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  1. #251
    Legend peat's Avatar
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    I'm adding shorts at these levels.... I had orders in y'day at 1107.5 because I saw a gartley would have happend at this point and then it seemed they had no hope of being triggered.... but as they say 'let the market come to you'
    For clarity, nothing I say is advice....

  2. #252
    Senior Member ananda77's Avatar
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    ...thanks to the HFA-event last Thursday, the near term tone in the markets has turned more friendly towards bullish sentiment and the market seems capable of edging higher next week targeting Jan 21 Congestion *1123 (+), possibly the Jan 20 Low *1129 (+); according to sources, a flatlining market with a slight down bias could be the order for trading into Tuesday before the expected break-out;

    ...caution: a sharp move down that takes out *1092 would turn the market near term bearish again, while up-targets are confirmed with a Close above the 50-day MA; also stay ALERT for a possible duoble top just when the market has been lulled into bullish complacency again...

    Kind Regards
    Last edited by ananda77; 01-03-2010 at 11:10 AM.

  3. #253
    Senior Member ananda77's Avatar
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    www.lincolnfx.com: -data point 01 March 2010


    www.invetrics.com:- data point 01 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 01 March 2009-

    cash -data point 22 January 2010-

    Trader Update -data point 01 March 2010:

    ...the SPX traded past the Feb 22 High *1112 crawling slowly higher and has come within striking distance to expected targets, the Jan 21 Congestion *1123/Jan 20 Low *1129 and at the moment consolidating the *1115 point before a possible finish near the *1120 mark;

    ...the strength of the advance and extremely light flows disappoint and point to a market in the process of developing a major top with the 200-day MA *1033 an initial target later in March

    Long Term: THE BEAR

    Kind Regards
    Last edited by ananda77; 02-03-2010 at 07:44 AM.

  4. #254
    Senior Member ananda77's Avatar
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    www.lincolnfx.com: -data point 02 March 2010


    www.invetrics.com:- data point 02 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 02 March 2009-

    up-condition with 5% up-target to next resistance -data point 02 March 2010-

    Trader Update -data point 02 March 2010:

    ...the SPX continous higher with an intraday High *1123 in the Jan 21 Congestion and a Close above *1120 to day would set a constructive tone for more advancement to reach Jan 20 Low *1129 (+); however, the strength of the advance and extremely light flows disappoint and point to a market in the process of developing a major top with the 200-day MA *1033 an initial target later in March;

    ...furthermore, there is a huge call- option bet out on the SP 500 to close above the *1090 mark at March option expiration, which sounds like a low-risk recipie to take a short position around current levels...

    Long Term: THE BEAR

    Kind Regards

  5. #255
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  6. #256
    Senior Member ananda77's Avatar
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    www.lincolnfx.com: -data point 03 March 2010


    www.invetrics.com:- data point 03 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 03 March 2009-

    ...up-condition with 5% up-target to next resistance -data point 02 March 2010-

    Trader Update -data point 03 March 2010:

    ...today's SPX 500 traded higher intraday *1126 past the Jan 21 Congestion *1123 and the Institutional Index Core Holdings signals a likely up-coming test of primary support around the *1130 level; short positions around current levels likely to be profitable by option expiry 19 March 2010


    Long Term: THE BEAR

    Kind Regards

  7. #257
    Senior Member ananda77's Avatar
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    Advancing FX-Trading >>> www.lincolnfx.com: -data point 04 March 2010


    www.invetrics.com:- data point 04 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 04 March 2009-

    ...up-condition with 5% up-target to next resistance -data point 02 March 2010-

    Trader Update -data point 04 March 2010:

    ...the SPX 500 struggling to continue trading positive with up-momentum even more critical than throughout the current advance, but the slow and steady uptrend remains intact for now; consequently, further gains towards the *1130 level within the next two days are within reach as long as the short term support *1116 is not taken out

    ...trading below *1116 will rapidly increase the potential of the up-bias reversing with the Feb 25 Low *1086 as the confirming negative pivot point for further accelaerated losses towards the 200-day MA *1035 (+)

    ...as a short term risk trade, short positions around current levels likely to be profitable by option expiry 19 March 2010 with a 300 m call bet on the SPX 500 Cash to trade above the *1090 level by end of March 2010

    Long Term: THE BEAR

    Kind Regards
    Last edited by ananda77; 05-03-2010 at 07:35 AM.

  8. #258
    Senior Member ananda77's Avatar
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    Advancing FX-Trading >>> www.lincolnfx.com: -data point 05 March 2010


    www.invetrics.com:- data point 05 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 05 March 2009-

    ...up-condition with 5% up-target to next resistance -data point 02 March 2010-

    Trader Update -data point 05 March 2010:

    ...the SPX 500 surged higher into the *1130 level taking out the Jan 20 Low *1129 resistance with ease following the jobs data; despite low volume, further gains are likely and the market is in for a challenge of the Jan 21 High *1142 with scope to reach the Jan 11 Peak *1151; as a matter of fact, a new recovery High *1190 could be on the menue

    ...a drop below March 3 Low *1116 would indicate bearish sentiment returning

    ...as a short term risk trade, short positions around current levels likely to be profitable by option expiry 19 March 2010 with a 300 m call bet on the SPX 500 Cash to trade above the *1090 level by end of March 2010

    Long Term: THE BEAR

    Kind Regards

  9. #259
    Senior Member ananda77's Avatar
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    Advancing FX-Trading >>> www.lincolnfx.com: -data point 08 March 2010


    www.invetrics.com:- data point 08 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 08 March 2009-

    ...up-condition -data point 02 March 2010-

    Trader Update -data point 08 March 2010:

    ...the SPX 500 opened slightly firmer with a session High *1141 but trading is sluggish around this level leaving room for a mild correction to affirm the Mar 5 Low *1123 early in the week; based on the bullish sentiment dominating the current markets, another leg higher would target the Jan 11 Peak *1151 or possibly Oct-Jan trendline resistance *1178 following the correction from currently overbought levels
    ...a drop below March 3 Low *1116 would indicate bearish sentiment returning

    Long Term: THE BEAR

    Kind Regards
    Last edited by ananda77; 09-03-2010 at 06:25 AM.

  10. #260
    Senior Member ananda77's Avatar
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    Advancing FX-Trading >>> www.lincolnfx.com: -data point 09 March 2010


    www.invetrics.com:- data point 09 March 2010

    (may adjust at market Open)

    www.stocktiming.com: -data point 09 March 2009-

    ...up-condition -data point 02 March 2010-

    Trader Update -data point 09 March 2010:

    ...the SPX 500 respected the daily support level *1133 pre-open and traded higher to *1145 so far, again at the lowest volume levels for the current advance; up-tick momentum remains sluggish at extremely near term overbought levels and market breadth features just positive
    ...as a result, it is unlikely that the market has enough strength near term to surge to new highs in any suatainable way without working off thses extreme levels in a corrective shake-out that would see the Mar 3 High *1125 or March 3 Low *1117 affirmed
    ...following a successful defense in these levels, the target following the Jan 11 Peak *1151 would be the yearly trendline resistance currently *1172 with potential to reach out to a yearly upper channel resistance *1246
    ...a drop below March 3 Low *1116 would indicate bearish sentiment returning

    Long Term: THE BEAR

    Kind Regards

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