The high ARMS (trin) is troublesome. If it doesn't fall here, I'm going to nibble short. The big caveat is that the rally appears to have some decent volume (on the ES).
Mark
Bounce Suspect
Started by
OEXCHAOS
, Jan 23 2007 11:17 AM
5 replies to this topic
#1
OEXCHAOS
-
- Admin
- 22,017 posts
Mark S. Young
Posted 23 January 2007 - 11:17 AM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#2
dcengr
-
- Traders-Talk User
- 13,391 posts
Member
Posted 23 January 2007 - 11:20 AM
Breadth seems fine to me.. I don't think reversal til tomorrow. I think 50% regain of drop, then another drop, 50% regain seems fine to me 
Qui custodiet ipsos custodes?
#3
OEXCHAOS
-
- Admin
- 22,017 posts
Mark S. Young
Posted 23 January 2007 - 11:24 AM
Breadth OK, new highs sorta OK, but the ARMS is high. Someone is selling something. If it's not arb or news related, it's distribution. MOST times it's a ST tell.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#4
dcengr
-
- Traders-Talk User
- 13,391 posts
Member
Posted 23 January 2007 - 11:36 AM
If its gonna turn around, this would be the place for it..
Qui custodiet ipsos custodes?
#5
OEXCHAOS
-
- Admin
- 22,017 posts
Mark S. Young
Posted 23 January 2007 - 12:23 PM
Arms falling, but still suspect. I'm agnostic, but if I can get a Fast Stoch Sell this afternoon, I may take it.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#6
OEXCHAOS
-
- Admin
- 22,017 posts
Mark S. Young
Posted 23 January 2007 - 01:13 PM
too much up volume. I'm not shorting unless I see some down volume.
Mark
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
