Cobra wrote:I bet now everybody sees this. bears are weak, cannot even make a lower low on the 3rd attempt. I'm very disappointed.
Ditto, Cobra, since I went short. Oh, well, keep losses small or take small profits. Not decided yet. The moving averages are still in bearish alignment on the 5 and 15min. Although the 5 min chart's averages are bunching up.
H&S Bottom target as well as C&H target. bears chances are becoming worse and worse.
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OR high as resistance, volume surge, so hopefully bears could hold. I won't hope much though.
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tdo722 wrote:
Did you get off at 1199? I got off. Made some money but not much but at least like I said I know that the count works after it went past 1197.
Made 2 points profit unlike you 10 points.
It should pull back a little before pushing even higher.
nice. i don't have much more faith in the bulls to be honest. i think we saw the highs for today. i sold the rest of my long and am short.
Money keeps pouring in....damn...GO BEARS! Too bad SPY ain't helping with the breakout..or else We would be under 400 bucks already...ZZZZZZZZZZZZZZZZZZ
Last edited by Unique on Thu Oct 13, 2011 1:21 pm, edited 1 time in total.
For newbies to swing trading. Today was the perfect set-up to go short on the Russell. I traded the TZA. ..................
Question for Al_Dente: What is a O?
Sorry, my bad, mistook u for someone else referencing Meg Ryan movie
Also: paging wave: “I need more cowbell” just silly reference to NBC SNL skit
Quit joking around Al, this is serious board here
NOT your bad! I am the one who referenced the Meg Ryan movie. The part where she says, "Yes, Yes".
For newbies to swing trading. Today was the perfect set-up to go short on the Russell. I traded the TZA. ..................
Question for Al_Dente: What is a O?
Sorry, my bad, mistook u for someone else referencing Meg Ryan movie
Also: paging wave: “I need more cowbell” just silly reference to NBC SNL skit
Quit joking around Al, this is serious board here
Oh, haha, not laughing anymore because this is getting scary close to my stops. NYDECs sleeping on us. SPY, IWM back above VWAP. Moved the FAZ stop below the R1 pivot.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
tdo722 wrote:
Did you get off at 1199? I got off. Made some money but not much but at least like I said I know that the count works after it went past 1197.
Made 2 points profit unlike you 10 points.
It should pull back a little before pushing even higher.
nice. i don't have much more faith in the bulls to be honest. i think we saw the highs for today. i sold the rest of my long and am short.
C wave is extending further. I'm still waiting for a clear sign that it is done. As of now, very bullish pattern on 5min spx.
Cobra wrote:I bet now everybody sees this. bears are weak, cannot even make a lower low on the 3rd attempt. I'm very disappointed.
Ditto, Cobra, since I went short. Oh, well, keep losses small or take small profits. Not decided yet. The moving averages are still in bearish alignment on the 5 and 15min. Although the 5 min chart's averages are bunching up.
Sold my TZA already. Still made a profit, but very disappointed this was a head-fake. The moving averages still worked, but only for a quick trade.