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Out of Bounds wrote:Uh Oh. Wrong move - close shortOut of Bounds wrote:1/3rd short - kind of iffy. I need to see if peace and bluebirds on everyone's shoulders breaks out. Below 114, I go more short.jarbo456 wrote:hit your pivot. we getting out?Out of Bounds wrote:Those numbers are completely wrong! Please ignore. They should be:Out of Bounds wrote:My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96
112.98 - 114.81.
Consider shorting the close today, if you feel the need. We still haven't breached 110 on the SPY. And, if the EW count is right - and I think it is - we'll see lower lows very soon.Out of Bounds wrote:Uh Oh. Wrong move - close shortOut of Bounds wrote:1/3rd short - kind of iffy. I need to see if peace and bluebirds on everyone's shoulders breaks out. Below 114, I go more short.jarbo456 wrote:hit your pivot. we getting out?Out of Bounds wrote:Those numbers are completely wrong! Please ignore. They should be:Out of Bounds wrote:My guess is that the SPY will be bound by S1 and Pivot.
115.63 - 111.96
112.98 - 114.81.
Pivot points are not my invention and there are several variations. My charts calculate them for me but you can do it the hard way here:trader0303 wrote: Just wondering how you calculated your S1 line? What is S1?
One more website,Out of Bounds wrote:Pivot points are not my invention and there are several variations. My charts calculate them for me but you can do it the hard way here:trader0303 wrote: Just wondering how you calculated your S1 line? What is S1?
http://www.investopedia.com/articles/te ... z1VU83q0IC
or easier:
http://www.mypivots.com/calculators/piv ... lator.aspx
Thank youOut of Bounds wrote:Pivot points are not my invention and there are several variations. My charts calculate them for me but you can do it the hard way here:trader0303 wrote: Just wondering how you calculated your S1 line? What is S1?
http://www.investopedia.com/articles/te ... z1VU83q0IC
or easier:
http://www.mypivots.com/calculators/piv ... lator.aspx
Hang in there..The mkt was poised to go higher..We will revisit the lows and maybe 1100 next. I just don't like to chase the mkt.When I do it never turnes out.Lets see.soku wrote:my upside target remains at 1155-1160 area, but my confidence level for my numbers are dropping
Where's the conviction? Where's the discipline?soku wrote:my upside target remains at 1155-1160 area, but my confidence level for my numbers are dropping
Cobra:Cobra wrote:gap filled but I think there's more on the upside.