sweefraapp Posted April 10, 2003 Report Share Posted April 10, 2003 Europe opens @ 2 Link to comment Share on other sites More sharing options...
Drano Posted April 10, 2003 Report Share Posted April 10, 2003 Why does jam job come at 2am? Isnt when Al has to take a dump or something? European markets open at 3 a.m. -- daylight savings time differences seem to have skewed it -- aren't we in sync (pardon the expression) again though? Link to comment Share on other sites More sharing options...
simple guy Posted April 10, 2003 Report Share Posted April 10, 2003 No need to fear if short Impulsives continue. 25.44 SG target hit yesterday, a bounce, and then 25.21, and then 25.00.... 200% Short SPY still from 88.80, target is 84 to cover if not before. FROM WAVES thread last night.. head over to get more updates.... Few other bearish ST notes P/C closed at .73.... that is very low still Outside down day today, this is bearish Vix at 30.91, some move up today, but its coming off lows...similar to levels at the Dec highs, Jan highs.... and a 4.46% gain reversal today may be a trend reversal beginning... Investor sentiment survey has 51% bulls!!! Same level as March 21 top!!! Finally, check out the SG waves chart on the VIX indicator.... and also, read my comments on bear market rallies... (not until we tank first big time though) Cheers Link to comment Share on other sites More sharing options...
strikerm3 Posted April 10, 2003 Report Share Posted April 10, 2003 ohhh, thanks guys! Link to comment Share on other sites More sharing options...
Guest bidhitter Posted April 10, 2003 Report Share Posted April 10, 2003 I have day 8 of a current up cycle and with yesterday's reversal day put in, it appears the up cycle could be in jeopardy here. Yesterday was opex reversal day too with the wed before option almost always reversing the trend to kill the current call positions. With daily obv flashing sell signals and Ds beginning to roll, today is a very pivotal day to determine whether we are going to end in a down or up cycle. Right now indicators are weakening enough to support the down case. ES Trading below 874.50 keeps the pressure on down to 862 and 858. We have a gap to fill at 860 and I expect that today. A break of 858 and the down cycle becomes real with 848-852 the next targets. A close below 848 and we confirm down. A move back above 874.50 and we head for 878-880 resistance. Any close above 874.50 and the es will try and pull out of the woods. I epxect a very tight range day with most trading occurring between 862-874 band. NQ Looking pretty weak. It has been on a sell signal and appears ready to roll over hard. It has filled its gap and now we see if they can save it today. Trading below 1045 keeps the pressure on down to 1022 and 1016. 1016 is the last hope for a bounce for the bulls. Don't fight a break here as this thing could leak fast down to 1009 and 1000. A move back above 1046 and we try for the 1060 resistance. Expect sellers here again. Only above 1060 is the naz rescued. Dow Also put in an outside lower day close which is a very negative signal. Trading below 8220 keeps the pressure on down to 8150 and 8115. The bulls need to rescue it here. Below 8100 and we go for 8075 and 8000. Trading back above 8220 gets the bulls going again up to 8275 and 8300. Look for sellers here again. The usual option game reversal is happening again. usually the wed before option week, we see a trend change going into opex. I suspect we hit our highs yesterday and we do head lower into opex. Indicators are beginning to point that way. Today will help place the puzzle pieces together. Link to comment Share on other sites More sharing options...
sweefraapp Posted April 10, 2003 Report Share Posted April 10, 2003 On this day in ? * 1912, the RMS Titanic set sail from Southampton, England, on its ill-fated maiden voyage. * 1925, the novel "The Great Gatsby," by F. Scott Fitzgerald, was first published. * 1972, the United States and the Soviet Union joined some 70 nations in signing an agreement banning biological warfare. * 1978, Arkady Shevchenko, a high-ranking Soviet citizen employed by the United Nations, sought political asylum in the United States. Link to comment Share on other sites More sharing options...
wndysrf Posted April 10, 2003 Report Share Posted April 10, 2003 Things are holding up well. That's good, because call buyers will be sweeping in right in front of OE. Bradley Turn this weekend. Next week, we start the dump. Link to comment Share on other sites More sharing options...
strikerm3 Posted April 10, 2003 Report Share Posted April 10, 2003 more bearish indicators http://www.saavycharts.info/ Wyndy please keep avatar for awhile!! Link to comment Share on other sites More sharing options...
simple guy Posted April 10, 2003 Report Share Posted April 10, 2003 Fibo Trading days are key indicators SG's 4/9 intra-day fibo top estimate so far has been spot on... You get 8 days up to march 21 8 days down to bottom of A wave 5 days up to top of B wave (monday) and now 3, 5, 8, or 13 days generally down 3 days would put us into this morning sometime, latter morning as bottom Since Im using Rydex Old School still, I will probably cover any weakness this morning if at 1030 1045 area.... if not, I will stay short and let her run several more days. SPY target is 84 on this wave... 85 a bounce first, over 86, then terminal to 84 on SPY. Good luck with your investing... stay safe SG Link to comment Share on other sites More sharing options...
marketneutral Posted April 10, 2003 Report Share Posted April 10, 2003 FWIW.... Looking for a low today ~ 11:15ET around 857. If she holds, should get a nice retracement to 875-886 with 886 the preferred.....possibly into 2nd half of 4/15. We shall see. Good trading, MN Link to comment Share on other sites More sharing options...
strikerm3 Posted April 10, 2003 Report Share Posted April 10, 2003 Fibo Trading days are key indicators SG's 4/9 intra-day fibo top estimate so far has been spot on... You get 8 days up to march 21 8 days down to bottom of A wave 5 days up to top of B wave (monday) and now 3, 5, 8, or 13 days generally down 3 days would put us into this morning sometime, latter morning as bottom Since Im using Rydex Old School still, I will probably cover any weakness this morning if at 1030 1045 area.... if not, I will stay short and let her run several more days. SPY target is 84 on this wave... 85 a bounce first, over 86, then terminal to 84 on SPY. Good luck with your investing... stay safe SG Why Rydex and not just short with margin? just wondering Link to comment Share on other sites More sharing options...
Bearman Posted April 10, 2003 Report Share Posted April 10, 2003 BUY GOLD Link to comment Share on other sites More sharing options...
DrStool Posted April 10, 2003 Report Share Posted April 10, 2003 Pre-market update. Will be reposted on delayed basis in Stooltrading at 9:45 Link to comment Share on other sites More sharing options...
seamus Posted April 10, 2003 Report Share Posted April 10, 2003 Thanks Glad for the kind words. March 2003 retail sales from 9 chain stores -0.6% yoy Junk spreads widened for the second day in a row, 1st time since 3/24-25 Link to comment Share on other sites More sharing options...
simple guy Posted April 10, 2003 Report Share Posted April 10, 2003 Why Rydex? Im too lazy to change it. I have several other brokerage accounts for stock trades where I go long when the waves dictate.... I will change it soon however... I first opened it 17 months ago with a small amount, and started learning the magic of Elliott waves... I didnt trade them til last August after 10 plus months of study... The damn account grew pretty large, I added more to it, and now its out of control.... and the timing on it sucks big ... so SG will be moving that $$ within the next 30 days to a good trading platform. If someone has recommendation on a good discount brokerage, with fast execution, low costs, and good technology and reliability... please advise. I have Ameritrade, Etrade, Harris etc... and Im looking for better. SG Link to comment Share on other sites More sharing options...
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