15 replies to this topic

[ogm]

Who would've thought.

[eminimee]

I bought the hole...long es at 1500...stop 1495

[ogm]

You like living on the edge I'll just stick with momentum. btw, SPX 15 min chart looks like a nice bear flag.

Edited by ogm, 05 November 2007 - 09:55 AM.

[NAV]

You like living on the edge

I'll just stick with momentum.

btw, SPX 15 min chart looks like a nice bear flag.

ogm,

Are you fully short now ? Have you liquidated all your 100+ long positions ?

[eminimee]

You like living on the edge

I'll just stick with momentum.

btw, SPX 15 min chart looks like a nice bear flag.

What's the symbol? MOMO?



PS..spx 15 min looks more like we finished a b wave or a wave 2...we should get 1515 minimum and we'll see.

http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=21&i=p10613883387&a=89430406&r=4712.png



PSS: half off at 10.25 stop break even on the rest.

[toni]

Buying the dips and selling the peaks has been the way to make money since 2003. Far better than doing the opposite: buying the peaks and selling the dips. toni

[ogm]

You like living on the edge

I'll just stick with momentum.

btw, SPX 15 min chart looks like a nice bear flag.

ogm,

Are you fully short now ? Have you liquidated all your 100+ long positions ?

Not all but most. I still have about 20 left.

On balance I'm short significantly.

I have about 30 short positions now too. Started IBM, BCR, BBBY, MDT this morning.

Internals are horrible and trending down, Everything I have is pointing down. Many long term charts rolling over. I don't like peeing against the wind.

Enough GOOG and BIDU for me

If internals get oversold, I'll reconsider. Not yet though. We're in an all out decline. This is for real. Supports will be broken. Just a matter of time.

Edited by ogm, 05 November 2007 - 10:12 AM.

[denleo]

What I don't understand is why the market is still down after the first hour. Buying should be much faster. C'mon bulls, you promised me that I would make money on my calls. Wake up and buy. It is a large gap down, you know what to do. Denleo

[ogm]

What I don't understand is why the market is still down after the first hour. Buying should be much faster. C'mon bulls, you promised me that I would make money on my calls. Wake up and buy. It is a large gap down, you know what to do.

Denleo

Because A/D is still 3 to 1 negative ?

[MacRo]

since when has that stopped NDX??