5 replies to this topic

[dcengr]

I think its overbought and some downside is coming.. But I also think there will be an AH pop after asia opens. So if you plan on shorting, you may want to wait til then.

[dasein]

oh, no, you are going to no sleep mode like porsche, too....

[Cirrus]

I see more potential for upside here. Liquidity is PILED into bonds like no ones business. Stupid low rates and moderate to low equity valuations with generally negative sentiment. Gold stocks acting well. Stocks holding up great on weekly chart if you consider the plunge in yields. Weekly and daily trend down but daily could switch to up as soon as close today or tomorrow. With Fed action 100s of billions can come out of stocks into bonds without raising rates much at all. I see more upsided risk to downside which is why I stated a day or two ago about respecting the trend but downside was limited.

[hitoya]

I see more potential for upside here. Liquidity is PILED into bonds like no ones business. Stupid low rates and moderate to low equity valuations with generally negative sentiment. Gold stocks acting well. Stocks holding up great on weekly chart if you consider the plunge in yields.

Weekly and daily trend down but daily could switch to up as soon as close today or tomorrow. With Fed action 100s of billions can come out of stocks into bonds without raising rates much at all.

I see more upsided risk to downside which is why I stated a day or two ago about respecting the trend but downside was limited.

For over a week, while market looked really bad and was going down, oex put/call had been kept under one consistently. They must know something

[dcengr]

This is a 5 wave move UP, but I think we finished wave 1 up, now we need to see wave 2 down.

[porsche911sg]

oh, no, you are going to no sleep mode like porsche, too....

porsche went to sleep mode after shorting. oh it went a little higher but it ok with me.