StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 6 7 8 9 10 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #61227
Ignore nikoschopen
4/8/2008 11:42:34 AM

The SPOOZ (S&P futures) has since hit the upper trendline extending back to 04/02 from below and is now retracing its move back down. This should be a nice short setup.

nikoschopen
2,824 posts
msg #61228
Ignore nikoschopen
4/8/2008 11:51:21 AM



nikoschopen
2,824 posts
msg #61235
Ignore nikoschopen
4/8/2008 2:28:47 PM

BTW if ure not sure how one market is affected by another market, check out John Murphy's "Intermarket Analysis".

nikoschopen
2,824 posts
msg #61236
Ignore nikoschopen
4/8/2008 2:42:41 PM



maxreturn
745 posts
msg #61238
Ignore maxreturn
modified
4/8/2008 3:35:26 PM

Think we got our answer Niko. Geez, all I want is a meaningful pullback on the daily charts to nip away at the long side.

nikoschopen
2,824 posts
msg #61240
Ignore nikoschopen
modified
4/8/2008 5:42:28 PM

Max,

Could it be anybody's guess that the market will gap lower tomorrow? Perhaps, but I think it will.

Cheers!

karennma
8,057 posts
msg #61246
Ignore karennma
4/8/2008 7:52:58 PM

1 or 2?
okay, .. I pick #2!

:>)


nikoschopen
2,824 posts
msg #61253
Ignore nikoschopen
4/9/2008 12:30:00 PM

Way to go, Karen! I'm sure you'll be richly rewarded.

Here's the tentative game plan I will be following in the coming days. Unload the boat once the S&P reaches 1317 and then reload the guns at 1340 to ride the market down to 1250-ish. Easy enough?

nikoschopen
2,824 posts
msg #61282
Ignore nikoschopen
4/10/2008 11:26:46 AM

Check it out, folks. It ain't gonna get any better than this!


S&P futures 2-hour chart

nikoschopen
2,824 posts
msg #61288
Ignore nikoschopen
4/10/2008 12:38:22 PM

Can it be done? Or will it?

S&P 500 5-min chart

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 6 7 8 9 10 ... 30 >>Post Follow-up

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