see you at S&P

Discussion in 'Trading' started by chaykapwr, Nov 7, 2012.

  1. 450, next week....:p


    In all seriousness, I am closing or at minimum reducing long positions.


    See you at 1340
     
  2. S2007S

    S2007S

    yesterday day was rainbows and blue skies, today the total opposite, market up 150 one day down 300 the next, tomorrow this will be forgotten and the dow will be sitting above 13,000 yet again!

    :eek:
     
  3. Still holding 140 triple support area so not all is lost just yet, 137 area is next support below.

    CURRENT PRICE 140.41, at support, 141.4 ± 1.13, type triple+, strength 10

    RESISTANCE ABOVE +2.5% at 143.9 ± 1.15, type triple, strength 5
    +4.7% at 147 ± 1.18, type single, strength 5

    SUPPORT BELOW -2.5% at 136.9 ± 1.09, type triple+, strength 9
    -4.1% at 134.7 ± 1.08, type triple+, strength 10
    -6% at 132 ± 1.06, type triple+, strength 10
    -8.5% at 128.5 ± 1.03, type single, strength 8
     
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  4. Got within 5 points but I think this is the area to start trimming back any short positions. Wont be initiating any longer term longs until we reach lower
     
  5. S2007S

    S2007S

    This market has ZERO buyers, look at aapl selling off day after day after day, what happened to the beautiful $1000 price target everyone was shouting 2-3 months ago, see how hype fades. This market will see a few rally days but long term its headed down, like I said the SPX will be trading under 1000 in 2013!
     
  6. target hit.