Edited by NAV, 19 October 2007 - 08:55 AM.
9/25 lows
#1
Posted 19 October 2007 - 08:54 AM
#2
Posted 19 October 2007 - 09:12 AM
#4
Posted 19 October 2007 - 09:18 AM
LOL
http://siliconinvest...?msgid=23978794
http://siliconinvest...?msgid=23981154
http://siliconinvest...?msgid=23981233
#5
Posted 19 October 2007 - 09:26 AM
#6
Posted 19 October 2007 - 09:30 AM
Edited by NAV, 19 October 2007 - 09:35 AM.
#7
Posted 19 October 2007 - 09:36 AM
Just bought some OEX Nov 715 calls for avg 12.4 bucks, risking about 5% of my account. No stop. I bought these around OEX 712 (SPX 1525 ) area. Now this isn't gambling. Both SPX and DOW has ahecived their measured move objectives. Now we should head higher from here. Any breakdown here further would target SPX 1505-10 area, which is not very likely.
Why? The SPX daily is not oversold....1500 is a magnet
Insider
#8
Posted 19 October 2007 - 09:46 AM
Just bought some OEX Nov 715 calls for avg 12.4 bucks, risking about 5% of my account. No stop. I bought these around OEX 712 (SPX 1525 ) area. Now this isn't gambling. Both SPX and DOW has ahecived their measured move objectives. Now we should head higher from here. Any breakdown here further would target SPX 1505-10 area, which is not very likely.
Why? The SPX daily is not oversold....1500 is a magnet
Insider
Insider,
That's my point. If the bull trend is intact, it shoudn't get too oversold and bounce back from the key EMAs. If not, SPX 1505 support means nothing and we could slice thru it.
#9
Posted 19 October 2007 - 09:51 AM
http://stockcharts.com/c-sc/sc?s=$NYLOW&p=D&yr=0&mn=6&dy=0&i=p45642847367&r=9753.png
#10
Posted 19 October 2007 - 10:04 AM
Just bought some OEX Nov 715 calls for avg 12.4 bucks, risking about 5% of my account. No stop. I bought these around OEX 712 (SPX 1525 ) area. Now this isn't gambling. Both SPX and DOW has ahecived their measured move objectives. Now we should head higher from here. Any breakdown here further would target SPX 1505-10 area, which is not very likely.
Why? The SPX daily is not oversold....1500 is a magnet
Insider
Insider,
That's my point. If the bull trend is intact, it shoudn't get too oversold and bounce back from the key EMAs. If not, SPX 1505 support means nothing and we could slice thru it. Yeah..It's only a target for the VST (50 sma at 1497). also 38.2% Fibonacci.. I am still expecting the entire retracement... back to the August lows..a small reaction, then down to 1275/1250 area.....The bull run is over
Insider
Edited by Insider, 19 October 2007 - 10:12 AM.