Because theres a lot of bears out there, and its a Fed day..
If SPX 1450 holds, which I think it will, then after Fed we may see da squeeze.
Gone a small position long
Started by
dcengr
, Aug 28 2007 09:01 AM
4 replies to this topic
#1
dcengr
-
- Traders-Talk User
- 13,391 posts
Member
Posted 28 August 2007 - 09:01 AM
Qui custodiet ipsos custodes?
#2
rkd80
-
- Traders-Talk User
- 2,385 posts
Member
Posted 28 August 2007 - 09:49 AM
I am not sure why 1450 is such a magical number. I would consider 1403ish to be more important and a number that should hold. If that happens,then we get an inverse H&S, higher lows and a good point from where to continue marching higher.
“be right and sit tight”
#3
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 28 August 2007 - 09:54 AM
Because theres a lot of bears out there, and its a Fed day..
If SPX 1450 holds, which I think it will, then after Fed we may see da squeeze.
What are you long and where's your stop ?
#4
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 28 August 2007 - 09:56 AM
Sold all my oex puts for a double.... still scalping ES. I have a gap at 52.50 fill at 52.50 es
#5
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 28 August 2007 - 09:58 AM
These are old Fed minutes. I don't think they are relevant at this point.
But we have Fed meeting coming up on Sept 18th.
