Looks like a market break out brewing

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


  1. Well done, AMT. I like 886 area today but not if it's during the last hour rally (possible).

    How many points are you risking if you're exiting at +5.00?

    Happy trading!
     
    #31     Dec 30, 2008
  2. I was willing to sell up to the 885's in that zone and bail if we traded beyond the 889 level. :) BTW, 877.00 was my first profit target level.....I have my next targets in the 872's if we get additional selling.
     
    #32     Dec 30, 2008
  3. afto

    afto

    Why are so many posters, including the moderator, so abusive to stock trad3r?
    If you don't agree with what he says then surely you can disagree
    in a civil manner or ignore. Whats so hard about that?

    <The trend is up. what the freak are you talking about? On what time frame? Your an idiot!>
     
    #33     Dec 30, 2008
  4. Rex84

    Rex84

    bought the fas yesterday
     
    #34     Dec 30, 2008
  5. Nothing is brewing with this kind of volume. It is all noise.

    Come back after New Year.
     
    #35     Dec 30, 2008
  6. Because he is a troll, nothing more. When you've been here a little longer, you'll understand.
     
    #36     Dec 30, 2008
  7. SRS goes out at 56.38
    -$4.73

    Down 7.7%
     
    #37     Dec 30, 2008
  8. Currently all out and a happy camper.
     
    #38     Dec 30, 2008
  9. And what a breakout! Awesome. I'm getting really bullish.

    Any market profilers out there? Can you take a quick look at my market profile analysis for Tuesday's action and tell me if I'm 100% wrong or not, I'd appreciate it: www.helpmelearnmarketprofile.blogspot.com

    According to my analysis, which may or may not be right, we are do for much more upside, I see about a zero percent of giving it all back on Wednesday. My guess is we'll have another strong up day, or worse case scenario, consolidate. But I'm voting for another strong up day.

    On a snap shot I see we're now dealing with the fifty percent retracement from the most recent sell off, but post/pre market we're already attacking that. If broken through I put the next target at the more major fifty percent retracement which is right near the 1000 line on the ES.
     
    #39     Dec 30, 2008
  10. Hope you sold 892.00! :)
     
    #40     Dec 31, 2008