13 replies to this topic

[eminimee]

Using oex as it's cleaner ...at least to me. If you want a rough point level to get an idea for spx...1 oex = approx 2 spx.

The July high at 720.26 has to get taken out for more down...spx did breach it's July high yesterday.

Below 720 oex I think the next level of interest is 705..the previous 4th wave where the ED began. I feel strongly that 705 will get hit and the most bullish thing that could happen is that level would be the bottom of a wave 2 of a big ED or might just be the bottom of the first leg down of an abc wave 2. If a B wave top yesterday...then the C wave could be in a triangle or the most bearish would be a C wave to new lows.

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=10&i=t62477544549&a=79663062&r=2210.png

[eminimee]

sold es long hedge at 69.25...back short es at 69.50...with a stop and possible reverse above 73

[vitaminm]

oex Target est: .....733................776

[eminimee]

oex
Target est: .....733................776

I've got even higher targets than that....it's what time frame are you talking??



VXO

The whole wedge isn't shown here but could be just testing breakout...

[Woody]

TP with Airedales 20 week cycle low due late Dec may want to add weight to options that have us peak late Nov......fwiw

[eminimee]

Woody....funny you should mention that....I was just playing with an alternate that would fit....but would mean a visit to the Aug lows late this year or early next.... And they better hold if it happened.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=7&dy=27&i=p08771661086&a=93045759&r=987.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=8&mn=0&dy=0&i=p98598037990&a=99807757&r=8444.png

Edited by Teaparty, 12 October 2007 - 11:39 AM.

[eminimee]

Pure gamble ...bought 100 weekly oex puts ...725s for 50 cents

[arbman]

Pure gamble ...bought 100 weekly oex puts ...725s for 50 cents

You are dirtying the data

[NAV]

Pure gamble ...bought 100 weekly oex puts ...725s for 50 cents

When do they expire ?

[eminimee]

4:15 today