gameover Posted March 8, 2012 Report Share Posted March 8, 2012 as i glance at the daily charts, like the Dow, i have 2 scenarios 1. the continuation of WW where there is no stopping this thing and the slow grind to new highs goes on, but that's almost too easy 2. my gut says, that this run fails up here on the Dow at the 10dma and that mini h&s top to 12400 plays out into next friday for quarter expiration, then the quarter end markup and run to new highs to july begin. this is probably wishful thinking as why should scenario 1 ever stop either way, i way until tomorrow for clues on the charts Link to comment Share on other sites More sharing options...
Goldmember Posted March 8, 2012 Report Share Posted March 8, 2012 Nice chart, Doc. That resistance line was good enough for me to sell the rest of my calls aquired at the touch of 1340. More like 1341 but I wasn't quibbling. Other than that resistance line all I got is the major Fibos up at the previous highs. I'm getting better at holding my positions longer, leveraged though they are. Bigger rewards. Link to comment Share on other sites More sharing options...
gameover Posted March 8, 2012 Report Share Posted March 8, 2012 need to back as far away as possible from that downtrend line from the highs before the close Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 8, 2012 Report Share Posted March 8, 2012 No change on my ES & NQ short. Still holding a few AAPL 530 puts. Link to comment Share on other sites More sharing options...
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