SI
SI
discoversearch

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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (78499)1/13/2008 3:38:46 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Yep, we must close above 1416.50 on Monday or maybe even Tuesday... but if we slide lower within the next day or so, then the pattern becomes completely null and void... because of the fact that a completed wiggle pattern is so rare and so reliable when it occurs, it's a reasonable bet that we'll more likely see lower prices ahead... but, the set up for that pattern is now present and worth watching and mentioning right here... meanwhile, I'm still short the futures with a load of written puts...<g>

GZ



To: Real Man who wrote (78499)1/14/2008 8:28:24 AM
From: GROUND ZERO™  Respond to of 94695
 
I'm now long the March and covered all my short positions at 1414.00, I still have my written Puts, which I plan to keep... a close today above 1416.50 is a clear buy signal, but with a close today below 1416.50 then all shorts will be reinstated...<g>

GZ