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PayTheLimit replied Nov 30, 2010Well if, or when we take out 3000, I'm looking at 2960/2983 as support.
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PayTheLimit replied Nov 30, 2010I'm sure the bears want 3000, it's not going to be a walk in the park, but that just a guess. Then 2700 I agree brother.
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PayTheLimit replied Nov 30, 2010Well the hourly closed, watching 3036 now, aside from 3080/85 the previous support, I'll be keeping a close eye on 3118, the open of that last large bear candle...
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PayTheLimit replied Nov 30, 2010I'd be a lying if I said I didnt enjoy it....some trades feel so good the second you put them on...
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PayTheLimit replied Nov 30, 2010Yes I think that you are right in your assesment. I am looking for less trades, less heat, and larger lots. When we get some time we should sit down and chat. I would be interested to hear your thoughts. Cheers PTL.
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PayTheLimit replied Nov 30, 2010I think the delay is based on two points. First the signals are on the 15min. Second, I am waiting for momentum to build in the other direction. We will have to discuss it further.
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PayTheLimit replied Nov 30, 2010I think I'll look for a short play after that rejection of 3136 on the next 15min close...
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PayTheLimit replied Nov 30, 2010mostly just trading inside the shadows of those two large bear candles, bears in control under 3137/3154. Good support 3080. I'm on the sideliness for now. Favor shorts...
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PayTheLimit replied Nov 30, 2010What up K, I'm watching 3136 on the hourly and 3146 on the 15min, 3080/85 triggers more selling, but its not going to be easy down there. Good luck pal...
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PayTheLimit replied Nov 30, 2010yea, I hear you pal, dont know what to make of it early, looks rather sloppy...good luck to ya hatch man...
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PayTheLimit replied Nov 29, 20103080 key level on hourly as well as 15min for me...I'm sure there will be barrier protection of 3050. As for 3000, I dont know if it going to be like the action at 4000, but I'd be shocked if we just waltz though there....good luck PTL
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PayTheLimit replied Nov 29, 2010bulls would not mind getting a close above there on the hourly either....
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PayTheLimit replied Nov 29, 2010I still favor a new low as long as we stay under 3110/17, I think 3080 is the trigger, maybe down to 3050 to knock some barriers out....
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