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Post by benvestor on Sept 30, 2010 14:39:20 GMT -5
To me a sub 1142 close is a sign for selling tomorrow..
Basing this on a few posters from the board and the past few days closing around 1142 led to the next morning sell off..
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Post by Clinton SPX on Sept 30, 2010 14:41:53 GMT -5
39
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Post by Clinton SPX on Sept 30, 2010 14:42:29 GMT -5
robot logic says bad close means big gap up
1st of the month should be an up day no matter the close
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Post by benvestor on Sept 30, 2010 14:45:42 GMT -5
good point
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Post by dzech00 on Sept 30, 2010 14:49:57 GMT -5
just voted 1144. only 10 minutes to close. at 1142.47 as I type
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Post by timber on Sept 30, 2010 14:55:06 GMT -5
not all 1st of the months are up days
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Post by benvestor on Sept 30, 2010 14:57:02 GMT -5
I seee bear flags.. i might just sell it all and daytrade tomorrow..
i can see it going either way tomorrow tho because the robots keep squezing the shorts eesh
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Post by Clinton SPX on Sept 30, 2010 15:01:21 GMT -5
lots of short covering at close
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Post by benvestor on Sept 30, 2010 15:05:04 GMT -5
not in some of the big names I am watching
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Post by bellevuetrader on Sept 30, 2010 15:07:06 GMT -5
Everyone is wrong....it close at 1141.20.....robots squeezing shorts? How so? If you tried trading today, you would have gotten squeezed. I'm down 0.04% on my FAZ position....no squeezing here. lol!
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Post by benvestor on Sept 30, 2010 15:07:10 GMT -5
I am at schoo tho so you prob have a more comprehensive list tho
The pop seems probable tomorrow.. Ben speaks tomorrow too
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Post by benvestor on Sept 30, 2010 15:08:59 GMT -5
T4d called it perfect 1157 acted as a top and the ride down would have been a perfect bank move for puts..
Man i wish i could just trade 6-1 everday and not have other stuff do these big swings are so nice for scalping options
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Post by bellevuetrader on Sept 30, 2010 15:17:12 GMT -5
ben...you going to sac state? davis?
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Post by benvestor on Sept 30, 2010 15:22:25 GMT -5
Sac State In the library now.. attempted to daytrade on my netbook and lib computer.. i told myself no trading on school days.. but it is down to a few hours  |
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