so where are we today

[#1]

we had a nice gap play...almost perfect...no actually it was perfect to the last point...we have retraced to the 61.8%level...in fact we have penetrated it which means I have to be bullish for the rest of the day...

[#2]

let me rephrase that we have retraced 61.8% of the sell of intradday sell off we had

[john_1]

Chartist, Do you look for a close above the 68%,or does just penetration count.

[john_1]

Still Bullish?

[#5]

yes...when you asked this I was ...I think I know why you ask this....tut tut....John you gotta have patience....

[scandal]

Chartist you going long tomorrow?

[#7]

nope.....short if anything

[scandal]

alsi or specific shares?

[#9]

alsi...we have a gap about 1000 pts down....which looks like it needs filling ....broke my rule and went short at the close today....

[scandal]

mhhh was thinking about a short position but I wonder. ohh well we will see at market open.

[#11]

I couldnt resist selling to John as he was scramblimg to get out of his shorts...man it wasnt pretty....we put on 150 pts in 30 min....

[scandal]

by the way what happened to your online posts? looked for the page but says not available. Can you repost a link. think it would make sense to wait for selling to ease at open an buy some retailers before the int rate announcement (speculating on rates not changing) how many longs you think there are overnight counting on rates not changing?

[DCTrader]

Here's one ;) Just look at JDG today as proof...

[#14]

the rates not changing is all in that very last trade of the day at 29094...

[john_1]

Tut tut Chartist. I may have been selling but it was only to exit my very profitable longs, The only shorts I had were during the closing Gap.