Market Open About 1301
August 12, 2008 9:32 AM
I believe the high will “likely” be reached early on today. I doubt we will clear 1305 or so to the upside here, we will see.
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Already spiked down to 1299. It seems a bit early to short this thing, but i believe the high may have already been reached, but not certain yet…
It needs to hold 1297.75 here as i see things…
Just going to have to wait a bit longer here…
It bounced because of 1297.75 i believe….this is going to take a bit of time unless we push through it
im short 1297.75 (paper)
hmmm reversed….I am not wrong as i see things unless we clear 1301 and soon…
hmmmm strength here “should be nonsense…but we have short term chart reversal off the low….skeptical it can last..
This is where “if real money” you need balls of steel as I “should be correct here…longer term
Come on stop this nonsense….we need to push through the low to get the short term and “support” players to give up
come on get down there…
Need to get below 1298.25 to break this trend get some heat
Man, the short term players just wont give up on this low
Ugh this is complete nonsense…
If we clear 1301.75, I am in trouble, short term, obviously, but this move is nonsense and not supported…
Come on give it up…you are wrong…why waste time here…
oil is down, giving the longs hope is what appears to be going on….
come on….take it out…
this is such bullcrap…take it out…
Thank you….ha
I covered at 1295.50…NOt because i believe it is the low…but it may bounce again….
Watch it plunge now…ha
Of course, 1294.25…ha
Considering i believe we “may” have already seen todays high….covering was stupid, most likely…I was just hoping for a bounce
We may reverse here….but we have to clear 1301.75 to change today, as i seee things..
i still believe we have seen todays high…if you recall, i said we would most likely see todays high early…. but there is plenty of what i call “free space” for a move higher here…
The next trade is likely to be a while from now as i see things….this is when you turn the pc off and take a nap, lol
The low is fairly important it should try and hold, near term BUt again we HAVE to clear 1301.75 to change the days outcome, IMO
I should have scalped a half long there…. ohhh well
i knew I should have went long, traders were going to defend this low, for now
Today is why I may have to drink in the morning to trade…ha.
I was going to cover if we cleared 1301.75. While the move would have made zero sense, on any level, the market can make moves that are not supported and short covering can pile on…it hit 1301.75 several times…and I had my finger on the button…it didnt clear and down she went…. If real money you HAVE to have extreme discipline with the SP…you have to know when you are wrong….even if it makes no sense… short covering can lead to huge moves that are nonsensical. They wont last, long term, but you have to cover if that happens…
The longer we trade sideways here, it tells me we are likely to push lower - eventually..
i went long, i think we will make a run at 1300
I took a point….no reason to “invest” here…
That is where you have to ignore everything….I saw the low was important you have to be long against it…i was…it sold down and i covered as i saw a trend break…ughhhhh…trends are like rock paper scissors…. Lows cover paper and crush scissors, lol
This is a battle between 1294.25 and 1301.75….yawn
If we do clear 1301.75 we change the trends for the day i believe…
if we clear 1301.75 i believe we will go to at least 1303.50, possibly higher…
Here we go…1301
1301.50…backed off…
Hmmm….why didnt i short 1301.50? what a moron…anyhow….it appears shorts may panic a bit if we get over 1301.75…but it depends when it happens…
oil is getting crushed…lifting the markets…patience here…
someone nudge me if we clear 1301.75 to hit the long button… i may be sleeping…
i do not believe we will clear the low here…
Hmmm. if we clear 1301.75 we may test yesterdays high…im not sure
1298.50 appears important here…short term
i think we are going to take out the high…but i shouldnt “guess”….
im long 1299.50…
this is where i mess up…there is no reason to be short OR long here….we have to either clear the high or the low…period… everything else is noise…
see…what a knucklehead….forget what you believe… and have patience…
i will be lucky to get out of this nonsense trade….I lose my patience….
I flattened, that was complete stupidity….patienceeeeeeeeeeeeeeeeee geez
Has the paint dried yet? Man….
Ok, we might finally start moving here…amazing…
I mentioned long ago that this was a battle between 1294.25 and 1301.75 BUT I didnt expect it to last for hours…lol amazing boredom
It looks like if we can get back above 1298 we may challenge the high…but this is amazing how it refuses to move
If the market was like this every day, people would be better off to decide at the open…ok…down 75…everyone go home…this is some serious bs
what in the world is the point of this… 3 hours and not move?
hit 1294.25 on the nose and bounced…
wow, bounce is an understatement…. 1297 in about 10 seconds…
1298 still seems to be key here…
1298.25…i think we are going up into the close…
If we clear the high, shorts should cover big time
I believe that was confirmation that was todays low…I just dont know if we can get over the high here…
we have to clear 1299 to maybe challenge the high, as i see things…
hmmmmm we better hold the low or i have no idea what will happen….
the charts appear to be set up for a sizable move into the close…
I havent seen anything like this in a longggg time…
low cleared…amazing…i got demolished
If i would ONLY take things were i am certain I wouldnt lose…what a retard, lol
amyhow, we need to hold here… 1290.75 is important, as i see things…
Hit 1290.75 on the nose…never mind, cleared….this doesnt look good…
this low is a nonsensical “support bounce….why people trade that crap is beyond me
Well, I made more bad trades today than seems possible….I lost my patience….when it wouldnt move….live and learn