7 replies to this topic

[hiker]

good call, Yuri. Youmast based this on a 40 point "customary" swing increment...measured off the 1537 most recent tested support that held. don't we know by now the market often rallies into new moon, which is today?

Edited by hiker, 11 October 2007 - 11:49 AM.

[hiker]

1537 to 1577(almost) chart -



another version showing approx. 40 point swing increments -

Edited by hiker, 11 October 2007 - 12:22 PM.

[eminimee]

I should have listened...but I couldn't understand 1575 in Russian... Added oex nov puts to my oct ones.....I'm on TILT!! Still short ES from this morning...

Edited by Teaparty, 11 October 2007 - 12:22 PM.

[mss]

He was not the only one who tossed the number out 1571-1575, rings a bell somewhere in time.

[denleo]

Tea, you have been bearish for a while. You may be right, I don't know. Could you tell me if it is based only on e-waves or do you see something else? You are usually more flexible, but lately you have stuck with your opinion. I am assuming you are expecting more than just a one day pull back. Thanks Denleo

[eminimee]

We roll now ........PLEASE. Dennis...something else other than what I've posted but I believe in my ewave counts right now too.....just it's gone higher than expected and I kept screwing up on the last of the diagonal. What I have expected is at least a good tradeable move to 1475 ....still do....but I'm getting more bearish by the day. My odds have gone from 10% to 30% and now to 40% that we could see new lows. edit: I do want to put things in perspective though...I was mega long from the bottom to 1500....lightened up there....scalped long and short basically to 1550 and have been trying to short aggresively since about there. I was mega short from the july top too ..all of which can be proved through posts and charts. My short position right now with oex puts if I allowed them to expire worthless....would only be about 22% of my profits made on just those two swings.....and I won't be letting them go to 0......although the Oct puts are getting there..lol

Edited by Teaparty, 11 October 2007 - 12:47 PM.

[denleo]

Thanks Tea. I am not sure what is going to happen at this point, that is why I went neutral this morning. If there is a pull back from here, then it will probably answer a lot of questions for me. Denleo

[da_cheif]

He was not the only one who tossed the number out 1571-1575, rings a bell somewhere in time.

yup....and getting the most off the long side to 20k is another shuda wuda coming