US Indices Intra-day Trading for August 2003

[SUNSEEKER]

choppy allright.......i am looking for a sell-off in the final hour...we will see, 985 up and 978 down

 

[Ghost Dog]

That's a chunky gap at 982. Are they likely to take that out and then send it down?

 

[SUNSEEKER]

be careful shorting, as the path may inverse from here...USE STOPS

 

[JE2000]

nice pick up and see my you must use stops

 

[JE2000]

hope no one got their fingers burned

 

[Ghost Dog]

This one did on ADVFN:

'shemara - 12 Aug'03 - 19:53 - 26518 of 26520
this is a bit of a shok hope it changes'

Hope he's got the sense to get out eventually.

 

[frugi]

SPX hit 61.8% retracement from 1005 and 50% from 1015 (down to 960) on 60 min chart at roughly 988. Good place to pause/sell...?

 

[SUNSEEKER]

we took out the 618

 

[SUNSEEKER]

I am slightly short, will call it a day here, long day..good night

 

[oatman]

"In the last half hour, the trend is your friend"

Good night

 

[Bigbusiness]

12.8.03

This will be my last overlay chart as I need to spend more time away from this computer .

 

[2468steve]

What a shite nite,got hammered in last half hour on Nas.Got a touch of frozen finger......will I never learn!!
Oh well,2rows another day.

 

[SUNSEEKER]

I know a lot of are going to think " ah, yeah, easy to say in hindsight" But I really did have an inversion after 7:30 and warned here as well. This morning, i had to make a choice as there were two scenarious...I chose poorly....looks like the bulls are back in the front position

 

[2468steve]

Sun,
at the end of the day people are responsible for their own trades,from which they win or lose......and just have to dust themselves off and start again.
I,and others on this board appreciate your b*lls and effort.If we were right all the time we'd all be posting from a beach in the Caymens!

 

[rglenn]

You bet we are Tom and I think you owe me a Tenner!!

 

[SUNSEEKER]

rglen, VERY good call RESPECT

 

[rglenn]

Good morning Tom

As you are a gambling man do you want to go for double or quits.

I think the Dow will be on a upward trend again today!

What says ye!

 

[SUNSEEKER]

nah Robert, that is not good odds

I am sticking to up, but if 985 falls, then all bets are off. I would like to point out to you though that VERY often the day after FOMC is DOWN....and I will short on the first sign of weakness.

 

[welshwarrior]

Hi All,

I have been using a combination of Sun's turns and ChartMan's notes on 100EMA breaks - it's a killer combo - yesterday was a prime example.

thanks for the vote by the way - my mother will be so proud.

WW

 

[SUNSEEKER]

Hmm Chartman, maybe we are heading into business together...thx for that Welshwarrior