Investment

» chlo888 - anyone else think we have a short term bottom in?

In response to you called it Beartoes..nice one.. posted by chlo888:

Looking to get long since we are close enough to the spiral wall..

-- posted by chlo888

» GROUNDZERO - Near term bottom...

In response to anyone else think we have a short term bottom in? posted by chlo888:

I agree, it looks like we have at least a near term low in place here... ever since the sell signal at 1542.30, this market has been moving lower, that has been a nice 100+ point sell signal for anyone who stayed with it... we have now been testing the wall price of 1454.55 several times, and successfully, so far... we should soon see a rally to 1500, at least, as time runs out for this down spiral, we should see this rally begin no later than August 24th, and most likely from these current levels after prices stabilize here...

GZ http://xrl.us/SpiralProfits

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-- posted by GROUNDZERO

» chlo888 - Both GZ's buy and Beartoes' call when price was

In response to Near term bottom... posted by GROUNDZERO:

below the spiral wall on Friday is looking better and better. 18 point gap up this a.m.---tough to buy here..."those who hesitate.."

-- posted by chlo888

» Beartoes - Both GZ's buy and Beartoes' call when price was

In response to Both GZ's buy and Beartoes' call when price was posted by chlo888:

Well if the minor hold, we are right there at 1441 for the floor.
Beartoes

-- posted by Beartoes

» chlo888 - It's crunch time..

In response to Both GZ's buy and Beartoes' call when price was posted by Beartoes:

bounce off the lows or plunge into an abyss?

-- posted by chlo888

» hickfish - It's crunch time..

In response to It's crunch time.. posted by chlo888:

Well, the main down still shows a long way to go. I think it is still worth watching.

-- posted by hickfish

» chlo888 - Tried a short-- that didn't work so I'm long at the

In response to It's crunch time.. posted by hickfish:

minor spiral wall..let's see what happens..

-- posted by chlo888

» hickfish - Tried a short-- that didn't work so I'm long at the

In response to Tried a short-- that didn't work so I'm long at the posted by chlo888:

Chlo, Good luck!! Staying flat for now.

-- posted by hickfish

» Beartoes - Tried a short-- that didn't work so I'm long at the

In response to Tried a short-- that didn't work so I'm long at the posted by hickfish:

If you recall this is the 3rd time that we have been down to this 1433ish area. Each time we get a bounce. Could this be where the bottom is? Not to sure. Using the spiral from a week or so ago. I don't want to say to much about it here in the forum but the floor for today is 1433.54 and tomorrow is 1433.96. Not sure if it is going to hold again, but it may be a place to take a long since the risk is low. Just a couple of points away and then out if it breaks. Will have to see what the end of the day will bring.
beartoes

-- posted by Beartoes

» chlo888 - This market looks nasty--may need to work the

In response to Tried a short-- that didn't work so I'm long at the posted by Beartoes:

down spiral some more before we get a meaningful low..the spiral is still flashing sell...

-- posted by chlo888