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TF thread (Russell 2000) ... anything goes


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TF thread (Russell 2000) ... anything goes

  #881 (permalink)
 
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 kbit 
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Had some upside targets for today which all got hit except for 79.4 which is likely to get tagged before the new downside target gets tagged...which is 75.1

I'll be looking to short back to 75.1 and if it goes to 74.8 will be looking to stay in short until it goes down as many ticks as it went above 75.1...if that makes any sense

I would expect it would go a little past that point but somewhere in that neighborhood I'll be looking to go long again.


looking for 71 now

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  #882 (permalink)
 
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 kbit 
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waiting for PA to go long now...could be anywhere, not necessarily at the 71 level....

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  #883 (permalink)
 
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73.7 is next downside target...with the current high of 77, if/when it comes back to 73.7 and hits 73.4 then it will go to 70.4 at least.

same deal as last time...looking for long around 73.7 unless the next leg gets triggered in which case be looking long after 70.4 gets tagged.

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  #884 (permalink)
 
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For sun/mon 79.5 is the next downside spot to get tagged....more details later


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  #885 (permalink)
 
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 kbit 
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I hesitate in making this post but can make a case although weak for a visit back to 1180.

Can make a bit stronger case for 87 but that looks a little weak as well so....basically just going to wing it.

next few days 1200 is looking likely...they might want to get it before the holiday so I'm kind of expecting a drift up and some of the shorts that show up might get blown out. Today they have already demonstrated some of that behavior on my charts so keep that in mind.

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  #886 (permalink)
 
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Made it to 1200 obviously...little sooner than I was thinking but doesn't matter. Next question is whether or not it gets back to 1180 to resolve an issue I saw down there.
I'm pretty sure that wouldn't happen til next week some time as it is likely to be above 1200 going into the close before trading halts for the holiday.

That's not to say it wont drop a wee bit below 1200 in the mean time but that's my thought on what's likely.

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 kbit 
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Made it to 1200 obviously...little sooner than I was thinking but doesn't matter. Next question is whether or not it gets back to 1180 to resolve an issue I saw down there.
I'm pretty sure that wouldn't happen til next week some time as it is likely to be above 1200 going into the close before trading halts for the holiday.

That's not to say it wont drop a wee bit below 1200 in the mean time but that's my thought on what's likely.

I'm looking for 79.9 to be exact on the downside then looking to go long again with the following target in mind....1199.4
I'm not saying it will run back there, that's just what the upside target is after 79.9 gets hit and a reversal occurs. I will come up with the next plan based on conditions at that time...

Edit: I Missed 95.4 on the upside so would be looking for that on the first....

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kbit View Post
I'm looking for 79.9 to be exact on the downside then looking to go long again with the following target in mind....1199.4
I'm not saying it will run back there, that's just what the upside target is after 79.9 gets hit and a reversal occurs. I will come up with the next plan based on conditions at that time...

@kbit, can you post a chart or explain why you are looking for 79.9 as your downside target? thanks

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 kbit 
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@kbit, can you post a chart or explain why you are looking for 79.9 as your downside target? thanks

I will later...to lazy now
I could post a chart but would take me a while to explain what I'm looking at... I have shown some examples in this thread somewhere I think but will post something tomorrow

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  #890 (permalink)
 
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Just way to much hate going on...when it went past 75 I wrote off my long idea.
The numbers I posted are still valid but won't come into play for a while at this point.

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