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S&P 500
5,464.35
(
-0.09%
)
US TECH 100
19,191.20
(
0.08%
)
Dow Jones
38,988.57
(
-0.32%
)
Brent Oil
83.86
(
-0.39%
)
Bitcoin
61,788.19
(
-0.04%
)
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farooq

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Alias Born 11/26/2001

farooq

Re: None

Friday, 08/31/2007 12:10:29 PM

Friday, August 31, 2007 12:10:29 PM

Post# of 31925
I think market is trying to go and test 1480 one more time.

We failed previous time to test the low, I see after 4th of September we will be trying 1440-1430 area one more time and then may be 1400 - 1390,(I see this less then 30% chance for it on Fibonacci golden spiral) I think we may go near last high and then fail from there to shake up things.

Excessive put buying and bearish call spread on SPX has created a floor for time being.

I am using my system for short term trade.

Any comments?


Good luck.

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514

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