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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (1335)7/10/2008 3:46:19 PM
From: skinowski  Respond to of 3209
 
Interesting.... I don't have charts here, but looking at unmentionable Yahoo wiggles it does look as if SPX keeps trying to erode support over the past few days. If I were to play it, I'd enter it through the underlying, with little or no leverage, and with reasonably tight stops. Percentage losses on options can be no fun. An ES play may be not a bad choice, if you're in a mood to put some of your *old* skills to use....



To: AllansAlias who wrote (1335)7/10/2008 5:47:35 PM
From: Box-By-The-Riviera™  Respond to of 3209
 
these intra day ups are alleviating the condition short term.... but will intensify the direction downward each time it resumes. last two weeks are a case in point.


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