Monday, November 3, 2008

SPX retracement off 985.

Still strength in the chart. Would wait for anything near the 970 range again for a long. Market still has plenty of strength and all support points should be valid.

From the breakout the market looks like it's on it's way to 1000+ and possibly the 1050 area

Stops near that previous 955 swing low

13 comments:

xvidivx said...

Nice man I would like to follow u.
Because Some of ur opinions are like a giant.

Dan said...

Thanks bud, I really appreciate it. I'll do my best to do whatever I can for you.

xvidivx said...

I will appreciate if u update u trade instantly. I notice in 28 Oct, U posted bought sso very late

Thx

xvidivx said...

Do u mind tell me about "SPX retracement off 985." is ur opinion or from Xtrends, Now the ES future is 988

xvidivx said...

Hi friend

R u watching market?

Dan said...

Oh yes, i'm sorry about that. I'm not very timely on posting my entries. I usually go back and post the trade execution since I'm usually looking through a variety of options in which I expect to move with the market strength. So it takes a little while to come back and update my post.

I apologize. I'll try and do a better job of that.

Dan said...

Nope my personal analysis on this board is rarely from xTrends. HOWEVER, I do keep an eye on Atilla to see if my opinion coincides with his. If it does I ALWAYS have much more confidence in my play.

Atilla's a great trader and if my position is opposite of his, I usually trade at a much lower level
with a few exceptions.

If you go back through his posts and my posts, I've noticed him and I have had timing conflicts of when the market moves but regardless we usually always end up in the same direction.

Dan said...

What's funny is that Atilla uses different TA than I do. I tried to discuss this with him but haven't been in contact with him.

Dan said...

xvidivx said...
Do u mind tell me about "SPX retracement off 985." is ur opinion or from Xtrends, Now the ES future is 988

November 4, 2008 3:14 AM


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Yup, that was based off of previous resistance we were up against. The market needed to consolidate and then eventually gap over it in which the next move was going to be to the 1,000 area.

xvidivx said...

Sure, I think some of ur stock pick is in ur thought, However Voxx is great pick

Dan said...

Thanks.

Yup, I trade on TA, fundamentals, and gut feeling....however I place more wieght on TA and 2nd fundamentals.

Gut feeling is like going to the casino...i'm gonna be 50/50 :)

xvidivx said...

Blogger Dan said...

Thanks.

Yup, I trade on TA, fundamentals, and gut feeling....however I place more wieght on TA and 2nd fundamentals.

Gut feeling is like going to the casino...i'm gonna be 50/50 :)

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Plz don't trade stock like casino. I am following u LOL, SO I won't follow with a gambler.

Low profit is better than loss in this weak market

Dan said...

lol oh. It's only a small portion of my trading. Maybe only 10%.

Since I trade options it can be very lucrative.

But in that case, I'll keep the gambling to a minimum. Or won't post it at all. :)

Stops on YHOO @ .48 right now too. I'll update the post