blotto.. it did not behave normally and predictably. Trust me I know price action. The Greek news drove in large sellers. Who just obligerated the technical traders Believe what you want.. this is not what you were saying earlier.
I agree with you. Everything was set for a push higher at the Europe close, strong internals, VIX at lows, etc..It was a perfect squeeze set up. But then that treasury auction went bananas and I think that triggered some computer selling in equities.
Hi Lucias, I'm sorry if it came off that way. My apologies (both to you and blotto) I didn't mean it as gloating. I personally have nothing to gloat about -nor is it my style if I did. (I totally messed up by going into the trade far too early and by the time I was at BE I was all to ready to take a profit). Today I had a lot of heat for basically nothing and all my own fault. I continually go in too early. I was only reaction to B's fairly smug tone about shorts being squeezed after the high of the day had long been put in. Perhaps his was high probability but after being up 14 pts from the low of 1313.75 at 8:58CT and with yest range being 14.50, its really calling the action after it had already happened. (14/14.50 is 96.5% of prev day range already done.) I guess when it's weekend quarterbacking and he didn't post his trade (that I saw) - it was slightly annoying.
"Looking for" and getting it are not exactly the same thing, especially as it was posted around 2500 region. Therefore, I can only assume you did not get your entry price..please correct me if I am wrong...again... NiN