nice call NAV on es 1562 resistance
#1
Posted 17 October 2007 - 12:26 PM
#2
Posted 17 October 2007 - 12:34 PM
#3
Posted 17 October 2007 - 12:44 PM
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?
#4
Posted 17 October 2007 - 12:48 PM
#5
Posted 17 October 2007 - 12:55 PM
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.
#6
Posted 17 October 2007 - 12:59 PM
#7
Posted 17 October 2007 - 01:00 PM
Ok sold
Edited by NAV, 17 October 2007 - 01:09 PM.
#8
Posted 17 October 2007 - 01:09 PM
Tea,
does this make up for my call $#@!-up yesterday?
#9
Posted 17 October 2007 - 01:12 PM
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.
#10
Posted 17 October 2007 - 01:17 PM