10 replies to this topic

[redfoliage2]

From Neutral to SELL But I'd wait for a late afternoon bounce to sell as some weak shorts then will cover before the weekend............

Edited by redfoliage2, 16 October 2009 - 11:36 AM.

[dcengr]

I think I'll wait til monday.. Yes I believe a late day rally, then perhaps another pop before AAPL earnings.

[qqqqtrdr]

Internals are looking better, and OEX Put/Call today is looking bullish.... Probably a good bet..... Barry

[dasein]

we didnt get the gap up today as I hoped, and the old gap is still just above on the spx - i cant believe we got so close but they wont trade in there before a meaningful sell off starts.

Edited by dasein, 16 October 2009 - 01:27 PM.

[qqqqtrdr]

we didnt get the gap up today as I hoped, and the old gap is still just above on the spx - i cant believe we got so close but they wont trade in there before a meaningful sell off starts.

It has been that way over the last three months. The major brokerages know this time if a sell-off starts in earnest people will bail. They don't want that to happen... Volume shows it is taking less and less volume to make the market move higher... However that means it is attracting less and less investors... So where does the market go from here.... Breadth and NYSI says down eventually.. Dollar cannot go much lower without causing inflation, so market has to act on its own now... We need solid results.... So far they have been mixed....

Barry

[dcengr]

I still think we're ready for some sort of a top, but shorting today waiting for a 3rd gap down just doesn't make sense.. especially since gap got filled and bears got their {bleeeep} handed to them... again.

[qqqqtrdr]

I have been watching the OEX Put/Call ratio which was Bullish all day until an hour ago when there was lots of put activity..... For my charts the trend to the upside is relatively strong. The only dent in the amour I have is the McClellan Summation indexes continue to signal bear market ahead. This is also, compounded by short term indicators remain overbought and need at least a couple days to pull back.... Right now it looks like we buy on weakness, but weakness won't be a one day event... Barry

[redfoliage2]

Euro/USD topped and ready to test 1.43 again............

Edited by redfoliage2, 16 October 2009 - 03:04 PM.

[redfoliage2]

I think I'll wait til monday..

Yes I believe a late day rally, then perhaps another pop before AAPL earnings.

AAPL is in a monoply business and it's sales number can not provide a true picture about other tech firms, just as GS's earnings can not be a guidance for other small banks without investment trading business on the Wall street..............

Edited by redfoliage2, 16 October 2009 - 03:25 PM.

[TMN]

i just don't see asia up on monday...