, think we get another run to SPX 1520 by Labor Day.

Edited by beta, 23 August 2007 - 09:15 AM.

"Daytrading -- An Extreme Sport !"

#3 Vector

Vector

    Member

  • Traders-Talk User
  • 1,828 posts

Posted 23 August 2007 - 09:53 AM

txs

no doubt

http://stockcharts.com/h-sc/ui?s=$SPX...id=p39408216213

mrkt's been correcting/consolidating ever since early June (in a broad sideways a-b-c)

slow at first and then as usual culminates in one hell of a swift scary doozie. That last C fools em EVERY darn TIME :lol:

Edited by Vector, 23 August 2007 - 09:54 AM.