StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 7 8 9 10 11 ... 30 >>Post Follow-up
karennma
6,386 posts
msg #61246
Ignore karennma
4/8/2008 7:52:58 PM

1 or 2?
okay, .. I pick #2!

:>)


nikoschopen
2,824 posts
msg #61253
Ignore nikoschopen
4/9/2008 12:30:00 PM

Way to go, Karen! I'm sure you'll be richly rewarded.

Here's the tentative game plan I will be following in the coming days. Unload the boat once the S&P reaches 1317 and then reload the guns at 1340 to ride the market down to 1250-ish. Easy enough?

nikoschopen
2,824 posts
msg #61282
Ignore nikoschopen
4/10/2008 11:26:46 AM

Check it out, folks. It ain't gonna get any better than this!


S&P futures 2-hour chart

nikoschopen
2,824 posts
msg #61288
Ignore nikoschopen
4/10/2008 12:38:22 PM

Can it be done? Or will it?

S&P 500 5-min chart

nikoschopen
2,824 posts
msg #61290
Ignore nikoschopen
4/10/2008 1:03:22 PM

So far, so good...



nikoschopen
2,824 posts
msg #61342
Ignore nikoschopen
4/11/2008 1:21:08 AM

Here is a likely scenario based on what went down in the previous bear market. However silly this may seem. I'm just as curious to see whether history can in fact repeat itself.


nikoschopen
2,824 posts
msg #61364
Ignore nikoschopen
4/11/2008 12:21:26 PM

Obviously, judging by the time the post was made, "today" in the above diagram refers to yesterday (4/10).

In the meantime, here are some areas of support I'll be monitoring on S&P.

S&P 500 futures 2-hour chart


nikoschopen
2,824 posts
msg #61366
Ignore nikoschopen
4/11/2008 12:33:46 PM

The blue line just got hit. It would be interesting to see whether it can pierce down to the red line. Moreover, how many times it will get hit and how strong the bulls can withstand the assault from the bears will be critical. Once the red line is violated, it will get downright nasty. After so many days of zigging and zagging with all the nonsense from the bull camp, bears are not gonna let up very easily this time around IMHO.

johnpaulca
10,080 posts
msg #61367
Ignore johnpaulca
4/11/2008 1:06:40 PM

Niko:

I bailed two days ago from the market after seeing what occurred the last few times when the vix touches ema150. I believe that sometimes ya just gotta stay out of the market until ya get some clarity...I still believe we will see more downside...I am holding a few gold stocks and aggies are getting ahead of itself. I think it's time to chillaxe and enjoy the fresh spring flowers...summer is almost here....cheers

nikoschopen
2,824 posts
msg #61374
Ignore nikoschopen
4/11/2008 1:49:25 PM

Yup, I plan to do just that: chill for the summer as the S&P trades near the 1100 mark. Whether that pans out or not, I'll be chillin' nonetheless.

BTW ure prolly aware that the phrase "cash is king" no longer applies in this market thanks to Bernanke & Co.

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 7 8 9 10 11 ... 30 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus