Reversal day today 2/19/04?

So what do you see for Monday ?

 

I say we break out above 1158.75 on spoos

 

from the shown chart, the likelyhood is up, but markets can do whatever... and that is why alot of trdaers dont hold over-night positions.

 

Let me guess . . .

You are once again "naked" 1150 calls on the SPX, right?

 

Here we go again.

Until someone can actually confirm that GMB is JS, please let this person post.

To Grand Master: If you want to post calls, start a journal. No one is supposed to bother you there. If you post calls in trading, you are pretty much fair game to critique.

Thanks.

 

From a technical standpoint, the short term trend looks down.

As such, I look for lower prices next week.

 

GM,

from a technical point a regular divergence is more than likely at this point.


http://www.elitetrader.com/vb/attachment.php?s=&postid=435075

 

Thanx ssb, excellent graph.

This is exactly what I see. And it looks like the chart is ready to go south! Knocking at the door of support, it'll bust through very soon.

 

Apparently you don't see what ssb sees since he's calling for an upmove.

 

No, I understood that.