Edited by Vector, 23 August 2007 - 07:22 AM.
ST cycles peaking now
Started by
Vector
, Aug 23 2007 07:19 AM
2 replies to this topic
#1
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 Very reminiscent of my Sept 1998 vacation!
#2
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
Posted 23 August 2007 - 09:53 AM
txs
no doubt
http://stockcharts.com/h-sc/ui?s=$SPX...id=p39408216213
mrkt's been correcting/consolidating ever since early June (in a broad sideways a-b-c)
slow at first and then as usual culminates in one hell of a swift scary doozie. That last C fools em EVERY darn TIME
no doubt
http://stockcharts.com/h-sc/ui?s=$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
Edited by Vector, 23 August 2007 - 09:54 AM.