Posted by frtaylor on 25th of Apr 2012 at 09:53 am
question is, will this be one of those days when the 60
stochastics stay above 80 all day on a 5-min chart. If so, no
point in trying an intraday short here at R3. Not that I was
going to anyway. Glad I closed my SPY short yesterday!
Best to be on the sidelines....
R3 on SPX Cash is
Posted by steve on 25th of Apr 2012 at 09:50 am
R3 on SPX Cash is at 1389
question is, will this be
Posted by frtaylor on 25th of Apr 2012 at 09:53 am
question is, will this be one of those days when the 60 stochastics stay above 80 all day on a 5-min chart. If so, no point in trying an intraday short here at R3. Not that I was going to anyway. Glad I closed my SPY short yesterday! Best to be on the sidelines....
I think it will all depend on what comes out from the FOMC
Posted by mrab on 25th of Apr 2012 at 09:57 am
statement later today. It can turn an up market day around or add more fuel to the rally.
probably, obviously we can't say
Posted by matt on 25th of Apr 2012 at 09:53 am
probably, obviously we can't say that for sure just yet as it's way early, but it wouldn't surprise me
I look forward to intraday
Posted by frtaylor on 25th of Apr 2012 at 09:56 am
I look forward to intraday charts from BPT!