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We are closer to a low in BOTH NASDAQ and sp500
if 1189 holds and we close substantially above I would be happy
NASDAQ and sp 500 will probably make a lower low ,
do not try to buy bottoms
lets wait for confirm up move
my trade of long at 1192 will be with hedge buying 20 e mini
long 6 1190 puts so my risk is only 2 points,
will sell the puts to a loss on a CLOSE above 1200, and also sell at that
time 5 e mini(out of the 20)
Ben
Subject: Re: [RT] sp500 update and the vix
> Clyde's hurst projections for the vix next week
>
>
> Subject: [RT] sp500 update
>
>
>> Hello
>>
>> NASDAQ is now in more trouble, it may not bottom on Monday
>>
>> the sp500 is in a better shape and likely support is between 1193-1197
>>
>> I would be a buyer at that level Monday/Tuesday
>>
>> stop loss at 1189
>>
>> profit objective is 1225-1235
>>
>> cycle is suggesting 3/16 as low
>> Ben
>>
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>
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> Yahoo! Groups Links
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>
>
>
>
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