9 replies to this topic

[NAV]

The measured move based on the breakdown of the DOW channel was acheived with today morning's selloff. I woudn't push my luck on the short side too much here. Maybe there is more in store if a panic ensues. But technical objectives have been acheived. 120-min is deeply oversold. Crash or scorch - we will know by the end of the day

Edited by NAV, 19 October 2007 - 08:55 AM.

[Insider]

The daily says 1500 next .... Insider

[nicolasillo]

The daily says 1500 next ....

Insider

1505

[eminimee]

May lower..but I'm happy.....glad I wasn't watching the stars.
LOL

http://siliconinvest...?msgid=23978794



http://siliconinvest...?msgid=23981154



http://siliconinvest...?msgid=23981233

[MacRo]

major asset class rotation continuing. don't think we will be taking the elevator straight down, however.

[NAV]

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. Now if we brekdown from here, i will short the futures intraday, which is my daytrading bread and butter.

Edited by NAV, 19 October 2007 - 09:35 AM.

[Insider]

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

[NAV]

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.

[traderpaul]

Watch da new lows maybe ready to explode again.....
http://stockcharts.com/c-sc/sc?s=$NYLOW&p=D&yr=0&mn=6&dy=0&i=p45642847367&r=9753.png

[Insider]

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.