Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (21444)	4/20/1999 8:49:00 AM
From: SE	Read Replies (3) of 44573

GZ and OJ, I think 1300 SPOO will hold this decline. Of course I have the open to help support my position. Here is what I see in terms of support levels. I really think this level should hold. If not 1280 SPX should hold. If that doesn't, then it is all the way down to 1230 SPX probably. Not in one day, but after yesterday I guess anything is possible. Potential buy points in SPOO numbers are 1300, (the middle tine that was pierced yesterday, but held on the close) 1291 (the lower tine of the current fork ... which assumes yesterday was the bottom) and 1286 the FIB retracement line from the middle tine that was pierced yesterday. After that I have to go searching the numbers get pretty low. Reminds me of a few days ago....lots of forks underneath, nothing above until you really reach. Here there will be lots of forks above, but the lower forks are a lot lower. OJ, I think we just hold for now. If we hit 1293.50 let's add two more and see if 1280 SPX holds, which would be about 1288/1289 SPOO. Otherwise let's ride this up and add a couple on a nice dip somewhere. -Scott

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next