9 replies to this topic

[atlasshrugged]

i sold and went back to bed and woke up happy! Dont take that the wrong way!!!

[NAV]

Glad you made money on that. It was a very low risk short today morning. In fact, even if one had missed the top, there two more opportunities intraday to short it. Having said that my indicators have now reached a area (very deeply oversold on 120-min), to which there are only two resolutions. A collapse in the post lunch session or a 100-150 point rally on DOW. You know i am a daytrader and a sucker for profits. I exited all my shorts and went flat. In fact i am done for the day. It's tiring to watch these fast markets. My neck has become hard like a rock. Time for some rest...

[atlasshrugged]

Glad you made money on that. It was a very low risk short today morning. In fact, even if one had missed the top, there two more opportunities intraday to short it. Having said that my indicators have now reached a area (very deeply oversold on 120-min), to which there are only two resolutions. A collapse in the post lunch session or a 100-150 point rally on DOW. You know i am a daytrader and a sucker for profits. I exited all my shorts and went flat. In fact i am done for the day. It's tiring to watch these fast markets. My neck has become hard like a rock. Time for some rest...

if we sell off do you have 1520 area as a buy point?

[NAV]

My target is 9/25 lows. But i woudn't buy anything there until my indicators turn up. I may miss the first 10 SPX points off the bottom. But i will have a safer entry after confirmation.

[eminimee]

another little thing for the 1520 area....but if it blows.....we may have something more drastic...as in the count on the second chart
PS NQ hasn't taken the lows out yet...but if 2146 blows....look out

http://stockcharts.com/c-sc/sc?s=$SPX&p=30&yr=0&mn=2&dy=0&i=p42848498630&a=88408952&r=1462.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=21&i=p79092637535&a=89430406&r=6088.png

Edited by Teaparty, 17 October 2007 - 12:57 PM.

[pdx5]

Tea, that early Sept chart, is that a perfect fractal for whats coming or what??

[NAV]

I covered all my daytrade futures shorts an hour back. I have these OEX (which i bought right at the open) puts still going, now up over 300%, which i may sell anytime here. That's my payday trade. Tea, you were right. This time the ecstasy was on the downside.

Ok sold

Edited by NAV, 17 October 2007 - 01:09 PM.

[MacRo]

letting half of 'em go, riding the rest to where fate may take 'em. Done for the day. Happy trading gentlemen.





Tea,

does this make up for my call $#@!-up yesterday?

[eminimee]

Tea, that early Sept chart, is that a perfect fractal for whats coming or what??

Could be if it holds.....another 40 points down from the last high is 1510.....I also have a number at 705 oex which is a MUST hold.



Hey Nav....ATTABOY....I did the same thing but I bought the 730s again because they were lucking...bought them at 8.50 and holding them until I see what happens at spx 1520

letting half of 'em go, riding the rest to where fate may take 'em. Done for the day. Happy trading gentlemen.





Tea,

does this make up for my call $#@!-up yesterday?

NO man..you could have had it both ways!!!


edit...I sold some at 17.20

Edited by Teaparty, 17 October 2007 - 01:14 PM.

[thespookyone]

NAV-Another lovely day for daytrading$$$$$$$ THX for your input yesterday! Teaparty-as usual, CHARTS OF GOLD! NOTHING but net!