S&P daily pivots and break-down & up Targets

couple of good calls from Et journal...

Pekelo: I guess we have reached the 20-30 pts range from 1287.... (1259)


smilingsynic: What I am expecting at this moment is a gap fill (1240 area, from 7/17) and therefore a shakeout that will serve as a bear trap, after which the market will hit the 1320's by Labor Day.

That said, I rely heavily on conditional probability, and if conditions change, so do my expectations. Most of my trading these days is intraday, since that is my strength.

EDIT: In addition, the 1240's represent a 50% pullback from 1200.75 to 1291.25.
 
lol

that dammm 1240 again, if you watch my vids you would have listened to me say that was a huge number when we where
trading around that number last week

now it is 1260 we need to close above 1260 to avoid more trouble

ty for your post, it confirms my thoughts
 
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/kv7pUHCcbJU&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/kv7pUHCcbJU&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>

Info for Friday
 
Really odd day (although again I think you - JB - made your upside target, while I had to move my SHORT stops up, lol).

But, we stayed in "bullish" territory for most of the day - in fact above the breakout point. . .to only now move below the "line in the sand"!?!

Not sure if we will go "bearish", but it has been a topsy-turvy Friday :).

paysense out
 
Friday was an indecesion day, unable to hold any rally
this is a cause for concern

1240 again................lol

That pesky number still in effect for Monday
 
You must log in or register to reply here.
Back
Top