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All those who think....


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#1 NAV

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Posted 23 July 2007 - 12:16 PM

....the markets will close in green today, please raise your hands :P

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#2 hawkeyefan

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Posted 23 July 2007 - 12:22 PM

....the markets will close in green today, please raise your hands :P


I'll play. I think they will finsh green, but in reality nobody cares what I think anyway.

I am long from late in the end day Friday. Now with stops to get some profit. Friday was a short term cycle low for me.

Edited by hawkeyefan, 23 July 2007 - 12:26 PM.


#3 SemiBizz

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Posted 23 July 2007 - 12:23 PM

Just show me da mo... we don't have to have it to the upside to hold these prices... but we do have to have it to the downside to prove we can go lower... I am not seeing it.
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#4 eminimee

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Posted 23 July 2007 - 12:27 PM

red close..selling should start getting heavier at 1:31 pm eastern

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#5 rkd80

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Posted 23 July 2007 - 12:28 PM

....the markets will close in green today, please raise your hands :P


I went long this morning Nav after closing the rest of my shorts from Friday...but I find ES's inability to break through the TL connecting the previous tops of the past week a bit disheartening. I just shorted 1 es @ 1553, looking to add more if it begins to break down. I cant imagine the market reversing all it's gains ... but now that you have brought up the question, what are you seeing? Clearly you are seeing trouble ahead.
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#6 SemiBizz

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Posted 23 July 2007 - 12:30 PM

back tested the breakout area on 20% of the volume QQQQ
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#7 denleo

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Posted 23 July 2007 - 12:33 PM

Of course the market will close up today. We had a down day on Friday. That is enough. Denleo

#8 NAV

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Posted 23 July 2007 - 12:38 PM

....the markets will close in green today, please raise your hands :P


I went long this morning Nav after closing the rest of my shorts from Friday...but I find ES's inability to break through the TL connecting the previous tops of the past week a bit disheartening. I just shorted 1 es @ 1553, looking to add more if it begins to break down. I cant imagine the market reversing all it's gains ... but now that you have brought up the question, what are you seeing? Clearly you are seeing trouble ahead.


rkd80,

I maybe wrong. But my hourly indicators are saying that the hourly swing bottom is in. A break below ES 1547.50 on a hourly closing basis is now required to get bearish. Otherwise, new recovery highs are dead ahead. As for not breaking the trendlines, that's how this games is played. Rally in the morning and get close to the resistance. Show weakness around the resistance during the lazy hours (12:00 Est - 2:00 Est), suck in the shorts and breakout in the post-lunch session. I ain't disheartened yet :D

Edited by NAV, 23 July 2007 - 12:39 PM.

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#9 rkd80

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Posted 23 July 2007 - 12:45 PM

ahh, i see. i suppose i misread the tone/intent of your post ;)

....the markets will close in green today, please raise your hands :P


I went long this morning Nav after closing the rest of my shorts from Friday...but I find ES's inability to break through the TL connecting the previous tops of the past week a bit disheartening. I just shorted 1 es @ 1553, looking to add more if it begins to break down. I cant imagine the market reversing all it's gains ... but now that you have brought up the question, what are you seeing? Clearly you are seeing trouble ahead.


rkd80,

I maybe wrong. But my hourly indicators are saying that the hourly swing bottom is in. A break below ES 1547.50 on a hourly closing basis is now required to get bearish. Otherwise, new recovery highs are dead ahead. As for not breaking the trendlines, that's how this games is played. Rally in the morning and get close to the resistance. Show weakness around the resistance during the lazy hours (12:00 Est - 2:00 Est), suck in the shorts and breakout in the post-lunch session. I ain't disheartened yet :D


“be right and sit tight”

#10 thespookyone

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Posted 23 July 2007 - 12:49 PM

We finish red, or up less than half this much. Don't like the SOX lagging the Q's here.