ALSI FUTURES FAILED GAP CLOSURE

[Mar-11]

260 out of short...250..long

[#2]

Why?

[Rams]

the sudden drop or final push was a drop in SP500 thtat started at around 14HOO and still falling - looks like bottom now near

[Mar-11]

arrogance...self sabatarge...

[Mar-11]

200 cld be LOD... break and close around there could be me out....see the situation at 120...(for now still long)

[Mar-11]

no but really....we have reached my longer term short target and am thus expecting upside....see post above....250 major support (thought) + 61.8 % fib retrace....seems was just maybe premature..

[Rams]

Christos, whats your take on the SP500, after the sharp drop, now back up , 15min chart and 1 hour looks bullish again.

[#8]

I dont now.Neutral for the moment.Closed my 1 short just before the spike up thanks to Mark.Lost a bit on the other as i closed it in the spike up but stil 260 points up.I still think short is in.The sp500 moving in channel down(1hr).My view still as posted this morning but will stay neutral and wait.

[#9]

Rams go look at a 1 hr chart of the sp500.Mark yesterdays low with a W.I think we are working on the X wave presently,the c wave of X.The SP500 still going up to about 1317+-,Then down in Y.I will consider a short again if i get a candle in that area.In the mean time neutral.

[Rams]

Good call for now-stopped out of long at 29260 but took profits on in contract and breakeven on second. Did not seem too convicing-so only 2 contracts.

[Mar-11]

310 is 2 50 % fib ret...so always going to be problematic.....if u draw tren line from yesterday low to todays low .... bang...rising trend line just test again 208..@ 15:45...,,,

[Rams]

OK CHRISTOS,I See the X wave on 1 hour and I think the 15HOO candle just made the c of the X on the high of that candle to confirm the pattern but a higher target there to 17 as you projected.ALSI just followed- So good strategy, for a posible second short.

[GrantRB]

there she runs UP UP UP and away

[Mar-11]

falling resistance line at 370....but above 61.8 % @ 330.....

[Rams]

yes, and confirmed by CHRISTOS double correction pattern on SP500. A red candle before ALSI close and the short is on with a tight stop.

[Mar-11]

if no bounce off 216/213..bears will have there way...

[Rams]

SP500, now on a of Y, maybe a small bounce to b before testing that level around 218/200 again. Christos was just 0.55 of the target of SP high-good projection.

[Mar-11]

that bounce beleive or not was not me....

[Rams]

Well, 260-who knows. Anyway guys, I am not waiting for the close.. Thanks for a good day and thanks to Mr Market also.Monday an upday if SP500 does not do triple correction. Away for a week on a cruise-hope Mr market treats you guys well-oh a red candle on SP500

[#20]

New target for wave 4c down 27800 with tolerance +-50 points.