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| Posted: 18 Aug 2008 4:36 PM | ||
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Registered User Currently Offline |
Posts: 2269 Non Typical:  Join Date: Mar 2005 |
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Hey guys,
For those that watch the market, keep an eye on 1274 on the SnP. A break of that level on a closing basis likely signals a new leg down. 
JC |
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| Posted: 18 Aug 2008 9:06 PM | ||
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Registered User, Sponsor Currently Offline |
Posts: 2606 Monster Buck:  Join Date: Feb 2005 |
Thanks! I warm up the the old Buy button for the Put options!  __________________ "Always vote for principle, though you may vote alone, you may cherish the sweetest reflection that your vote is never lost." - John Quincy Adams
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| Posted: 19 Aug 2008 11:05 AM | ||
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Registered User Currently Offline |
Posts: 2269 Non Typical: Join Date: Mar 2005 |
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Well...
That didnt take long! They gapped em down from 1279 to a low of 1271 on the opening bars. Now straight down into minor support at 1264... JC 
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| Posted: 19 Aug 2008 7:00 PM | ||
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Registered User Currently Offline |
Posts: 2269 Non Typical: Join Date: Mar 2005 |
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Quote:
Likely heading for the bottom of the August 5 gap which runs from 1248.80 up to 1257.70....JC |
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| Posted: 04 Sep 2008 7:03 PM | ||
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Registered User Currently Offline |
Posts: 2269 Non Typical: Join Date: Mar 2005 |
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Well...
Here we are...two weeks later and not only did we make it down to the bottom of the Aug 5th gap, we also continued right down to the July 29th gap which bottoms at 1235.10 What was todays low?....1235.20!! Hope everyone made out OK...If you didn't be very prepared for more as this is likely just a drop in the bucket so far for this move.... JC |
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| Posted: 04 Sep 2008 9:46 PM | ||
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Registered User, Sponsor Currently Offline |
Posts: 2606 Monster Buck: Join Date: Feb 2005 |
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Quote:
Hope everyone made out OK...If you didn't be very prepared for more as this is likely just a drop in the bucket so far for this move.... I closed my shorts too soon,, AGAIN!  __________________ "Always vote for principle, though you may vote alone, you may cherish the sweetest reflection that your vote is never lost." - John Quincy Adams
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