Quote from Trend Fader:
You gotta love these pointless hindsight commenteries... lol
Thanks for for the late night laugh..
--MIKE
sorry pal --- i have been talking about 1201 on the SPX for a while now -------------
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MacroEvent
Registered: Jul 2005
Posts: 722
10-05-05 05:33 PM
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Quote from MacroEvent:
currently 1210.75 and still grinding down to 1208 ---- getting closer now and the storm has not even hit yet.
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well finally got my 1208 today on the es ---- now 1201 on the SPX is the line in the sand. if 1201 on the cash breaks this week then ride it short and heavy like Seabiscuit. 1170 is looking like the next true support for the SPX is we break 1201 and october turns into a rough month.
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MacroEvent
Registered: Jul 2005
Posts: 722
10-06-05 07:02 PM
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Quote from MacroEvent:
spx 1196.39 at the close --- tomorrow will have to fight back to hold 1201 quick or we will get more of the same liquidation.
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shorting heavy at the spx touching the 1201 spx level today has worked out very well --- this became our exact area of top side resistance today after it was broken yesterday. the first test of a major resistance level in a very weak market is usually a very good short entry.
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too bad your immediate need for negativity brings about a real reason for a good laugh!
