7 replies to this topic

[A-ha]

...

[rkd80]

...

sweet...i am still waiting for that gap fill at around 1452. but that is some impressive trading.

[A-ha]

I am very bearish for the next 5-10 trading days I will be shorting DJR and BKX via SRS and RKH later today... also building short position in NQ for a swing

[atlasshrugged]

...

very nice trading...

[ken29]

If you are bearish for the next 5-10 days, does it mean now you are looking for the market to break the 8/16 low within the next 5-10 days?

[A-ha]

...

very nice trading...

Thanks... I hope we get higher prices later in the day, to short for the big one.

If you are bearish for the next 5-10 days, does it mean now you are looking for the market to break the 8/16 low within the next 5-10 days?

No break, no test.

I expect this sell off to be less volatile, unlike the first one. It should take more time to reach the bottom of this swing (somewhere around 50 points below where we were at the open today), assuming that my omnipotent indicator nailed this IT bottom on 8/16 too.

http://www.traders-t...?...st&p=309519

If we test the lows on SPX, we may crash. Because that is what happened in 98 after this indicator gave a buy

Edited by A-ha, 23 August 2007 - 11:54 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=4&i=p83797310860&a=93322579&r=4509.png

[eminimee]

not so great looking H&S....would target 1435ish if good

http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=4&i=p83797310860&a=93322579&r=8841.png