15 replies to this topic

[ogm]

since when has that stopped NDX??

NDX isn't the whole market. Just a small part. Actually my smallest short position.

BTW, ....

I'm not guessing here. I'm trading certain setup on my indicators. And all of them are saying the same thing. There are no contradictions, no uncertainties.

1530 on SPX won't turn them at this point. But I think all bounces for now are confined to 1518-1520 area. And with each hour we're not going up, that resistance keeps falling.

The trend is down.

Edited by ogm, 05 November 2007 - 11:10 AM.

[eminimee]

since when has that stopped NDX??

NDX isn't the whole market. Just a small part. Actually my smallest short position.

BTW, ....

I'm not guessing here. I'm trading certain setup on my indicators. And all of them are saying the same thing. There are no contradictions, no uncertainties.

1530 on SPX won't turn them at this point. But I think all bounces for now are confined to 1518-1520 area. And with each hour we're not going up, that resistance keeps falling.

The trend is down.

You must feel very very confident about being short.........personally...I'd rather be petrified.

[ogm]

since when has that stopped NDX??

NDX isn't the whole market. Just a small part. Actually my smallest short position.

BTW, ....

I'm not guessing here. I'm trading certain setup on my indicators. And all of them are saying the same thing. There are no contradictions, no uncertainties.

1530 on SPX won't turn them at this point. But I think all bounces for now are confined to 1518-1520 area. And with each hour we're not going up, that resistance keeps falling.

The trend is down.

You must feel very very confident about being short.........personally...I'd rather be petrified.

Yes, I feel confident.

If certain things will start developing I'll be petrified. But I see absolutely nothing here of that sort.

[eminimee]

I just mean that when long or short...I'd rather be scared. I've often found that when things look so certain and I'm comfortable in a position....I'm usually wrong. So...I'm doing you a favour...I'm trying to instill fear into you. Moved my stop up to 1504.50 on balance of es long scalp.

[tommyt]

"If internals get oversold, I'll reconsider. Not yet though. We're in an all out decline." OGM, I dont think we are in an all out decline at all...In general shorting in the 13,400-13,500 area is not a good short area...BUT, a close below 13,400 and we should enter an all out decline.

[eminimee]

stopped out of balance at 1504.50...but looking for another long possibly...