tag:blogger.com,1999:blog-2335748440449035592.post128186602721429932..comments2008-11-13T16:14:13.513-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2335748440449035592.post-2906678414565113432008-11-13T16:14:00.000-05:002008-11-13T16:14:00.000-05:00textbook hammer pattern (well a pretty big hammer head). you could see how monday looks to assess if this was a fakeout or legit with good volume.crappyhttp://www.blogger.com/profile/17601884181311375715noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-70462928261671188832008-11-13T14:38:00.000-05:002008-11-13T14:38:00.000-05:00So would you buy the SP 500 today for a bounce?dclancyhttp://www.blogger.com/profile/09935101366879612882noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-74299389292000545332008-11-13T14:36:00.000-05:002008-11-13T14:36:00.000-05:00No, I'm frozen out for the day<BR/><BR/>they emailed me back and said all the ETFs changed to a new exchange and their systems didn't catch it so they will work on changing it overnight so trades begin to work tomorrow<BR/><BR/>I am really overweight on the short side and now as the market reverses I've lost about 1.5% worth of return just that quick that I could of locked in.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-28292428915544862432008-11-13T14:33:00.000-05:002008-11-13T14:33:00.000-05:00Hopefully, the system let you back in to reduce those shorts just as we were finding a bottom?ianmudhttp://www.blogger.com/profile/01429959868918863661noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-87286104649507207352008-11-13T14:25:00.000-05:002008-11-13T14:25:00.000-05:00Closing<BR/><BR/>It is setting up quite textbook for at least a short term reversal<BR/><BR/>That I'm going to be sitting out due to technical malfunction. <BR/><BR/>Kicking the cat.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-59830713997880905732008-11-13T14:19:00.000-05:002008-11-13T14:19:00.000-05:00Back to 850. From a technical aspect, what matters the most: intraday low or closing price?Stonefoxcapitalhttp://www.blogger.com/profile/00583540825602471042noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-21369324633983862172008-11-13T13:15:00.000-05:002008-11-13T13:15:00.000-05:00Yikes. Now that the time has come, I'm like a deer in headlights. <BR/><BR/>May just buy some ultra short etfs and some longs, set a 5% stop loss and ride either one up. Regardless of what happens today, I'm wondering if the bad news and estimates slashings are already priced in (PE 1 here we come)...this level will probably indicate that.<BR/><BR/>Side note: This blog and the comments by posters is really helpful for people like me who are newer (especially seeing how you guys assess the wider perspectives)!crappyhttp://www.blogger.com/profile/17601884181311375715noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-66297524714641008462008-11-13T12:56:00.000-05:002008-11-13T12:56:00.000-05:00Yep<BR/><BR/>Now they are taking out the stops one by one<BR/><BR/>Once that is over, the question will be do the bulls make a stand or just get rolled over. If so, down we will go.<BR/><BR/>The problem is most of this is so obvious it has me doubting it :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-10453218820916878762008-11-13T12:51:00.000-05:002008-11-13T12:51:00.000-05:00That didnt last very long... I think next support lies at around 770...aaronpalanghttp://www.blogger.com/profile/02902362323725298633noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-37028562223595092942008-11-13T12:50:00.000-05:002008-11-13T12:50:00.000-05:00834 now.Shenghttp://www.blogger.com/profile/01519985991268471033noreply@blogger.com