Faz is up all day today even though the market is up nicely. I really hope we go higher into the afternoon so I could add to my shorts.
Todays up move looks totally orchestrated by the operators
Started by
stocktrender
, Nov 13 2009 11:54 AM
14 replies to this topic
#2
arbman
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Posted 13 November 2009 - 11:56 AM
As much as I agree with you, if this breadth holds up until the close and we close over 1094 or so, Monday should gap up over 1100 and go... There is a lot of short selling despite the up market today, so the sentiment supports higher in my opinion, so we need the breadth to hold up well too...
#3
stocktrender
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Posted 13 November 2009 - 11:59 AM
I I think happened was that yesterday, the 60 minute became a bit oversold and the daily did not show a sell. Today it is the opposite. The daily is going to sell and the 60 minute went to buy. So when the 60 minute goes to sell, everything will be ready for the plunge.As much as I agree with you, if this breadth holds up until the close and we close over 1094 or so, Monday should gap up over 1100 and go... There is a lot of short selling despite the up market today, so the sentiment supports higher in my opinion, so we need the breadth to hold up well too...
#4
arbman
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Posted 13 November 2009 - 12:12 PM
I only see day #10 of the 90 day cycle, or 10% through the cycle low. If it tops here, it will be pretty unusual for this cycle. I would expect at least another 10 days to for this market to hold up or roughly 1/3 of the cycle or until after Thanksgiving. I am paranoid about the Thanksgiving, no deflationary force should be allowed to ruin three Thanksgivings in a row! 
#5
tommyt
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Posted 13 November 2009 - 12:17 PM
nothing new, been going on for months. Its gonna be a process to top this thing out.
#6
stocktrender
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Posted 13 November 2009 - 12:23 PM
I think the qqqq are very close to a top. I expected the move up today. 44.2 should be as far as she goes.nothing new, been going on for months. Its gonna be a process to top this thing out.
#7
arbman
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Posted 13 November 2009 - 12:25 PM
nothing new, been going on for months. Its gonna be a process to top this thing out.
I think the breadth and lagging stocks bottomed yesterday at 91st day of the cycle while the leading stocks finished their pull back, it should be fast and furious once again to the upside from here, watch the shorts run for exits IF we close above 1100. Then, this may get very parabolic during the Thanksgiving week, then we will sell off and start topping off in December...
#8
SuperSwing
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Posted 13 November 2009 - 12:29 PM
Been going on for months. Lots of shorts earlier this morning. If they cover before the close, this thing will go up.
Patience is a virtue. Wait for your opportunity and pounce.
#9
stocktrender
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Posted 13 November 2009 - 12:37 PM
I just shorted the naz 100. Very close to the top on that. 70 % short now.Been going on for months. Lots of shorts earlier this morning. If they cover before the close, this thing will go up.
#10
eminimee
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Posted 13 November 2009 - 12:45 PM
I just shorted the naz 100. Very close to the top on that. 70 % short now.Been going on for months. Lots of shorts earlier this morning. If they cover before the close, this thing will go up.
I'm thinking at least 1800/1805 NQ...and BKX might test it's 200 HSMA from underneath....
...but of coure that would be total manipulation..
