I must have missed your post earlier. What kind of triggers are you setting… you are talking about a buy order off a bounce? I am worried setting a market order because if the spreads are huge you may get screwed. Just wanted to see what you meant. Thanks in advance 🙂
Just look for the 980-990 area, and watch what time it is. I suspect the selling will stop around 11am to noon est. If the market is in that range by then, I'd say the selling is over.
Of course it could fall to 875, but then I'd expect it to hit 980-990 very early… like 10am or something, to allow it to continue falling on down and end by noon.
Just look for the 980-990 area, and watch what time it is. I suspect the selling will stop around 11am to noon est. If the market is in that range by then, I'd say the selling is over.
Of course it could fall to 875, but then I'd expect it to hit 980-990 very early… like 10am or something, to allow it to continue falling on down and end by noon.
Ok, first time post. First thank you Red for the blog and I agree Sun Dancer has added alot to all. Sundancer reminds me of Fatima, not sure if your posting ID is tied to this? FWIW, I am a toasted bear, and have been holding positions since last summer, but am thankful my shorts are ETFs and not puts where I would of been completely wiped out. I own some Faz from 58.00 and EDZ at 16, both of which have resplit. My question is Roubini thinks another percent and if sundancer is correct, up to 875 ish. You mention a reverse Doji, so any Idea what I should put my limit order sells in tomorrow a.m. so if it gets bad and then reverse, I can get out a decent price. I saw some on the FAZ board added to put a sell in at 29.84. Thanks in advance.
Sundancer… I cant really see the numbers but if we open below the containment points tomorrow we might see another drop as severe as today… is that what you are thinking? Thanks
I've been looking, but I haven't seen one. Wish I knew what it was, but I have two targets in mind for tomorrow. One is 980-990, and the other is around 875 spx.
I think it will be quick, lasting only in the first hour or two, and then a rally back in the afternoon. Should look like Feb. 5th, 2010 did… a doji.
Keep your eye out for fake prints, and let me know if you find one. Thanks.
Did we also get a downward target with a fake print for tomorrow? Or was that already hit with the crash on May 6th?… In other words where ar eyou getting your targets from. Thanks
Hi Mon,
I must have missed your post earlier. What kind of triggers are you setting… you are talking about a buy order off a bounce? I am worried setting a market order because if the spreads are huge you may get screwed. Just wanted to see what you meant. Thanks in advance 🙂
Just look for the 980-990 area, and watch what time it is. I suspect the selling will stop around 11am to noon est. If the market is in that range by then, I'd say the selling is over.
Of course it could fall to 875, but then I'd expect it to hit 980-990 very early… like 10am or something, to allow it to continue falling on down and end by noon.
I have too NewBear…
Just look for the 980-990 area, and watch what time it is. I suspect the selling will stop around 11am to noon est. If the market is in that range by then, I'd say the selling is over.
Of course it could fall to 875, but then I'd expect it to hit 980-990 very early… like 10am or something, to allow it to continue falling on down and end by noon.
Ok, first time post. First thank you Red for the blog and I agree Sun Dancer has added alot to all. Sundancer reminds me of Fatima, not sure if your posting ID is tied to this? FWIW, I am a toasted bear, and have been holding positions since last summer, but am thankful my shorts are ETFs and not puts where I would of been completely wiped out. I own some Faz from 58.00 and EDZ at 16, both of which have resplit. My question is Roubini thinks another percent and if sundancer is correct, up to 875 ish. You mention a reverse Doji, so any Idea what I should put my limit order sells in tomorrow a.m. so if it gets bad and then reverse, I can get out a decent price. I saw some on the FAZ board added to put a sell in at 29.84.
Thanks in advance.
Sundancer… I cant really see the numbers but if we open below the containment points tomorrow we might see another drop as severe as today… is that what you are thinking? Thanks
I hate those, I've been caught short on those hard reversals before and it was very painful
I've been looking, but I haven't seen one. Wish I knew what it was, but I have two targets in mind for tomorrow. One is 980-990, and the other is around 875 spx.
I think it will be quick, lasting only in the first hour or two, and then a rally back in the afternoon. Should look like Feb. 5th, 2010 did… a doji.
Keep your eye out for fake prints, and let me know if you find one. Thanks.
Hi Red,
Did we also get a downward target with a fake print for tomorrow? Or was that already hit with the crash on May 6th?… In other words where ar eyou getting your targets from. Thanks
should of put his address….
http://cobrasmarketview.blogspot.com/
heres cobras take…
http://lh5.ggpht.com/_APmrYvpA45s/S_WmwcyWHQI/A…