Trading Houston 2

Discussion in 'Share Investing Strategies, Theories & Education' started by Tropo, 10th Nov, 2007.

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  1. Tropo

    Tropo Well-Known Member

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    Tropo, 10th Nov, 2007
    #1
  2. perky

    perky Well-Known Member

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    That 6505 is an important level.
    As I look now, futures are down to that right now at 49 points down.
    Certainly looks pretty bad.

    On a different note, isnt Forex trading fascinating to watch!! To see the AU go from near 94c down to (now 91.35) in 3 days - amazing.
     
    perky, 10th Nov, 2007
    #2
  3. Tropo

    Tropo Well-Known Member

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    Perky,
    FX is the most sexy market to play with....:D:p:D
     
    Tropo, 10th Nov, 2007
    #3
  4. Glebe

    Glebe Well-Known Member

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    wow, DJIA got caned again. Now down to 13042.

    Still up quite a bit for the year though.
     
    Glebe, 10th Nov, 2007
    #4
  5. DaveJ__

    DaveJ__ Well-Known Member

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    Should see around 6400 today on the XJO... Seems a trend change may be in the winds?? :rolleyes:

    This market has been crazy since the August 'correction'... It doesn't make any sense to me.

    Should be fun! (If you know what a PUT is:cool:)
     
    DaveJ__, 13th Nov, 2007
    #5
  6. coopranos

    coopranos Well-Known Member

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    how do you figure 6400?
     
    coopranos, 13th Nov, 2007
    #6
  7. DaveJ__

    DaveJ__ Well-Known Member

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    Actually i am hoping for much lower (but might get hit around here:eek:)

    I see large support around that level from may-Jul(resistence) and then slight hesitation in late Sep on the rally from Aug lows..
    If it falls below that level i am hoping for a nice leg down. The DOW just broke the 13,000 'physc' level.

    I just see interesting times
     
    DaveJ__, 13th Nov, 2007
    #7
  8. Tropo

    Tropo Well-Known Member

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    XJO at my level (6440) :p
    May/may not bounce back up ;)
     
    Tropo, 13th Nov, 2007
    #8
  9. coopranos

    coopranos Well-Known Member

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    6499 - keep bouncing baby
     
    coopranos, 13th Nov, 2007
    #9
  10. DaveJ__

    DaveJ__ Well-Known Member

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    Looks like that 13,000 level holds again... Interesting to watch it hit that level then bounce back. On low volume though so will just wait and see.
     
    DaveJ__, 14th Nov, 2007
    #10
  11. Tropo

    Tropo Well-Known Member

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    Yep... It may well be a bull trap...
    So ... watch your stops ;)
     
    Tropo, 14th Nov, 2007
    #11
  12. coopranos

    coopranos Well-Known Member

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    Looks like our market was a touch more tentative than the US & Asia.
     
    coopranos, 14th Nov, 2007
    #12
  13. DaveJ__

    DaveJ__ Well-Known Member

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    Back at 13,000 again!... :rolleyes:

    (Yes i am a Bear)
     
    DaveJ__, 20th Nov, 2007
    #13
  14. Tropo

    Tropo Well-Known Member

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    DaveJ,

    It's not easy to be a bull right now.;)
    I would not be surprised to see DOW at 12808/12705/12444/12397/11991.
    Tight your stops.
    :cool:
     
    Tropo, 20th Nov, 2007
    #14
  15. Takestock

    Takestock Well-Known Member

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    You've got to be having a lend of us... Are you sure it should be 11991 rather than 11990?:eek:
     
    Takestock, 20th Nov, 2007
    #15
  16. Tropo

    Tropo Well-Known Member

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    Only because you are a 'value' investor I'll give a discount :p
    So...what about 11995? :rolleyes:
     
    Tropo, 20th Nov, 2007
    #16
  17. DaveJ__

    DaveJ__ Well-Known Member

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    Just keep going down!...

    'Bulls climb up the stairs.... Bears Jump out the Window!'...

    Hmmm If you are playing the downside then profits may be in the winds... Working for me at the moment anyway:rolleyes:
     
    DaveJ__, 20th Nov, 2007
    #17
  18. Tropo

    Tropo Well-Known Member

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    It's good to hear that you are doing well (same here) :D
    Happy trading !!:p
     
    Tropo, 20th Nov, 2007
    #18
  19. Tropo

    Tropo Well-Known Member

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    Hey DaveJ,

    DOW broke down my first level (bad news :p).
    It seems that AUD is heading towards 80c...
    Happy shorting...:D:D
     
    Tropo, 22nd Nov, 2007
    #19
  20. DaveJ__

    DaveJ__ Well-Known Member

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    WOW---

    WOW... Got Hammered Today!!.. Things aren't looking so Rosy for the BULLS out there!



    DaveJ
     

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    DaveJ__, 17th Dec, 2007
    #20
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