8 replies to this topic

[greenie]

At least four people here expect a good up day - xD, denleo, selecto and UFO. Also, Fib and hiker are expecting continued uptrend. They are all experienced traders, and I am afraid to say anything different, but my indicators are showing tomorrow to be a good down day at least for NDX. I have not analyzed SPX enough to make a comment here. Edit. Actually, we should get more than one day of selling in NDX based on my internal indicators. Only thing that is inconsistent is the still open gap in VXN. One possible pattern would be a good morning rally in NDX, while the gap is closed and then decline starting from the fed announcement.

[Frac_Man]

I had a buy signal at 1418 and expect new highs again

Hank

just an opinion

At least four people here expect a good up day - xD, denleo, selecto and UFO. Also, Fib and hiker are expecting continued uptrend.

They are all experienced traders, and I am afraid to say anything different, but my indicators are showing tomorrow to be a good down day at least for NDX. I have not analyzed SPX enough to make a comment here.


Edit. Actually, we should get more than one day of selling in NDX based on my internal indicators.

Only thing that is inconsistent is the still open gap in VXN. One possible pattern would be a good morning rally in NDX, while the gap is closed and then decline starting from the fed announcement.

[A-ha]

I do not expect a good up day, I expect a slightly up day but it is not a high probability call. what is important is the day after the fed day in my very humble opinion.

[Rogerdodger]

And the last trading day of January is up more often than any other day of the year.

[greenie]

Your expectation is certainly a good possibility, if we need to have a good decline. Sentimentrader is on the bullish side, but not overly bullish like on the "Slamma Jamma" day. Same is true for few other sentiment indicators that I am watching. It is not good for a sustainable decline. What can happen is that SPX rises slowly for the next few days pushing that sentimentrader index to overly bullish, and then.......

[A-ha]

That "Slamma Jamma" day was a classic , like IndexTrader said, it was as good as Zentrader's "Magnificent 7" event ... It added a new and strong adjective to TT literature... "Slamma Jamma!" However this one suckered a lot of permabulls as most of them bought the top tick at the close.

Edited by xD&Cox, 30 January 2007 - 11:31 PM.

[tuffy88]

greenie---Flip a coin. heads up, tails down. call either way. You will have as good a chance of being right as anyone else. There are only 2 kinds of traders in the world tonight. Those who know that they don't know what the market will do tomorrow and those who don't know that they don't know what the market will do tomorrow. Charles

[dcengr]

No one knows what the market will do tomorrow. No one. But some will make money, and some won't. Hopefully its me making money

[arbman]

No one knows the very immediate moment, but there are odds and if you have enough parameters the odds will be in your favor for the majority of the following bars, only the most savvy makes the money at the turning points. If you stare at the same chart the whole day, of course, your odds will be lower. Now, the only way to open up the resistance above is to convince the participants to flee their positions, that's the battle plan at this juncture. Tomorrow might close up, but the next few days will be down with very high odds. If the resistance opens up, then the prices will try higher... - kisa