Edited by NAV, 16 October 2007 - 10:29 AM.
ES
Started by
NAV
, Oct 16 2007 10:25 AM
5 replies to this topic
#1
Posted 16 October 2007 - 10:25 AM
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.
#2
Posted 16 October 2007 - 10:56 AM
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=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=151.png
http://stockcharts.com/c-sc/sc?s=$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
#3
Posted 16 October 2007 - 11:11 AM
I like option #2 at this point
#4
Posted 16 October 2007 - 11:13 AM
that's where I'm leaning.....but I haven't fallen over yet.
#5
Posted 16 October 2007 - 11:39 AM
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.
#6
Posted 16 October 2007 - 12:19 PM