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Strategies & Market Trends : TA setups-ex th traders

DIA 466.32

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Nov 17 4:00 PM EST

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To: robb3267 who wrote (5800)	2/5/2005 1:27:11 PM
From: cthruu	Read Replies (1) of 7682

Yup! Nice charts. The direction became clear yesterday when there was a spike in Tick and markets acclereted mid-day. Yesterday I wanted to flip the SP and NDX shorts when they stopped out - NDX at 1519 and SP at 1192. Unfortunately my broker at Lind-Waldock talked me out of it. He came up with some 50% retracement level at 1199 which I do not see on the chart. Now, if the NDX gaps on Monday it will put in a true island reversal. I will physically travel to Chicago and take care of him. ;-/ ttrader.com\'s%20charts&id=879&d=2 Update of SP: I believe the target is around 1230. ttrader.com\'s%20charts&id=879&d=2 The SPY straddles are in profit. I had covered the short 118 puts too soon; plan to roll them. I should ask the broker to visit our board often. May be he will learn something. (ggg)

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