Archive for the ‘S&P 500’ Category
Wednesday, March 12th, 2008
I made the best (relatively speaking) of a bad situation. I disobeyed my slow stochastics indicators on Monday when they were all indicating that I should have gotten out of the short-term puts I was in. Plus, we were in the third day of a three day down leg. I ...
Posted in S&P 500, puts, stochastics | No Comments »
Tuesday, March 11th, 2008
1360ish on the S&P would be the top of the fairly recent descending trendline. Fed day is coming up next week. 0.835 to 0.840 on the NZDCHF should also indicate a top to this bear market rally
I will be looking to get short again at those points.
A graph from 2sweeties.
Posted in S&P 500 | No Comments »
Tuesday, March 11th, 2008
The DJIA's 400+ move to the upside today confirmed my worst fear in that a Fed intervention could rob those of us who are short in this market. Basically, Bernake dropped a $200 billion gift on the market this morning and caused widespread pain amongst the bears (me being one ...
Posted in S&P 500, bailout, puts | 1 Comment »
Monday, March 3rd, 2008
The 1320 mark continues to serve as a pseudo floor for the $SPX. Intraday today, it hit 1320.04 and bounced right back up off of it. Very frustrating. Should this floor continue to hold, we should probably see a rally back up to the 1385 level on ...
Posted in S&P 500, channels | No Comments »