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I still believe a gap down and run is in order here


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#1 dcengr

dcengr

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Posted 22 December 2006 - 11:01 AM

So finish at the lows and a large gap down tuesday morning... You can see that there's a large # of dip buyers at this line. If it gaps below, the fear will be rampant. Da boyz know this. With margin debt as high as it is, with futures position as high as it is.. with bullish % as high as it is, with vix as low as it is.. All things point to this line on Qs at 43. A lage gap down will cause a flood. The only thing is.. its at santa rally time, with low volume. Its the only part that don't make sense. So I scratch my head. Ofcourse, AAPL will report on their options problem before year end. If that causes AAPL, the darling of wallstreet, to finally gap down, that could be the initiator. EDIT: Oh and we can't forget that there's heavy dip buying by odd-lots and in equity options...

Edited by dcengr, 22 December 2006 - 11:02 AM.

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