davros
Posts: 90 Joined: Thu Jun 09, 2011 12:42 pm
Contact:
Post
by davros » Fri Aug 05, 2011 9:54 am
not boring
BullBear52x
Posts: 29596 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Aug 05, 2011 9:56 am
I am now in cash, this is unreal not as boring as I thought, well, it's Friday. I might go in for one or two more trade then will call it a day.
My comments are for entertainment/educational purpose only. NOT a trade advice.
agnosia
Posts: 1491 Joined: Fri Mar 11, 2011 10:59 am
Post
by agnosia » Fri Aug 05, 2011 9:57 am
ok strong support here on SPX. 50% retracement from 1010 lows.. if this level goes bulls are screwed.
Cobra
Site Admin
Posts: 58538 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Aug 05, 2011 9:59 am
well, as I said yesterday, the 4th leg down and unfortunately it's still strong, so need more evidences before calling a possible reversal. this market really is sick.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
Anaconda
Posts: 487 Joined: Fri May 06, 2011 2:57 pm
Post
by Anaconda » Fri Aug 05, 2011 9:59 am
Take silver with you, if you're going south. The prices are going down!!!
chart.png (8.84 KiB) Viewed 5080 times
Cobra
Site Admin
Posts: 58538 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Fri Aug 05, 2011 10:00 am
overnight session support. make it or break it.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
Me XMan
Posts: 2014 Joined: Thu Feb 17, 2011 12:01 pm
Post
by Me XMan » Fri Aug 05, 2011 10:01 am
What just happened? SPX dropped a like fricking rock to 1189.
Anaconda
Posts: 487 Joined: Fri May 06, 2011 2:57 pm
Post
by Anaconda » Fri Aug 05, 2011 10:02 am
Next support @ 1175 SPX. Will cover after that for a bounce.
GL.
A
agnosia
Posts: 1491 Joined: Fri Mar 11, 2011 10:59 am
Post
by agnosia » Fri Aug 05, 2011 10:02 am
holy crap. 50% level just went by a nudge. Houston we have a problem..
Cobra wrote: overnight session support. make it or break it.
new low made on /es by one point. fun over i think.
BullBear52x
Posts: 29596 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Fri Aug 05, 2011 10:03 am
This is so 3 of 3 of 3 of 3......here is my fibo combo
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Fri Aug 05, 2011 10:03 am
Me XMan
Posts: 2014 Joined: Thu Feb 17, 2011 12:01 pm
Post
by Me XMan » Fri Aug 05, 2011 10:06 am
10:1 ratio on seller to buyer
Anaconda wrote: Next support @ 1175 SPX. Will cover after that for a bounce.
GL.
A
up666
Posts: 6 Joined: Thu Jun 23, 2011 9:14 am
Post
by up666 » Fri Aug 05, 2011 10:07 am
UNSUBSTANTIATED RUMOR THAT S&P MAY DOWNGRADE US AFTER MARKETS.
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Fri Aug 05, 2011 10:09 am
BB52X: "This is so 3 of 3 of 3 of 3"
As cougar's expresso machine said...in Italian.
shumushu
Posts: 315 Joined: Thu Feb 17, 2011 1:09 pm
Contact:
Post
by shumushu » Fri Aug 05, 2011 10:11 am
Overnight session had huge movements up and down. and I expect this to keep happening with bigger volatility at market open.
Attachments
lumeipro
Posts: 50 Joined: Wed Jun 01, 2011 2:38 pm
Post
by lumeipro » Fri Aug 05, 2011 10:11 am
We are back to the 2008 timeframe where technical analysis doesn't matter any more. buying and selling are purely emotional. options play may be the best. stay conservative.
agnosia
Posts: 1491 Joined: Fri Mar 11, 2011 10:59 am
Post
by agnosia » Fri Aug 05, 2011 10:13 am
this market is really mean... i am staying out of this mess. horrible action...
BAC is dumping. took out yesterdays lows like nothing..
lumeipro
Posts: 50 Joined: Wed Jun 01, 2011 2:38 pm
Post
by lumeipro » Fri Aug 05, 2011 10:19 am
We still have lower highs and lower lows on SPY every single day. Until that changes. Hard to trade a dead cat bounce...that's it for me this week. All cash, ready to roll next week.
fuddleduddle
Posts: 99 Joined: Fri Jun 24, 2011 8:25 pm
Post
by fuddleduddle » Fri Aug 05, 2011 10:28 am
Mini flash crash happened. Possible rebound day that is a sell?