down we go again

[RDB]

nice going to the overnight bears, suppose should have listened to the above 22,700 close

[Brazen]

Well, well, well R baby, don't know bout you, but I'm not as unhappy to be long this morning as I was when you posted this last night.

[#3]

Yo B. Just a quick question what indicators did you use to tell you to go long yesterday? Am pretty surer you going to be correct. Just on my side I can see any reason why you would have gone long yesterday?

[RDB]

hi B, yes me to very happy - DOW was tanking at time of posting and I was looking for a bounce off 11,980 odd and close above 12,100 and what do you know it happened

[Brazen]

Hi OZone. I was short yesterday morning with a target of 22700 (support) on the Topi, when that hit yesterday I sold my short. Then when it looked like it was going to close above 22700 (now resistance) I went long. It came down in closing to below that level but I have to make my decision at about 4.30 cos I can't trade after 4.45. Bottom line, yesterday was going to be a short below 22700 at 4.30 or a long above that level.

[#6]

Jes to add: indicators can be misleading - I stick to price action alone & take my lead from trend lines. If the topi bounces here, it is making a higher low (trend drawn from June 06 & another from September 06) Next target is 232 000 - Monday's close. If closes higher than that, then we have a higher high too. B'sides, I find looking at oscillators brings on flashbacks..

[#7]

Thanks Guys...

[#8]

Out. Taking our pennies an lookin fer a new target.

[RDB]

was also looking at exit last few minutes, but we should have fibs support around 23,060 and upside target of 23,358

[RDB]

seems from 5 min chart downside more possible in short term than 23,358

[RDB]

stops moved to 22,980

[Brazen]

Yip, that 23200 level will be the one to watch today. Anyway, time for a little bacon & eggs after a nice start to the morning.

[RDB]

enjoy B, we will keep the bull going

[RDB]

down to my 23,060 target, per 1 and 5 min charts bit more downside possible, will keep and eye for possible entry

[Brazen]

Long? Bull not looking very convincing today. If it still looks this way at 4.30 I'd be thinking short overnight?

[RDB]

nice bounce off my 23,060 level, didn't enter another long as I was busy with a client and missed it - range seems tight for the moment as well

[RDB]

now looking at possible triple top and maybe take profit

[Brazen]

Cr@p. Wish I still had my long.

[Brazen]

Still have that 23200. Does close out start at 12?

[RDB]

yes 12 to 13:40 as far as I know