8 replies to this topic

[eminimee]

with OEX calls..

[mdwllc]

with OEX calls..

TP: In with you; long ES @ 137.50 Good trading MDW

[eminimee]

very bullish things happening....maybe mega bullish

http://stockcharts.com/c-sc/sc?s=$OEX:$SPX&p=D&yr=1&mn=11&dy=0&i=p27714287378&a=99886703&r=597.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1987-01-01&i=p89395564987&a=68755843&r=5838.png

[denleo]

It will be a good trade Tea. Very good trade. I will be joining you by scaling in tomorrow and possibly later this week. Denleo

[selecto]

Well, we have a market, then, as I can see disaster for longs in here. Price momentum is unarguably for down, internals are turned, turning or zoned. 5 sma VIX and VXN go to sell today. I'm short the cubes intraday H+S break at qid 47.06, closed 47.55. There's more.

Edited by selecto, 28 August 2007 - 04:10 PM.

[Russ]

There's a gap at spx 1414.89 that may need to be closed first...visible on 30 or 60 min. charts.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=5&g=0&i=p62537903284&r=958.png

[thespookyone]

Well, we have a market, then, as I can see disaster for longs in here.
Price momentum is unarguably for down, internals are turned, turning or zoned. 5 sma VIX and VXN go to sell today.
I'm short the cubes intraday H+S break at qid 47.06, closed 47.55. There's more.

I hear you selecto. I was short the Q's (puts) into today, sold em, reshorted the bounce around 1:50 and closed them out end of day. I saw nothing screaming solid bottom today, though I felt no need to hold overnight again here-with the risk reward less aluring to me than it was yesterday. Odd thing here is I really favor Teapartys ABC expanded flat possibility-over several possible counts. Love the play off the possible counts, though, as bulls can, amongst other counts, see this as a two down-at the same time bears see it as a 3 down-makes for nice fast water trading. I would be inclined to go long in the OEX 660 area or so, for a nice bounce-if it holds.

[relax]

for russ i dont think the gap should be filled, if this is a good bottom go back to march 2003 and look how the bottom was made so if the gap fills i would see it as negative and an indication that we are heading much lower than 1.370

[emdee]

Here's a look that will put a low somewhere in Russ' gap area:

Pure guesswork

M

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p94578992319&a=115511195&r=6153.png