Oyster Posted March 18, 2003 Report Posted March 18, 2003 Covered half here to write in something and give another chance if one more rally back over 870.....will be happy too if we continue lower...I had loaded up a little too much....ggg
Guest Posted March 18, 2003 Report Posted March 18, 2003 SG -- go in peace. You have made a great contribution in the past as I am sure you will again in the future. These are trying times. Go out and feed the birds and get yourself reset. Then you will be ready, for the best is yet to come.
Guest bidhitter Posted March 18, 2003 Report Posted March 18, 2003 Today is day 5 of the current up cycle and with mid cycle highs due tomorrow or friday, I look for maybe a small push higher today. We are gapping this morning and remember the following: 0-1% gaps 86% fill within first hour. After first hour only 4% fill. 1-2% gaps 68% fill within first hour. After first hour only 4% fill. Greater than 2% gaps fill less than 50% of time during day. have revised the previous rules of using prev day range since I was able to get good backtest data from a friend over last 3 years of qqq,dia,spy. Therefore if we don't fill gap by 1030 then jump on buy inside of gap and look for a move higher. I suspect we fill the gap this morning and then recover. ES A break of 855 down should bring 852 and 849. Trading above 861.50 keeps the bulls firmly in control with 870 and 881 the targets.We do have some resistance at 875-76 area which could halt current run. Anything over 870 and we are very technically extended...but does that matter right now. NQ Appeared to be exhausted after yesterday' early morning ramp.I look for 1103 as tops for a target today. Expect resistance at 1095 and 1087 too. A move back below 1071 could bring a move down to 1059. Look for the bulls to jump back in here. 1047 is extended target and unlikely. Dow 8150 was big o/h so now we look to to the big 8250 resistance. Trading above 8000 keeps the bulls in control. Only a move below 7995 does the current rally cast some doubts. Look for bounces in there. I suspect we fill the gap this am then trade a little lower before mounting another mid morning rally back up though the fed meeting. Look for buy ops near 852 and naz 1059.
DrStool Posted March 18, 2003 Report Posted March 18, 2003 Bontchev- Wouldn't I love to "host it myself." Here's why I can't. A bankrupt and unreliable isp. The local electric utility hasn't figured out how to keep the power on when it rains a little. I know zero about http and Unix and all the other things it takes to run a website. I like to take a vacation occasionally. Rackshack or another wholesaler of servers would be ok, but again, I don't have the necessary programming expertise.
Oyster Posted March 18, 2003 Report Posted March 18, 2003 SG & Oyster - enjoy your rest and thanks for everything you've done here. I'm sure we all will be waiting impatiently your return. Regards, Vesselin You want to get rid of me now? ...heeHee
Guest Posted March 18, 2003 Report Posted March 18, 2003 SG - you will be sorely missed. This market has blown so much to smithereens. Confounded us - and I am an inexperienced trader compared to many here. So even to the best - it sometimes fails to add-up. Rethink, recharge. Even fly a kite!! We will be waiting for you on your return. We have enormous repect for you. Mark
ShamPoo Posted March 18, 2003 Report Posted March 18, 2003 Thanks SG, yawl karma back soon. Mr. Oystra, you stay.
Guest Posted March 18, 2003 Report Posted March 18, 2003 You want to get rid of me now? ...heeHee Sorry, did I misunderstand? I thought that you said that you soon will be taking a rest, like SG - so I used the opportunity to thank both of you and tell you that we'll be counting the hours of your return. Regards, Vesselin
Guest AssMaster Posted March 18, 2003 Report Posted March 18, 2003 Hmm...I put in a sell order on WEL at 2.49. I wonder if it will hit today? This is one cray-zee stock my friends.
sweefraapp Posted March 18, 2003 Report Posted March 18, 2003 Sox is about the weakest so far. That's usually a good thing for bears. Broken through 72/3.
Darktrader Posted March 18, 2003 Report Posted March 18, 2003 mkt tends to flat going into FOMC meeting?
phatbubble Posted March 18, 2003 Report Posted March 18, 2003 SG: go in peace, long rifle. thanks for all your work.
Ned38 Posted March 18, 2003 Report Posted March 18, 2003 Please help I am at a different computer and don't have scot trades symbol for Tick????? Anyone?
Recommended Posts
Archived
This topic is now archived and is closed to further replies.