Disqus - Friends of arak99

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 11:49:08 -0000

I'm all cash now..Played both sides today..Just cleared my long here.

Will wait for the direction confirmation..Hourly chart is looking ripe for both ways.. Not worth the risk.. I'll go long on the pullback, if SPY holdabove 87.00 for a while.

Go short if SPY trades below LOD.

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 11:55:22 -0000

People who wants to short, this is a good level for the day..Less risk, if proper stop loss enabled.

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 12:19:50 -0000

hmm... smart.. I liked that

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 12:20:37 -0000

Its coming down.. cool

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 12:23:52 -0000

Going short.. Thanks Atilla

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 14:03:28 -0000

a run to 850 level possible before going down..

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 14:41:41 -0000

Looking soo good for a nice fall in 20 mins :) ..

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 15:25:20 -0000

Okay...got that 850

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 16:05:20 -0000

John, well played.. Excellent!

Re: short TF above 454

Nandu Konat — Tue, 18 Nov 2008 16:23:54 -0000

tomorrow SPY could go as high as 88.40.

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 12:14:20 -0000

Covered 1/2 position of short. will cover the remaining 1/2 at 820.

Will start buying at 820 level (1/2 position).

The objective here is not to get 100% right. I can take another 30 points down to complete my buys.

I don't see S&P going below 800 in this month..

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 12:44:41 -0000

Up we go here. a bounce .. may be

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 13:03:12 -0000

Now I can short this at 837!

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 13:20:14 -0000

This is soo confusing.. I can read hourly chart in both direction ..bullish and bearish.. I hate playing one direction in such a spot. So I'll wait for 810-820 area to be a buyer.

If we are closing low of the week below 820 area, I will not hold any long positions to avoid surprises, if any.

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 13:30:58 -0000

lol... No personal offense to anyone. Just that I don't like directional trade.. Thats how I lost last time.. Became too confident and started playing the one direction.. So a bit careful here.. But will not be going long till 820 level, .. respecting your carsh call to 780 level

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 13:34:22 -0000

Thats the safe play.. will clear all short at 820 and wait and watch

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 14:38:32 -0000

covered all my shorts. Will wait in the sidelines. Best of luck guy..

I know what Atilla is lookign at. But I don't have the guts to hold it to see that.. Best of luck

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 14:42:51 -0000

Go and see your weekly chart on S&P for the last 25 years. If you cannot see what hes looking at, I would suggest not to trade in this market.

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 15:00:29 -0000

Give me an Avrar please.. Atilla/ Johneeboy, recommend one please.

Re: Holly Cow!

Nandu Konat — Wed, 19 Nov 2008 18:51:58 -0000

For those who covered at 820 area, you all did a good job.

Thats how you manage risks. Even if we gap down tomorrow below the support, the market will retest that gap and you could short at that opportunity. Don't panic and start shorting during the retest .

Now, I see many people mentioning that support is broken. Breaking a support is not confirmed, until we close a week below 770 area. Till that time it can reverse any time.

Re: Into the oblivion...

Nandu Konat — Wed, 19 Nov 2008 22:57:13 -0000

I'll be surprised if Atilla didn't cover around 764 level :). If he holds beyond that, I may need to get back to my TA practice again!

Re: Into the oblivion...

Nandu Konat — Wed, 19 Nov 2008 23:04:45 -0000

And go long to 950 -:)

Re: Into the oblivion...

Nandu Konat — Thu, 20 Nov 2008 10:36:42 -0000

Too early to tell the bottom..check 5 mins chart clearly through the gap channel

Re: Into the oblivion...

Nandu Konat — Thu, 20 Nov 2008 10:38:05 -0000

Here sitting on cash waiting for the buy confirmation.. I don't want to get caught in the reversal process.

Re: Into the oblivion...

Nandu Konat — Thu, 20 Nov 2008 12:32:03 -0000

Shorted at 812