The S&P has topped !!

[doublea]

Quote from doublea:

Hey Bird: You might like this:

http://biz.yahoo.com/tm/060124/13831.html

I got stopped out of the yesterday's longs and entered a short position at the close with stop at 1277.25.

In the past I have noticed that the market takes off to the upside when there is a slight decline in crude but today crude declined more than $1 and still there was pretty decent selling in YM, NQ and ES for most of the day. So when the news is good and market doesn't go up, SELL--- SELL--- SELL. Forget about 1300 we might not even see 1275 in Jan!!!!!

Was I wrong here? Got stopped out overnight. I will probably not trade for rest of the month so that I can say I'm up 8% in January.

 

[Buy1Sell2]

sold ES at 1277.50

 

[EqtTrdr]

Quote from EqtTrdr:

bottom...

market needs 1300 tomorrow.. easy

yeah baby $$$


lets get 1300 today!!

I love 100% up room to go

 

[Buy1Sell2]

stop is at 1286.50

 

[Buy1Sell2]

This is the toughest part of any trade for me-- we are right at the 20 hr MA and I have to decide if it is going to bounce or go thru

 

[EqtTrdr]

Quote from EqtTrdr:

yeah baby $$$


lets get 1300 today!!

I love 100% up room to go

awesome free money

 

[Buy1Sell2]

A decent bearish divergence has just formed on hourly ES charts with MACD histogram and RSI . Lower from here?

 

[Choad]

Quote from EqtTrdr:

awesome free money

I jez keep tellin' 'em - Buy Those Dips!

...but don't forget to sell. Hint: you should have sold already.

Good trading to all!

 

[EqtTrdr]

Quote from Choad:

I jez keep tellin' 'em - Buy Those Dips!

...but don't forget to sell. Hint: you should have sold already.

Good trading to all!

Sell?? why sell???

futs huge gap here on MrSoftie/BRCM!!!

I love no risk overnight long futs plays for free money$$$$

 

[independenceair]

The indicators seem to drag downwards during congestion periods- if you're using 60 minute charts- there's a cluster of hourly bars 1275 and 1279- i'd call that congestion- it looks like traders are hyper sensitive to oil- or it s a big coincidence.

I was refering to a post about rsi and macd divergence - during congestion they (indicators) sometimes slack off suggesting lower prices ahead - not always so. Watch the Dow Transports with your daily analysis- sometimes they help.