Guest Posted August 22, 2003 Report Share Posted August 22, 2003 The BEARS have a great victory today. Congrats to one and all. That Sornette guy is going to be a STAR! Link to comment Share on other sites More sharing options...
Guest Posted August 22, 2003 Report Share Posted August 22, 2003 Gruff, The bounce to 1007ish should be around the 990 (black line) on your chart? Link to comment Share on other sites More sharing options...
richmtn Posted August 22, 2003 Report Share Posted August 22, 2003 Enjoy yourself Pile. Adding to CDE here. Link to comment Share on other sites More sharing options...
richmtn Posted August 22, 2003 Report Share Posted August 22, 2003 Almost no change in S&P COT. Link to comment Share on other sites More sharing options...
BartTheBear Posted August 22, 2003 Report Share Posted August 22, 2003 Sitting on support at 994. Link to comment Share on other sites More sharing options...
gruff Posted August 22, 2003 Report Share Posted August 22, 2003 I think the stochastics and Histogram are auspiciously succeptable to Monday bullfroth on the $SPX. Agree. A bounce on Monday seems a given. Question is: how high will it go? Here are my ES targets: 999.50, 1000.50, 1011.50. Link to comment Share on other sites More sharing options...
Stoolander Posted August 22, 2003 Report Share Posted August 22, 2003 The BEARS have a great victory today. Congrats to one and all. That Sornette guy is going to be a STAR! ? Agreed, I was looking for a break below 1,000 yesterday. After this mornings stupidity I am happy with 993. Dow looks to close only up +40 on the week, they can't keep this shell game going forever (although it's gone way beyond where I thought it could go, SPX 920, 960 ). Link to comment Share on other sites More sharing options...
Quicktrade Posted August 22, 2003 Report Share Posted August 22, 2003 Bailed on 33 QQQ puts at 1.10 bought at 1.05 and 1.10 + .025 + .35 on them earlier. Love the looks of those daily charts so far. All we need is a little push lower on the close. Go baby go Holding 32's and 31's QQQ puts for at least a little follow thru selling next week. Quicktrade Link to comment Share on other sites More sharing options...
Goldmember Posted August 22, 2003 Report Share Posted August 22, 2003 Anywhere from 988-992 would be an awesome set-up for next week. I wouldn't want to be short at all should we reach those levels. A spectacular one-day extravaganza for bears and viagra time again. Link to comment Share on other sites More sharing options...
Guest Posted August 22, 2003 Report Share Posted August 22, 2003 Agreed, I was looking for a break below 1,000 yesterday. After this mornings stupidity I am happy with 993. Dow looks to close only up +40 on the week, they can't keep this shell game going forever (although it's gone way beyond where I thought it could go, SPX 920, 960 ). It'll fall of its own weight as soon as they run out of bagholders. Insiders still have inventory to sell. So the game goes on. Link to comment Share on other sites More sharing options...
Goldmember Posted August 22, 2003 Report Share Posted August 22, 2003 Agree. A bounce on Monday seems a given. Question is: how high will it go? Here are my ES targets: 999.50, 1000.50, 1011.50. ....new highs past 1015 should be considered as a given. Link to comment Share on other sites More sharing options...
gruff Posted August 22, 2003 Report Share Posted August 22, 2003 Gruff, The bounce to 1007ish should be around the 990 (black line) on your chart? Loren, Yes, that's what the chart suggests. I just updated the chart and added downside cloned lines (red) - they should privde clues 'going forward' (I lurve dat phrase!) LOL. Have a great weakend everyone success! gruff Link to comment Share on other sites More sharing options...
Guest libertas Posted August 22, 2003 Report Share Posted August 22, 2003 Love all the bullishness, even here. We'll see. Link to comment Share on other sites More sharing options...
Dharmaeye Posted August 22, 2003 Report Share Posted August 22, 2003 Definite move up Monday. If weak I'm going short. Link to comment Share on other sites More sharing options...
Downtick Posted August 22, 2003 Report Share Posted August 22, 2003 Major reversal day. Loaded the boat on the Rydex Venture 100 fund. Also have the Rydex Tempest 500 fund. Should be interesting next week. Link to comment Share on other sites More sharing options...
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