Brief stops to gather bears at es 1095, 1099, 1105 then max volicity
Refueling complete
Started by
opinionated
, Nov 13 2009 11:18 AM
5 replies to this topic
#1
opinionated
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Posted 13 November 2009 - 11:18 AM
[attachment=13936:sad_bear_300x286.png]
Brief stops to gather bears at es 1095, 1099, 1105 then max volicity
Brief stops to gather bears at es 1095, 1099, 1105 then max volicity
#2
dasein
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Posted 13 November 2009 - 11:30 AM
check out isee options - very unusual call buying in indexes - something is brewing and it could be VST up.
I am short, but this is a little off-putting, what better to open monday way up (or down).
hedging looks in order
Edited by dasein, 13 November 2009 - 11:30 AM.
best,
klh
klh
#3
qqqqtrdr
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Posted 13 November 2009 - 11:37 AM
Tough call here VST... My intraday signals are currently not giving me any hint on VST direction.....
barry
#4
arbman
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Posted 13 November 2009 - 12:04 PM
If it closes like this, it can gap up and go on Monday a bit further... There is really nothing to be excited about for both bears and bulls since 1091 on ES holds, it was the pivot yesterday, I gave the benefit of the doubt and a fake poke to the downside --which looked pretty real. Today, not only we must close higher, but the breadth needs to also hold well. The rally looks like sheesh, so it keeps rallying as everyone is selling short... 
#5
Islander
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Posted 13 November 2009 - 12:24 PM
Must be a message here, I am attempting to decode it. I think maybe they will test the 1250 area for the holidays.
The volume up thrusts are well timed brief, but effective. Some one is driving.
Islander
#6
arbman
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Posted 13 November 2009 - 12:30 PM
Must be a message here, I am attempting to decode it. I think maybe they will test the 1250 area for the holidays.
The volume up thrusts are well timed brief, but effective. Some one is driving.
Islander
Islander, I tend to think 1130 zone will turn everyone solidly bullish and very hard to go through and a huge dump is coming right after the Thanksgiving. The action in Thanksgiving week with low volume will tell us, if it escapes higher say over 1140, then yes, it can really get parabolic in December... For now I think we will top without exceeding the 50% retracement of the bear...
I keep reminding myself that Intel projected 50% revenue growth from last quarter. The revenue growth is slowing down and this quarter USD is not much much weaker, I think the reflation trade should be getting very saturated once we finish the unfinished biz around 1130...
One step at a time...
Best,
-arb
