Looks like a market break out brewing

Discussion in 'Trading' started by fantastic4, Dec 29, 2008.

  1. Don't forget the right mixture of fools, as well. That's what you have with him.
     
    #21     Dec 30, 2008
  2. S2007S

    S2007S



    If we get that high on the DOW in 2009 it will be just a matter of time before the markets retest there 2008 lows.
     
    #22     Dec 30, 2008
  3. I'm bullish on a longer term time frame, and am looking for a bullish January. I am biased since I currently have some real positions on the long side. Tonight I'm paper trading, well, today your time, and am looking for an entry at the high value area, which also happens to be the ambush zone from the beginning of Monday's big rally to the top of the pre market today. I'll enter so long as market internals confirm. I'd say there's a good chance I won't be filled today, but every time I say that, price comes to my entry while I'm in the toilet or washing the dishes. I'll be patient. Here's a chart. The yellow lines are the ambush zone and the blue in the middle of them is that high value area.
     
    #23     Dec 30, 2008
  4. Covered all my +10 point profit targets with the trading into the 868's (869.00 target)....nice little AH session fade. :)
     
    #24     Dec 30, 2008
  5. Rex84

    Rex84

    and a higher we shall go! great time to be long
     
    #25     Dec 30, 2008
  6. I hope you sold 882's! :)
     
    #26     Dec 30, 2008
  7. So were you ACTUALLY in a LONG trade......and from were? :eek: :D
     
    #27     Dec 30, 2008
  8. S2007S

    S2007S

    Added SRS on this dip at $58.75.

    very small amount of 65 shares.
     
    #28     Dec 30, 2008
  9. The trend is up. what the freak are you talking about? On what time frame? Your an idiot!
     
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    #29     Dec 30, 2008
  10. ES 882 SHORT positions just hit all my + 5 point profit targets with the trading down to 877.00 :)
     
    #30     Dec 30, 2008