tag:blogger.com,1999:blog-5888907630242568925.post1948474143398687208..comments2023-06-05T04:15:43.212-04:00Comments on Money Money Money: Blow off top or first leg of new bull cycle?chaugnerhttp://www.blogger.com/profile/16378543210029732358noreply@blogger.comBlogger36125tag:blogger.com,1999:blog-5888907630242568925.post-56540833540172167792009-04-20T17:53:00.000-04:002009-04-20T17:53:00.000-04:00I did all right. I sold them at SPX around 836. I ...I did all right. I sold them at SPX around 836. I am looking for a bounce to get back in. I have been burnt both ways before -- not taking the profit or taking it too early. Let us see how this one plays out. If we get a bounce -- retracement, sell off will be even stronger. All bulls who missed profit taking will jump the sheep.samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-68955593564250336872009-04-20T16:40:00.000-04:002009-04-20T16:40:00.000-04:00Sam- you musta made a killing on those entries las...Sam- you musta made a killing on those entries last week! Good stuff. You still holding?schismatichttps://www.blogger.com/profile/16041636923976988984noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-86367120124742023302009-04-20T15:58:00.000-04:002009-04-20T15:58:00.000-04:00Chaugner your 832 is holding well. do you think a ...Chaugner your 832 is holding well. do you think a bounce here?samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-82954318828313481622009-04-20T15:25:00.001-04:002009-04-20T15:25:00.001-04:00dingdong, thx for the props. As you can tell been ...dingdong, thx for the props. As you can tell been a bit more active. I am currently in the UK again (been here for 6 weeds). Due to timezone it makes it a lot easier to trade and update comments here in the blog.<br /><br />And yes I do plan on holding on for a while. I have no stop set on my SDS position, I may even hold this all the way to my final target at <500. We'll have to see what will happen over the next few days and of course our important target at 741-780.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-32827655593866145222009-04-20T15:25:00.000-04:002009-04-20T15:25:00.000-04:00I got stopped out of SSO for ten cents loss too. I...I got stopped out of SSO for ten cents loss too. I will just wait for dead cat bounce to get in short. may be tomorrow gap open highsamamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-37051691383827028642009-04-20T14:53:00.000-04:002009-04-20T14:53:00.000-04:00and stopped again. At least I get to stop around b...and stopped again. At least I get to stop around break even on every attempt.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-86279628141134702142009-04-20T14:48:00.000-04:002009-04-20T14:48:00.000-04:00yeap skipping dinner, eventhough I am really hungr...yeap skipping dinner, eventhough I am really hungry. Went long again at the bottom there. 832 on ES. We should get 10 points out of it and then make a new low in the last 30 minutes of trading today.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-34327378913905673432009-04-20T14:44:00.000-04:002009-04-20T14:44:00.000-04:00here comes the rally.here comes the rally.samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-63898705484404459422009-04-20T14:05:00.000-04:002009-04-20T14:05:00.000-04:00going to pick up some dinner. Based on what I am s...going to pick up some dinner. Based on what I am seeing, get ready for a 828 intraday test. Should be back for the last hour of fireworks !!!chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-41262946008553561902009-04-20T14:02:00.000-04:002009-04-20T14:02:00.000-04:00stopped out. Not going to risk it.stopped out. Not going to risk it.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-29411642561494750362009-04-20T14:01:00.000-04:002009-04-20T14:01:00.000-04:00I see 842-843 as a bounce top. If it goes to 845-8...I see 842-843 as a bounce top. If it goes to 845-846 watch out for bigger move upside.samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-3482954589907966642009-04-20T13:44:00.000-04:002009-04-20T13:44:00.000-04:00I'm hanging on :-/
In the following since Friday:...I'm hanging on :-/<br /><br />In the following since Friday:<br />SDS<br />SRS<br />FAZ<br /><br />I've got some stops in place for SRS and FAZ. Otherwise, no plans for selling.<br /><br />btw, great posts lately, Chris. Mad props to ya!dingdongnoreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-65722123635915572332009-04-20T13:33:00.000-04:002009-04-20T13:33:00.000-04:00I too just went long and cashed in Friday's shorts...I too just went long and cashed in Friday's shorts. will get back in soonsamamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-39344863203764781302009-04-20T13:25:00.001-04:002009-04-20T13:25:00.001-04:00thanks chris, i went long too (for a short trade) ...thanks chris, i went long too (for a short trade) keeping an eye on it.Adamnoreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-9738811192269366432009-04-20T13:25:00.000-04:002009-04-20T13:25:00.000-04:00Support points at the moment are:
836 - strong
82...Support points at the moment are:<br /><br />836 - strong<br />827 - medium<br />822 - strong<br />814-15 - very strongchaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-4402062835370984532009-04-20T13:21:00.000-04:002009-04-20T13:21:00.000-04:00a bounce off from 825-830 to 845 50 EMA line ffor...a bounce off from 825-830 to 845 50 EMA line ffor SPX? that should scare some Bears and create rush of profit taking by bulls. What do you think? I am not a TA person but just gut feelingsamamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-60876197271537140952009-04-20T13:14:00.000-04:002009-04-20T13:14:00.000-04:00just went long. Short term trade. Tight stop.just went long. Short term trade. Tight stop.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-13409418985449402772009-04-20T12:55:00.000-04:002009-04-20T12:55:00.000-04:00lol! lol! thanks.lol! lol! thanks.Adamnoreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-40394575937762744002009-04-20T12:54:00.000-04:002009-04-20T12:54:00.000-04:00I meant one last push to the lower end to hit it r...I meant one last push to the lower end to hit it right at 837 before we see any bounce. How high the bounce goes I have no idea. Will put a trailing loss with 3 points on it and see where it takes me. All the way to 900? lolchaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-57520961640665227362009-04-20T12:53:00.000-04:002009-04-20T12:53:00.000-04:00push to around 846 ?push to around 846 ?Adamnoreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-27592405386994758452009-04-20T12:49:00.000-04:002009-04-20T12:49:00.000-04:00very possible that we see a breakout to the upside...very possible that we see a breakout to the upside now. the last hour has been spent in a range getting narrower (bullish lowering wedge). I think it has one last push left in it to the 837 range. Here is where I would go long with 3 point stop.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-80129011095720811272009-04-20T12:26:00.000-04:002009-04-20T12:26:00.000-04:00not very large. Too much breath today, may only be...not very large. Too much breath today, may only be 5 points worth. FYI I am keeping this SDS till at least 780. Not planning on selling anytime soon, actually considering adding more over the next week. Will have to do some volume analysis tonight to figure out exactly what happened today in terms of money flow.<br /><br />I am still doing intraday trades using my futures account, got to get my trade fix in at least once a day =).<br /><br />836-838 will be very interesting once we get there. Since this is the low of the previous wedge lower line. I do expect a bounce there, question is if it can fight the current trend for more then 5 points. Wedge breakouts are tricky to trade if you do not have a position.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-57457734434360755272009-04-20T12:22:00.000-04:002009-04-20T12:22:00.000-04:00How much of a retracement are you looking for chau...How much of a retracement are you looking for chaugner? I am wondering, if I should cash in my Friday's short.samamehtahttps://www.blogger.com/profile/17905476190756761913noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-36177736440229529282009-04-20T12:06:00.000-04:002009-04-20T12:06:00.000-04:00sorry just got back....thanks for this chris, its ...sorry just got back....thanks for this chris, its really helpful. <br />No unfortunately i missed the chance to short at the top last week :( but hoping to get another chance to short(although not at the top) this week.adamnoreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-216497420791455172009-04-20T11:59:00.000-04:002009-04-20T11:59:00.000-04:00waiting for 838 for another long attempt.waiting for 838 for another long attempt.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.com