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swing short attempt for SPY


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#1 hiker

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Posted 06 September 2007 - 11:07 AM

148.30's entry 148.76 stop iffy to hold into Friday, but sized it accordingly entry and stop zone based on horizontals visible last few days on 15 min may end up being a daytrade..will see from here 146.74 has held for 3.5 days ....so it is hard to claim anything bearish at the moment, except for rally stalls SO FAR near SPX 1476 on a closing basis

Edited by hiker, 06 September 2007 - 11:10 AM.


#2 hiker

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Posted 06 September 2007 - 11:41 AM

have adjusted stop....

1484 looks important

btw, I get bullish and start playing overnight longs again once SPY moves above 150 to 150.55

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Edited by hiker, 06 September 2007 - 11:44 AM.


#3 rkd80

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Posted 06 September 2007 - 11:48 AM

i joined you on the short side, ES at 1480
“be right and sit tight”

#4 mdwllc

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Posted 06 September 2007 - 12:06 PM

i joined you on the short side, ES at 1480





Me too @ 1480.50 Good trading MDW... :)
Lead, Follow or Get Out of the Way...

Be Sure to Perform Your Own Due Diligence

#5 hiker

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Posted 06 September 2007 - 12:18 PM

covered SPY short near yest close of 147.79....needs to go red before I remain short....200sma on 3minute was nearby when covered

#6 hiker

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Posted 06 September 2007 - 12:31 PM

short SPY again near 148.00

#7 beta

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Posted 06 September 2007 - 01:10 PM

Waiting for another tag of SPX 1490 (yesterday's gapfill) to get REALLY short. May get it tomorrow.

Edited by beta, 06 September 2007 - 01:11 PM.

"Daytrading -- An Extreme Sport !"

#8 hiker

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Posted 06 September 2007 - 01:28 PM

lost 13 cents on SPY short cover

#9 ogm

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Posted 06 September 2007 - 01:31 PM

1478.11 is 55 EMA.

If we close above it again, would be good news.

So far we're closing above 8 EMA for several days in a row and got support at 34 EMA.

if we get an up day tomorrow, 8 EMA will cross above 34.. getting very close.

Overall not looking too bad. Interesting if we could take out 55 EMA on the close today.


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#10 hiker

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Posted 06 September 2007 - 02:07 PM

will SPX contine to close above the two MA's shown?

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