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No, not yet! :eek: I entered my short after that pop. :) That's not to say there couldn't be another pop. Still too close for my comfort until we drop a bunch more. I decided to go short only after seeing two consecutive confirmation bars on the 15min chart. EDIT: We have to get...

No you may not, at least not until I make some profit on my short from 1464.50 (6-tick stop). :)

Here's one for B1S2: Is it possible that the monthly chart portends a crash of 2000-esque proportions? Look at the monthly RSI, and compare with 2000.

Closed at 1450.25 for +3.25. Tomorrow, all. Good trading! (Gosh, I miss those 40- and 70-point moves. What do they think it is...August?)

Last trade of the day... S 1453.50 BS 1455.00 (6 ticks) FYI, 1453.50 is exactly 50% retracement point for today's 13-point decline from 1460.00 to 1447.00. Calculated target would therefore be 1453.50 - 13 = 1440.50. EDIT: Correction. Retracement actually peaked at 1455, so...

Spec, was Sen. Dodd going to make a statement? Did he just make it? Not quite ready to short this puppy, but getting close...

Nice little manipulated short squeeze there, eh?

Long from 1447.75 w/6-point stop. Stop raised to breakeven. Target 1457, but prepared to bail out early if there's no follow-through above 1452. EDIT:Yikes!!! I mean 6-TICK stop!!! The day you see me place a 6-point stop, call the ambulance and have them take me to ICU. (With...

Wound up exiting this position on a trailing stop at 1454.25 for +5.25. Not the 10-20 points I'd hoped for, but perhaps the last hour will bring another shorting opportunity from a retest of HOD. [Sorry for late report, but I've been having a heck of a time posting on ET today. Awhile ago, I...

Gonna try the chart again...

Overbought RSI on pre-market top, RSI grail on 12:00 ET top, MACD histogram divergence. Plus R1 pivot is 1459. (Not that I believe in pivots, mind you, but every little bit of confluence helps.) Retest of top now may wind up stopping me out (as Spec predicted). Been trying to post a...

Anyone else having trouble posting attachments today?

S 1457.50 BS 1459.25 PT1 ~10 points PT2 ~20 points

Tried to go long at 1444.25 but didn't get filled. :(

Long again from 1445.50, with 6-point stop. EDIT: Stopped out for -1.5.

1445.50 hit and filled for +4.75. EDIT: Long from 1445.75 with 6-point stop. EDIT: Stopped out at breakeven.

Long from 1444.50, 6-point stop, now moved to breakeven. EDIT: Out at 1448.75 for +4.25 scalp. (Tried to get out at 1452 for +7 but not filled and stopped out at trailing stop.) EDIT: Short from 1450.25, 6-point stop. Target 1445.50.

Top of the zone. This is the decision point. Waiting for confirmation or non-confirmation... EDIT: That looked like a pretty decisive penetration to the upside! I'm shifting my bias to the long side, and would be inclined to be a buyer on pullbacks now.

Retest of resistance zone at 1448-50. A reversal here could be a great short into the close.

Nice call!