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Apex- Do you have a limit order in at 1532 or do you plan on waiting for a reversal bar?

I agree too. I saw the double tops forming in the other index's and TRIN rounding out and turning up and I jumped the gun a little bit and shorted at 1526.75 with a 1 point stop. I was looking to see if we could at least get back to 1524 but the market didnt fall as fast as I was hoping so I...

Upward sloping TRIN trendline is being tested again. Anything below 1.20 is a break.

Long @ 1509.25 Stop @ 1508 going for homeruns baby! :p

Not that I disagree, but why does it seem like sentiment in this forum changed to very bearish? I'm staring at my charts and I don't see how this dip is any different than the past 3+, but I'm also pretty inexperienced so if someone can explain why that'd be cool :)

LMAO I love it :D :EDIT: This was no offense to Oscar- I enjoy his calls, sometimes use them, and have alot of respect for the guy. You've gotta be able to identify the humor in this though.

I pulled my order at 1525.25... was looking for it to get hit soon after I posted to get a few points higher by open. If it got hit now I'd probably get stopped out in the first 5 minutes of trading just on volatility if not sooner.

Interest rate concerns plus some dooms-day call was made by Morgan Stanley - you can go check out a couple articles posted up in the Wall St. News forum. Alot of stops were taken out on that dip under 1525 which seems to be intentional at this point. I'll be looking to go long at 1525.25...

LMAO... now lets just hope it wasnt a move to run the stops before a move lower

So rather than just staying in until you hit the stop you would have set if you had bought in the value zone, you'd keep the original stop then look for another reversal bar in the value zone to get back in?

The stop being 2 ticks below the low is good, but doesn't this area happen to fall into the value zone you were looking to buy at before?

Agreed.

Very interesting. So if the upward spike is embraced then the "joker" is long for the time being and if its sold he knows the market is week and starts to position himself short? And what does the joker usually buy/sell all at once- a basket of key stocks or futures or a combination of both...

Just sold that spike that came outa nowhere for +3 points... those always seem to come back to where they started at for at least a reentry.

Anyone going long here? TRIN starting to slope downward and just broke under the 1 level. :edit: Long NQ at 1930 with 2 point stop... low probability but im looking for sentiment to change back to BUY DIPS

Well thats cool that you might have found your "thing" but you should give it another month of tracking before you come to the conclusion this is better. Its only a 2 day winning streak so far.

Well, from my super-high-tech and exclusive Yahoo! Chart, it looks to be holding this 3,700 morning support level for now... could get real ugly if it breaks through.

Well I mean the first "shoulder" support being at 11:30 and the "head" being at 13:30 and then the second shoulder possibly forming right here. Then in between, they both made highs around the same level - the symmetry is important.

Possible upside-down head and shoulders (i have no idea if thats the correct term lol) coming up on the ES

Sold my NQ long here and looking to get back in at 1926.50 for highs.