A Message From Rowshan

This has been one of the better days we've seen (for traders) this summer

Nice vol and good movement.

As usual for this time of year, price tested the Pivot in the overnight market.

Parabolic move from there down to 1307.50 (test of 09.25) was clear indication of what we could expect at the open of the US Market.

As usual, the players move it back up to stage the open at 14.25

Market opened and tried to test Value at 1317.75 but couldn't even get there. That weak indication was a good signal to find a short entry anywhere you could as the market rolled over.

We saw a lower high at 1316 (see my chart) and a nice short entry at 1314.25 and again at 1313.75. Frankly I was looking for a move down to 1300, but we saw the reversal at 5 and a quarter instead. Very nice profits for anybody with a decent technical system. Too bad Rubberbird doesn't have one. I agree with his comment that the thread is a "parody"...
 

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Quote from atticus:

Just bought 1310.75 to cover a small short and reverse long. Close enough.
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Out of 2/3 at 1320.00. Will hold the remaining 1/3 for 1328.00.
 
Here's a chart showing the reversal

As you can see we got a couple of tests down to see if the pit wanted to continue taking it down. No sellers? fine, they came in and took it up at 10:41 EST.

See the move test the S2, the retest and doji and boom up we go

You can see the obvious long entry at 1309.50/1310 area for those who wanted to make a buck

Another nice move
 

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Thx for no help "Elite" traders, stopped again!

Anyways, added -

ER2 at 714.7 w/+2 stop. Will look for it to tank below previous near-term low.


:eek:
 
steve46

nice work

EDIT: Gotta love KISS

<a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/000200C0.gif" border=0 ></a>
 
Simple works for me and thanks for your kind comment.

on this test of singles, I added to my long

My system says look for a test of 1329, but this has been a weak market so I expect a possible break down earlier than that. I'll trade whatever happens either way. If singles get filled in I am out and looking for a reversal short.

Steve
 

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Correct call:
Quote from Mr. Rowshan:

ps Even though the S&P futures are -8 pts, i'm still calling for an up close.
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Incorrect call:
Quote from William Rennick:

TUES. 6/24 9:55am dow -64

The mighty "Ball" is NEGATIVE calling for WEAK Market action this morning. EXPECT MORE DOWNSIDE, SELL ANY RALLY ATTEMPTS...
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Rowshan went out on a limb, took the opposite direction from a -8 pt S&P futures open, and was proven correct.
That's how to make big $$ in this market, by having balls.

Now i'll give the floor back to the slime, vermin and slugs which have infested this thread. Go for it rancid ones!

Mr. Rowshan would especially love to hear the squeals of the following slugs (in no particular order): 1) cutten 2) oldtrader 3) bozente 4) steve46 5) landis.
All of whom have quite creepily followed me to this thread. I say throw a net over this group of garbage and put em out of their misery!
 
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