nikoschopen
2,824 posts
msg #60471
- Ignore nikoschopen |
3/13/2008 2:14:39 PM
There should be a one more leg up to this rally before fading.
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nikoschopen
2,824 posts
msg #60472
- Ignore nikoschopen |
3/13/2008 2:28:57 PM
S&P came right up to the profit target of 1322, so my guess is that we should come riding back down. But as with all knee-jerk reactions, there's usually a last kick before reversing.
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nikoschopen
2,824 posts
msg #60474
- Ignore nikoschopen |
3/13/2008 3:00:41 PM
S&P rearing its ugly head again. This might be that final kick. No doubt, it's gonna kick up lots of useless dust.
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johnpaulca
12,036 posts
msg #60477
- Ignore johnpaulca |
3/13/2008 4:19:17 PM
Max: thanks for your kind words. You will have to join the increasingly long lineup at my doorsteps for mentoring. Just keep practicing your strategy and it will come to U. I paper traded for many years and still practice every day....good luck bro.
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nikoschopen
2,824 posts
msg #60495
- Ignore nikoschopen |
3/14/2008 12:54:31 PM
Brace yourselves, boyz, we are going down!
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EWZuber
1,373 posts
msg #60496
- Ignore EWZuber |
3/14/2008 2:34:29 PM
VIX broke 30 today as CST indicated it would.
COMP will hit 2175 also if it doesn't turn here at 2190 immediately.
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EWZuber
1,373 posts
msg #60498
- Ignore EWZuber |
3/14/2008 2:57:12 PM
Anyone have the nerve to hold a long position overnight?
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EWZuber
1,373 posts
msg #60500
- Ignore EWZuber |
3/14/2008 3:23:36 PM
There's the bounce up off the 5m/10MA
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johnpaulca
12,036 posts
msg #60501
- Ignore johnpaulca |
3/14/2008 3:35:16 PM
just bought and sold...I will be holding some overnight.
Thanks for your great work ZUB.
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deanengle
33 posts
msg #60507
- Ignore deanengle |
3/14/2008 11:35:42 PM
EWZUBER, I try to follow the VIX indicator as one of my primary technical indicators. I find that generally when the vix goes over 29 there is a very high probability of a significant bounce up the following trade day. Check this back a couple of years and you can see the VIX spikes > 29 tend to foster a nice up day . Hope my long position pays off for Monday.Dean
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