1400 this week ?

This is a discussion on 1400 this week ? within the Indices forums, part of the Trading Choices category; will the ESU2 hit 1400 this week ? I have a Reversal Short pencilled in at exactly that level, so ...

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Old Jul 30, 2012, 1:56am   #1
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Default 1400 this week ?
will the ESU2 hit 1400 this week ?

I have a Reversal Short pencilled in at exactly that level,
so let's see if we can get a false breakout a few sniffs above it
and then blam ! back down to Earth......
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Old Aug 12, 2012, 2:24am   #2
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Default Re: 1400 this week ?
Looks like we're well back in that territory again. I reckon we may head for 1430 on the S&P and 13380 on the DJIA before we're back into reversal territory. The VIX closed at 15 on Friday suggesting the reversal is nearing.
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Old Aug 12, 2012, 2:33am   #3
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Default Re: 1400 this week ?
I'm thinking 1420+
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Old Aug 12, 2012, 3:06am   #4
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Default Re: 1400 this week ?
Also worth keeping an eye on whether USDCAD confirms it has carved out a bottom.
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Old Aug 13, 2012, 3:40am   #5
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Default Re: 1400 this week ?
rathcoole_exile started this thread i've rarely seen new Weekly Pivots so close together.

last week's trading range was so tight, it looks like we're set for an explosive week now ?

of course, the perennial question is - which direction ?
:-)
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Old Aug 15, 2012, 5:59pm   #6
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Default Re: 1400 this week ?
Quote:
Originally Posted by rathcoole_exile View Post
i've rarely seen new Weekly Pivots so close together.

last week's trading range was so tight, it looks like we're set for an explosive week now ?

of course, the perennial question is - which direction ?
:-)
well i'll stick my neck out and go with more upside
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Old Aug 17, 2012, 2:42am   #7
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Default Re: 1400 this week ?
Based on my read of the Dax weekly chart, once the correction does begin I'm targeting around 6500, though I'd assume that move to take 2-3 weeks to fully play out.
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Old Aug 23, 2012, 6:26am   #8
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Default Re: 1400 this week ?
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Originally Posted by troyresearch View Post
Based on my read of the Dax weekly chart, once the correction does begin I'm targeting around 6500, though I'd assume that move to take 2-3 weeks to fully play out.
Big talk... what do think is going to happen that will trigger the destruction of 7 trillion dollars worth of current perceived value if you don't mind my asking?
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