S&P 500 & other indexes - intraday. Plus chat

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Bought in at 1362.5

 

[hwsteele]

re: S&P 500 & other indexes - intraday. Plus chat

No fair spread betting...we can't do that over here!

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Bought in at 1362.5

And why ?
well the bounce is well above the support line indicating strength. But gotta watch it closely and grab any profits quickly.

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

And why ?
well the bounce is well above the support line indicating strength. But gotta watch it closely and grab any profits quickly.

Out for a small profit
The gurus are talking about a drop to 1340. We shall see.

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Paulson's drop of 9% is indicative imho

He holds gold mainly. Lost 51% last year, on one of his funds.

He made billions on gold betting against the sub prime c*ck-up.

 

[Mike Kshemaraja]

re: S&P 500 & other indexes - intraday. Plus chat

Pat

Nice thread, I only trade the eurusd intraday, but I am following.

Mike

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

sold @ 1365.9

maybe a bit early !

and going against the trend. Been punished for this before !

 

[piggybridges]

re: S&P 500 & other indexes - intraday. Plus chat

big boy 10p per point trades here!
2 long trades on spx today.

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

No fair spread betting...we can't do that over here!

Someone thought that was because broker muscle, like Las Vegas casino muscle in online poker, bought enough political power to protect their cosy empires. I don't know if that is true ?

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

sold @ 1365.9

maybe a bit early !

and going against the trend. Been punished for this before !

curses - stopped out
I keep making that simple mistake ! aaaaaaaaaaah !!

 

[hwsteele]

re: S&P 500 & other indexes - intraday. Plus chat

curses - stopped out
I keep making that simple mistake ! aaaaaaaaaaah !!

Did you really get in at the very bottom of that little swing?
Going in the wrong direction?

Real question, why did you get in when/where you did?

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Did you really get in at the very bottom of that little swing?
Going in the wrong direction?

Real question, why did you get in when/where you did?

It looked like it had topped out. Still had a bit to go though. I have a bad habit of jumping in too quickly. Often I am right shortly afterwards though, but not in to collect.

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

It looked like it had topped out. Still had a bit to go though. I have a bad habit of jumping in too quickly. Often I am right shortly afterwards though, but not in to collect.

This is what I mean. Indicators look good and I am expecting a bearish day.

How do you see it hw ?

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

sold @ 1365.2

 

[hwsteele]

re: S&P 500 & other indexes - intraday. Plus chat

This is what I mean. Indicators look good and I am expecting a bearish day.

How do you see it hw ?

Not having looked too closely other than for the weekly contest, I really can't say.
After, Friday I would not expect much to the down side today, at least in the first half of the day.
But then again, it looks like you might be going after smaller swings?

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

sold @ 1365.2

closed at smallish profit

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Time to walk the dogs

while the US has lunch

sees ya later

 

[The Leopard]

re: S&P 500 & other indexes - intraday. Plus chat

Good thread.

Looks like Friday's support towards the close has flipped to today's resistance. Very range bound from the open in the first couple of hours, which says breakout mode. I'm watching carefully - breakout pullback or strong breakout pause, as long as it looks like a few are trapped on the wrong side by the pause.

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Good thread.

'm watching carefully - breakout pullback or strong breakout pause, as long as it looks like a few are trapped on the wrong side by the pause.

Me too. The pundits are talking down to 1320/40s first off.

 

[Pat494]

re: S&P 500 & other indexes - intraday. Plus chat

Not having looked too closely other than for the weekly contest, I really can't say.
After, Friday I would not expect much to the down side today, at least in the first half of the day.
But then again, it looks like you might be going after smaller swings?

Sometimes I quite like watching a longer time frame and then exiting on a shorter TF for bigger swings.