Comments on: Intraday Commentary ~ 10/28/2009 http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/ The Focal Point for All Traders Thu, 02 Sep 2010 21:42:15 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ed http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91540 Ed Thu, 29 Oct 2009 04:19:46 +0000 http://www.stocktock.com/?p=18592#comment-91540 another prediction. See? another prediction. See?

]]> By: Ed http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91539 Ed Thu, 29 Oct 2009 04:16:14 +0000 http://www.stocktock.com/?p=18592#comment-91539 Ox, not thinking at all that you were 'calling me out'. As far as 'violating the line since March',,,,well, you only need TWO points to make a line. Today and March could be those points. We DID make a new 'point' today, lol. There are in fact 8 or more previous 'points' where one could draw a line from the March Low and get a Trend line. It is all about Fibonacci and the last Trend, and the violation of the 61.8% lines of that particular Trend. When we violate that, we redraw from larger Trends. If 1032 on the /ES, the Bulls are in trouble. That would violate the next 61.8% trend, from Sept 4 to recent H. /es...now at 1040. Ox, not thinking at all that you were ‘calling me out’.

As far as ‘violating the line since March’,,,,well, you only need TWO points to make a line. Today and March could be those points. We DID make a new ‘point’ today, lol.

There are in fact 8 or more previous ‘points’ where one could draw a line from the March Low and get a Trend line. It is all about Fibonacci and the last Trend, and the violation of the 61.8% lines of that particular Trend. When we violate that, we redraw from larger Trends.
If 1032 on the /ES, the Bulls are in trouble. That would violate the next 61.8% trend, from Sept 4 to recent H.

/es…now at 1040.

]]> By: OxTrader http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91538 OxTrader Thu, 29 Oct 2009 03:34:07 +0000 http://www.stocktock.com/?p=18592#comment-91538 P.S. I know my lines aren't perfect but they work for me and these not so nimble fingers lol. P.S. I know my lines aren’t perfect but they work for me and these not so nimble fingers lol.

]]> By: OxTrader http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91537 OxTrader Thu, 29 Oct 2009 03:32:31 +0000 http://www.stocktock.com/?p=18592#comment-91537 This is what I see: http://i399.photobucket.com/albums/pp80/cnest/SPX102809.gif This is what I see:
http://i399.photobucket.com/albums/pp80/cnest/SPX102809.gif

]]> By: shady http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91536 shady Thu, 29 Oct 2009 03:31:39 +0000 http://www.stocktock.com/?p=18592#comment-91536 It will not go past 1072.your thinking it will It will not go past 1072.your thinking it will

]]> By: OxTrader http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91535 OxTrader Thu, 29 Oct 2009 03:21:50 +0000 http://www.stocktock.com/?p=18592#comment-91535 On a weekly chart 395 lines up very well with the 8ema. It is hard to short something that keeps finding support on the 8ema, unless of course you try to short it to that area. Once that is give up, there is some downside left without nearly as much risk Chris. On a weekly chart 395 lines up very well with the 8ema. It is hard to short something that keeps finding support on the 8ema, unless of course you try to short it to that area. Once that is give up, there is some downside left without nearly as much risk Chris.

]]> By: Ed http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91533 Ed Thu, 29 Oct 2009 03:18:06 +0000 http://www.stocktock.com/?p=18592#comment-91533 what makes you think 'the best you can hope for is 1072"?? I think THAT is nonsense!! If Price goes past that 50% at 1072, then the 61% 'failure' at 1079-80 will negate this last 'short'. And Longs are 'valid' again. I can see a lot of folks don't know how to accurately use the Fibonacci tool. I showed you that eminiaddict.com teaches it. He's changed my trading from 'not knowing how' to 'knowing how'. No one "knows' where the Top is. Lots of folks think they do, tho. I say nobody knows. 95% of people on Stocktock are 'hung up' on PREDICTIONS. what makes you think ‘the best you can hope for is 1072″?? I think THAT is nonsense!!

If Price goes past that 50% at 1072, then the 61% ‘failure’ at 1079-80 will negate this last ’short’. And Longs are ‘valid’ again.

I can see a lot of folks don’t know how to accurately use the Fibonacci tool. I showed you that eminiaddict.com teaches it. He’s changed my trading from ‘not knowing how’ to ‘knowing how’.
No one “knows’ where the Top is. Lots of folks think they do, tho. I say nobody knows.
95% of people on Stocktock are ‘hung up’ on PREDICTIONS.

]]> By: OxTrader http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91532 OxTrader Thu, 29 Oct 2009 03:16:10 +0000 http://www.stocktock.com/?p=18592#comment-91532 Sorry Ed, I think you misunderstood my point. All I was noting was "the line" was violated, nothing to do with the fibs. I actually bought SPY 107 calls near the close. My ultimate downside target was the Oct 5th gap fill, it was also near what I believe was the bottom of a descending wedge I have drawn on multiple time frames. I have the same uptrend line as Woo does on my daily chart, which is another reason I took the gamble I did. I closed out all my short positions that were remaining today at 104.60 on the SPY. That was my punch green tickets number. I am personally still looking for 1108-1117 on the SPX. I do however think the Q's have been cooked and made out great with 43 puts I bought back on the 26th. Bought em at .75 and sold em at 2.00 today. Could be some more downside left in them, but rather reload after a bounce. Sorry if you thought I was calling you out in some way. I am not that kind of guy :) Happy Trading, Ox Sorry Ed, I think you misunderstood my point. All I was noting was “the line” was violated, nothing to do with the fibs. I actually bought SPY 107 calls near the close. My ultimate downside target was the Oct 5th gap fill, it was also near what I believe was the bottom of a descending wedge I have drawn on multiple time frames. I have the same uptrend line as Woo does on my daily chart, which is another reason I took the gamble I did. I closed out all my short positions that were remaining today at 104.60 on the SPY. That was my punch green tickets number. I am personally still looking for 1108-1117 on the SPX. I do however think the Q’s have been cooked and made out great with 43 puts I bought back on the 26th. Bought em at .75 and sold em at 2.00 today. Could be some more downside left in them, but rather reload after a bounce. Sorry if you thought I was calling you out in some way. I am not that kind of guy :)

Happy Trading,
Ox

]]> By: Ed http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91531 Ed Thu, 29 Oct 2009 03:11:05 +0000 http://www.stocktock.com/?p=18592#comment-91531 should be "the last 3 times"... should be “the last 3 times”…

]]> By: shady http://www.focalequity.com/2009/10/28/intraday-commentary-10282009/comment-page-2/#comment-91530 shady Thu, 29 Oct 2009 03:10:36 +0000 http://www.stocktock.com/?p=18592#comment-91530 Thats a teaser allright,1120 maybe 2010 Thats a teaser allright,1120 maybe 2010

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