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Another Weak Day Tues.


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#1 mss

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Posted 25 July 2011 - 03:21 PM

:) [attachment=18654:sc.png]
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#2 selecto

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Posted 25 July 2011 - 03:27 PM

Thanks, MSS. I'm in the middle of IT hell, and can't deal with charts, but the squeeze on the 60 sure looks to resolve down. A little clearer on FAS.

#3 TechMan

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Posted 25 July 2011 - 03:32 PM

Another Weak Day Tues.


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#4 orange

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Posted 25 July 2011 - 03:36 PM

Yea, not so impressive rebound today. 1330SPX is looking like a magnet...

"When your position is underwater, average down" - Professional Trader


#5 arbman

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Posted 25 July 2011 - 04:06 PM

In my analysis, one more down day would invite 1 extra more down day (Wed) at least now. The hourly measures are about to trend actually. RUT lagged quite a bit and AAPL index (NDX) also went up all by itself while Nasdaq could not catch up again. This looks quite weak actually now...

#6 CLK

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Posted 25 July 2011 - 04:33 PM

I did what I was supposed to and shorted IWM near the gap rebound highs. I expect to lose as the daily has settled at the right shoulder of an inverse.

#7 Rogerdodger

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Posted 26 July 2011 - 09:11 AM

Good one Scott.