FAS/FAZ for New Week 4/27

[TraderSU]

Stress test result is postponed. Damn manipulators!

 

[TraderSU]

What is the game plan for today?

 

[Eko_Trader]

Quote from sudhaker:

What is the game plan for today?

I'm looking for a good short entry, but everything is indicating oversold on a short term basis....And I don't encouraging in oversold levels.

 

[scot.mcpherson]

Well I should have stuck by my guns as I keep telling myself, I could half left FAZ at a profit if I held out for this morning. I always seem to have a good idea where the market is headed, but then I continue to second guess myself.

 

[dearinfinity]

picked up Jun09 (9) calls for FAZ

 

[Eko_Trader]

What's going on w FAZ....did you guyz see that dive?

 

[Haroki]

Quote from Eko_Trader:

What's going on w FAZ....did you guyz see that dive?

S&P touched yesterday's low.

Double bottom.

 

[Eko_Trader]

Quote from Haroki:

S&P touched yesterday's low.

Double bottom.

Thanx. I stepped off the desk for a second and the S&P double bottoms....crazy market.

 

[Haroki]

Quote from Eko_Trader:

Thanx. I stepped off the desk for a second and the S&P double bottoms....crazy market.

Actually, a triple bottom there. 2 yesterday, and another one.

But I see a flat bottom pennant forming.

Bearish.

 

[Eko_Trader]

Quote from Haroki:

Actually, a triple bottom there. 2 yesterday, and another one.

But I see a flat bottom pennant forming.

Bearish.

If my chart is correct, the bottom just broke...