12 replies to this topic

[A-ha]

watch SPY 144.90 - 145

http://xtrends.blogs...versal-day.html

Edited by xD&Cox, 02 February 2007 - 10:31 AM.

[dcengr]

I'm expecting flat... need a day to consolidate. Monday maybe down, but today should be flat to slightly up.

[arbman]

It looks to me like it is right about to make a massive reversal too... - kisa

[dcengr]

It looks to me like it is right about to make a massive reversal too...

- kisa

I wouldn't mind if it did, but I'm taking part of the day off.

[A-ha]

It looks to me like it is right about to make a massive reversal too...

- kisa

I wouldn't mind if it did, but I'm taking part of the day off.

OIH is making already ahead of the market ...weak markets are the first to plunge...

Stay short OIH


BTW I told you stay short AMZN... its trashed...

Edited by xD&Cox, 02 February 2007 - 11:16 AM.

[arbman]

If the indices do not break down within a week, the topping should probably take till the end of the month and the senior indices can go a bit higher... But this says we are right about to dive...

[A-ha]

What is it?

[arbman]

The dealers started to borrow to make the market, they usually do this ahead of the declines (sorry for the obscure chart --it is the securities lending from the FRBNY) The Fed is also keeping the repos at ~$20B which is very low for this market...

Edited by kisacik, 02 February 2007 - 12:46 PM.

[arbman]

Stay short OIH

You know OIH is the last bit of strength actually in terms of sector cycle. It is doing well today...

[arbman]

For the completeness about the repo info, the treasury also made about $36B in short term auctions over the past week or so, most of them will expire by the middle of the month. This is why I said, if it doesn't break down here, it will probably support...