What the F#@&

[Landis82]

I realize that no one here on ET uses "technicals", but as I pointed out yesterday afternoon on another thread in the Trading Forum, the SPX high at 1291.17 was 38.2% retracement of the move down, and the first resistance level.

I also noted in the Technical Analysis forum ( a couple of days ago ) that yesterday was a fib-89 days from the Bear Stearns low.

Using a 38.2% retracement of the recent move up from 1200.44 will target the 1257 SPX level, with a 50% retracement targeting 1245.80 SPX

There's a lot you can do with simple fib retracements.

 

[ByLoSellHi]

Quote from The Swordsman:

Stock_trad3r, you were supposed to leave ET for good, not come back as this lame ass dude.

As G_d as my witness, I almost made the same post, word for word, earlier.

 

[MrDODGE]

Quote from Landis82:

I realize that no one here on ET uses "technicals", but as I pointed out yesterday afternoon on another thread in the Trading Forum, the SPX high at 1291.17 was 38.2% retracement of the move down, and the first resistance level.

I also noted in the Technical Analysis forum ( a couple of days ago ) that yesterday was a fib-89 days from the Bear Stearns low.

Using a 38.2% retracement of the recent move up from 1200.44 will target the 1257 SPX level, with a 50% retracement targeting 1245.80 SPX

There's a lot you can do with simple fib retracements.

This is a news driven drop. Stop tooting your own horn.

 

[ByLoSellHi]

This is all Optiver Capital LLC's fault.

LMAO.

 

[crgarcia]

Quote from Cutten:

"Buy the rumour, sell the fact"

Agree.

Besides six seven up days in a row is outstanding, seven days would be too much.

 

[wiesman02]

soon as the 9:30est, 1 min candle was complete, you could tell that the morning move was a short. I only capitalized on that short w/ a scalp for a few mins, but those that saw what I saw could have def. held that for a while and made some big $.

This move down was not a surprise, and rather obvious if u actually look at the ES daily along with S / R.

 

[JOEY O]

The six day rally we just had was wayyy to good to be true. A pullback back down, especially with financial fundamentals still sucking, was obviously coming. Long SKF. I am more interested in oil's next move.

 

[The Swordsman]

Haha, well it just seems so obvious. Someone had to say it

Quote from ByLoSellHi:

As G_d as my witness, I almost made the same post, word for word, earlier.

 

[Landis82]

Quote from MrDODGE:

This is a news driven drop. Stop tooting your own horn.

A news driven drop?
That's funny.


But then again, I'm not surprised by your reply.
You obviously have no idea how to trade off of technicals. In fact, contrary to what you may think, TRADERS don't really give a rat's ass about WHY, or fundamentals. It's ALL about PRICE.

But for you, it's all about conspiracy theories and "smoke and mirrors".
Too funny!

 

[paysense]

help?!? He's back!