SPX VST
Started by
NAV
, Nov 12 2009 11:38 PM
26 replies to this topic
#1
NAV
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Posted 12 November 2009 - 11:38 PM
15-min is oversold. So expect some dead cat activity in the morning. But if you are a bear what you do not want to see is a hourly close above SPX 1094 again. If it occurs, then a retest of SPX 1100-1105 or even a marginal high is a possibility. Given that all TT bears are out of woodwork today, some tactical move to get the bears running for aspirin is a possibility
#2
porsche911sg
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Posted 13 November 2009 - 12:44 AM
I am waiting for the high surge tp come to short15-min is oversold. So expect some dead cat activity in the morning. But if you are a bear what you do not want to see is a hourly close above SPX 1094 again. If it occurs, then a retest of SPX 1100-1105 or even a marginal high is a possibility. Given that all TT bears are out of woodwork today, some tactical move to get the bears running for aspirin is a possibility
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
TMN
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Posted 13 November 2009 - 03:22 AM
i am thinking inside day
#4
arbman
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#5
TMN
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Posted 13 November 2009 - 03:47 AM
haha, we don't know for who's butt yet, possibly for the one that likes it most
Edited by maxter267, 13 November 2009 - 03:48 AM.
#6
arbman
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Posted 13 November 2009 - 04:34 AM
haha, we don't know for who's butt yet, possibly for the one that likes it most
loosing 1091 for ES was not very good today, it is struggling over there, now hourly is a bit o/b, this is not the price action I had in mind... 1092 must clear with ease in the next few hours... It is R2, then it can trend easily, for now it looks like a bounce only...
#7
TMN
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Posted 13 November 2009 - 04:49 AM
i would not give too much abt the european session. it will stay within the known ranges, dax 5600-5720
#8
arbman
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Posted 13 November 2009 - 04:59 AM
i would not give too much abt the european session. it will stay within the known ranges, dax 5600-5720
At least Europe and Asia did not dump...
#9
TMN
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Posted 13 November 2009 - 05:21 AM
15-min is oversold. So expect some dead cat activity in the morning. But if you are a bear what you do not want to see is a hourly close above SPX 1094 again. If it occurs, then a retest of SPX 1100-1105 or even a marginal high is a possibility. Given that all TT bears are out of woodwork today, some tactical move to get the bears running for aspirin is a possibility
the mkt has failed at 1100-05 four times over the last few weeks, it will take another "explosion" to take these lvls out
#10
arbman
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Posted 13 November 2009 - 06:05 AM
the mkt has failed at 1100-05 four times over the last few weeks, it will take another "explosion" to take these lvls out
This is what I was thinking too when/if it blasts higher, it could imply a change in the game plan. But then maybe now, a run up on Fed's funny money to 1125-1135 would stop out many bears, but it may fail to generate the euphoric buying among the institutions and it may actually sell even faster in the absence of the bears, but only many convinced bulls...
