SPX should get over 1100 soon in the next 2 days or it's going to fake out.......
If This Is for Real
Started by
redfoliage2
, Jul 13 2010 01:09 PM
5 replies to this topic
#2
arbman
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Posted 13 July 2010 - 01:14 PM
I wonder it will try to at least tag 1100 by the close --today, given how far it has come.
The bullish speculative tendencies are still on the mild side to cause much resistance and I am pretty sure there are a lot of uncomfortable short positions above 1107...
Edited by arbman, 13 July 2010 - 01:16 PM.
#3
redfoliage2
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Posted 13 July 2010 - 01:28 PM
It depends how good is the earnings from INTC. They could do a jump the creek job...........I wonder it will try to at least tag 1100 by the close --today, given how far it has come.
The bullish speculative tendencies are still on the mild side to cause much resistance and I am pretty sure there are a lot of uncomfortable short positions above 1107...
#4
arbman
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Posted 13 July 2010 - 02:07 PM
The bullish trend can get a bit obnoxious into the close, let's see... 
#5
diogenes227
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Posted 13 July 2010 - 02:12 PM
My intraday swing buys are up 2 standard deviations of a winning trade. That's pretty obnoxious I guess.The bullish trend can get a bit obnoxious into the close, let's see...
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#6
arbman
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Posted 13 July 2010 - 04:07 PM
It depends how good is the earnings from INTC. They could do a jump the creek job...........
Intel reports stronger revenue growth, guides also upward... I think we will see the 50 points weekly range to the upside before any downside, 1077 + 50 = 1120s should be tagged this week...
