28 replies to this topic

[eminimee]

[quote name='denleo' date='Nov 1 2007, 01:10 PM' post='325755'] Both the high and the low on this chart will be tested. You are more bullish than I am and expect the low to be tested first... I expect the high to come first.
[/quote]

Semi, I need highs first. I am not done shorting yet.

And is there a person in finance who does not expect 1620?

Denleo [/quote]



...Dennis..as I said in my blog....a new high now before 1475 minimum......is the most bearish thing that could happen....that sounds crazy but in ewave language...that's what it tells me...sounds like what you are thinking. For me to remain IT and LT bullish....we have to make lower lows than last week first.

[ogm]

Come on guys... it's not that bad...

Edited by ogm, 01 November 2007 - 12:33 PM.

[arbman]

if it can't get a selloff going soon for the afternoon, I will be adding the next 1/3 position...

[denleo]

Ok, i have a countertrend signal to scalp for a long today here at SPX 1528. It's only for a quick intraday trade. I am in, but will be quick to exit, if cash trades below 1522.

If a setup arrives, i will go short later in the day.

I agree, it is a good place for bears to fumble the ball.

Denleo

[ogm]

I think its a very dangerous spot to scalp longs. Big momentum is gathering to the downside and internals attrocious.

[eminimee]

Ok, i have a countertrend signal to scalp for a long today here at SPX 1528. It's only for a quick intraday trade. I am in, but will be quick to exit, if cash trades below 1522.

If a setup arrives, i will go short later in the day.

I agree, it is a good place for bears to fumble the ball.

Denleo

Nope....it's an end run and plenty of blockers this time. lol



Kissed good bye to bottom of bear flag...momo down should start momo mentarily....

[NAV]

I think its a very dangerous spot to scalp longs.

Big momentum is gathering to the downside and internals attrocious.

Below 1522 and i am gone. I was hoping to get a bit higher to short. Didn't get it.

Edited by NAV, 01 November 2007 - 01:01 PM.

[MacRo]

Ok, i have a countertrend signal to scalp for a long today here at SPX 1528. It's only for a quick intraday trade. I am in, but will be quick to exit, if cash trades below 1522.

If a setup arrives, i will go short later in the day.

I agree, it is a good place for bears to fumble the ball.

Denleo

You don't think they want to take us all the way down into OpEx, establish a base, sell puts to salivating bears, and then take us to new ATHs on SPX?

That's just basic block & tackle...

[eminimee]

It only seems like yesterday but the next WWW is next week.......me thinks a low for a C wave of a triangle near 1466 would be nice..

[OEXCHAOS]

with yet again another ED on SPX.... this time a "c" wave of B ...I'm pretty sure we should be visiting last weeks lows and taking them out....I think we are about to start a wave 3 of C down....target is C=A at 1466 ...could get uglier than that.....

Where's the ED ?. I don't see any on the SPX.

I see LOTS of erectile dysfunction on the S&P!!



M