DrStool Posted March 7, 2003 Report Share Posted March 7, 2003 Good morning and Good stool to all. Hope you have a stooliful day. This is the intraday and short term TA thread. No chit chat. Chit chat on the adjacent IDS thread. Longer term TA matters should go on Dr. Bontchev's TA Forum, or on LOB. (Forum list is in left column.) And a-waaaay we go! Link to comment Share on other sites More sharing options...
Miss Moneypenny Posted March 7, 2003 Report Share Posted March 7, 2003 Where is Glad to open the morning thread on this ominous day? FINALLY!!!! Some movement on the overnight futures -- I could not believe they held 'em up all night long -- like some crazy guy on Viagra. Looks like now that NY is waking up, we are FINALLY!! getting the kind of action we like! Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 SPX - 15m Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 NDX - 15m Link to comment Share on other sites More sharing options...
cyclist Posted March 7, 2003 Report Share Posted March 7, 2003 great chart bb what are the fibs below 816 on the spx Many are targeting 806 and I suppose round numbers 800 below that 780. curious as to what you see. Dollar is falling hard overnite. 1.105 is the upward level for a breakout on the euro but may not get there till the 10am time when otc currency options expire. regards..... Link to comment Share on other sites More sharing options...
Contrarian Posted March 7, 2003 Report Share Posted March 7, 2003 The charts below are for the opening with the current gap down illustrated - the projections were done last night based on yesterday's close. I had thought the market was in an either/or position - with no clear signal from my charts which way it would go. However this morning's gap is pushing the downside (historical) envelope - I would be careful of a very short pop - but the move appears to be favoring the downside alternative. projecting +.15pts per hour for 10 hours in yellow +0 in white -.15 in yellow on HOURLY SPY data: my ST chart and my IT Attractor For those unfamiliar with my charts, an explanation can be found here. It focuses on daily data but is applicable to hourly by substituting hours for days in the trends, moving averages, lookback periods, slopes, etc Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 cyclist, The following is my "longer" term chart. SPX - 240 Link to comment Share on other sites More sharing options...
cyclist Posted March 7, 2003 Report Share Posted March 7, 2003 My weakness. Selling weakness (Being serious) There are times to do it. Curious as to where one would add shorts. Futures at 811 spx Any thoughts on today? Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 NQ - 15M Judging from the current action on the Nasdaq E-Mini, it opens right on potential support at the "right" time Link to comment Share on other sites More sharing options...
gruff Posted March 7, 2003 Report Share Posted March 7, 2003 Convergence. NQ clone chart agreeing with BB's chart. Clone says *if* 968 gets taken out 961.50 (NatSq at 961) gonna be one tough cookie to break. Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 gruff, I like your style of trading very much.. Keep on posting. Great job Link to comment Share on other sites More sharing options...
gruff Posted March 7, 2003 Report Share Posted March 7, 2003 Good Morning Traders, NQ bbz 973.296~976.225 ES bbz 814.189~816.565 NQ desc trendline 988 yest = 993 ES desc trendline 824 yest = 829.75 NatuRal Squares: 7569 7744 7921 1225 1296 1369 784 841 900 961 225 256 289 324 361 400 success! gruff Link to comment Share on other sites More sharing options...
GregFokker Posted March 7, 2003 Report Share Posted March 7, 2003 Net drain of 3.25B to start some selling in bonds and avoid a yield crash. Link to comment Share on other sites More sharing options...
gruff Posted March 7, 2003 Report Share Posted March 7, 2003 60-min nailed it perfectly. Now what's it gonna do at 50ema @ 987.1307 and desc line same level? Edit: got my 13 and 50ema mixed. 60-min chart I use 50. duh. Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 We are in a news driven environment (as you already notice) but the technicals always prevail. One observation...The market is looking for a reason to rally. The slightest positive development in any area will be seen as a reason for a rally. Keep that in mind as we approach cyclical lows over the next week or so Link to comment Share on other sites More sharing options...
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