3309 Drysdale Ct
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I added back some shorts late yesterday -- anyone have thoughts about the opening gap?
pro gap down i think they fill it then go down hard
You might look for support on the 15min SPX retracement levels at 50% 1058.97 (but should open below that) and 61% 1049.35.
It's going to open below all the moving averages I see.
stevedfw - thanks. I closed out just after the open. Now waiting.
Michael, looks like you made the right call on covering your short. Congrats!
I went long at 10:10am myself. I stayed in to the 50% retracement on 5min SPX. Got out a bit early, but oh well.
Matt's 5min and 15min charts are great for this.
thanks steve, yes,that worked well...
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I added back some shorts
Posted by Michael on 20th of Jul 2010 at 09:16 am
I added back some shorts late yesterday -- anyone have thoughts about the opening gap?
gap
Posted by tshaker45 on 20th of Jul 2010 at 09:36 am
pro gap down i think they fill it then go down hard
You might look for support
Posted by stevedfw on 20th of Jul 2010 at 09:24 am
You might look for support on the 15min SPX retracement levels at 50% 1058.97 (but should open below that) and 61% 1049.35.
It's going to open below all the moving averages I see.
stevedfw - thanks. I closed
Posted by Michael on 20th of Jul 2010 at 09:55 am
stevedfw - thanks. I closed out just after the open. Now waiting.
Michael, looks like you made
Posted by stevedfw on 20th of Jul 2010 at 04:25 pm
Michael, looks like you made the right call on covering your short. Congrats!
I went long at 10:10am myself. I stayed in to the 50% retracement on 5min SPX. Got out a bit early, but oh well.
Matt's 5min and 15min charts are great for this.
thanks steve, yes,that worked well...
Posted by Michael on 20th of Jul 2010 at 04:26 pm
thanks steve, yes,that worked well...