5 replies to this topic

[NAV]

Near the channel boundary that i showed a few days back. It comes around ES 1545. A fake poke bleow that is ok. If we have a hourly close below that, then we would head down all the way to 9/25 lows. Right now it seems to be holding. But YM is below the 14022 horizontal channel on a hourly closing basis, which doesn't bode well for ES. If ES breaks below that channel we will have a technical breakdown in the ST. We'll see... P.S : BTW dumped those OEX calls (gamblers dream) from 4 bucks at 2.75 today. .3% loss on my account. I have lost more money on Vegas tables lol.

Edited by NAV, 16 October 2007 - 10:29 AM.

[eminimee]

Flat..



http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=18&i=p04745242026&a=93322579&r=9624.png





this ....

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=7&dy=27&i=p08771661086&a=93045759&r=7924.png



or this...



http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=151.png

[skunk]

I like option #2 at this point

[eminimee]

that's where I'm leaning.....but I haven't fallen over yet.

[NAV]

If the 30-min candle closes above YM 14000 by 1:00 Est, i will try a daytrade long here. Otherwise i am still leaning short for the day.

Edited by NAV, 16 October 2007 - 11:40 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=3&dy=21&i=p07655536157&a=90787100&r=8221.png