Monday, March 26, 2007 11:13:52 PM
That 1370 pivot came in handy the 2nd visit there on 3/14 @ the crescendo of the sub prime/carry trade woes that carried the SPX down even a little lower that morning ....
when shorting LEH that morning from $72 on all the broker weakness was still keeping that pivot fixed in my mind and reversed going long LEH a last pushdown to $68's ....
later on that day LEH reversed back up 3pts :
http://www.investorshub.com/boards/read_msg.asp?Message_id=17865968&txt2find=leh
" covd LEH near $68 went long for the dcb 68.20 area ...
SPX held the 1370 d-bot ...now looking where it goes from here "
*Did an exact similar trade for BSC as well off $138's/$139 that same morning and it reversed back up nearly 7pts that day as well .... it was good to remember how they play this double bottom game and your post of that pivot really did help , tx!
http://www.investorshub.com/boards/read_msg.asp?Message_id=17874116&txt2find=bsc
when shorting LEH that morning from $72 on all the broker weakness was still keeping that pivot fixed in my mind and reversed going long LEH a last pushdown to $68's ....
later on that day LEH reversed back up 3pts :
http://www.investorshub.com/boards/read_msg.asp?Message_id=17865968&txt2find=leh
" covd LEH near $68 went long for the dcb 68.20 area ...
SPX held the 1370 d-bot ...now looking where it goes from here "
*Did an exact similar trade for BSC as well off $138's/$139 that same morning and it reversed back up nearly 7pts that day as well .... it was good to remember how they play this double bottom game and your post of that pivot really did help , tx!
http://www.investorshub.com/boards/read_msg.asp?Message_id=17874116&txt2find=bsc
Know how to make God laugh?
Tell Her your plans ....
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