Posted by dallassteve on 3rd of Mar 2009 at 12:22 pm
Matt, the first chart on last night's update shows minute wave 3
completing soon, and a small wave 4 bounce. I am hoping the
positive divergence setting up will bring about this wave 4.
Of course, it does not have to happen at this particular
moment. But isn't it about time?
Posted by junkmaylbox on 3rd of Mar 2009 at 12:46 pm
No stops, I could be wrong with my timing. If the market goes
against me, I am going to reduce costs by selling low and buying
lower. FAS is too volatile to make a meaningful stop. Make sure you
use no margin, as it could go against you. I already lost 5% today
on trying to top pick SKF.
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SPX 15 min chart.png here's a 15
Posted by matt on 3rd of Mar 2009 at 11:59 am
here's a 15 min SPX chart, there is some positive divergence to note. It doesn't have to play out, but it should be noted just in cae
SPX 15 min dynamic
Matt, the first chart on
Posted by dallassteve on 3rd of Mar 2009 at 12:22 pm
Matt, the first chart on last night's update shows minute wave 3 completing soon, and a small wave 4 bounce. I am hoping the positive divergence setting up will bring about this wave 4. Of course, it does not have to happen at this particular moment. But isn't it about time?
I've got loaded with FAS
Posted by junkmaylbox on 3rd of Mar 2009 at 12:36 pm
I've got loaded with FAS to play a bounce. Using no margin here, so I could wait indefinitely if wrong.
I may buy some FAS,
Posted by dallassteve on 3rd of Mar 2009 at 12:40 pm
I may buy some FAS, too. Do you have stop on it? I already have some UYM. Thanks for the post.
FAS
Posted by junkmaylbox on 3rd of Mar 2009 at 12:46 pm
No stops, I could be wrong with my timing. If the market goes against me, I am going to reduce costs by selling low and buying lower. FAS is too volatile to make a meaningful stop. Make sure you use no margin, as it could go against you. I already lost 5% today on trying to top pick SKF.