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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (135769)	8/17/2006 10:17:35 AM
From: steve from ihub	Respond to of 209892

its just the old highs on the spx which is where i felt it would get to on this move up. it could go higher or it may not even get there for that matter. i have been planning to short the techs or emerging markets from this peak. stop: i do not see the ndx getting past the june high of 1627 so if i took an entry in the 1600-1625 range, then that would be my stop on a close above as i am an eod only trader. setup: i have the ndx on its way to completing a three wave up after the five waver down from may highs. i would then look to take the short in the 1600/25 area so that i would profit on the second impulse down (next 5 waver) so thats what im thinking. good luck on those puts and all other trades. steve