or not.
Where's Ben and his magical printing machine today?
Edited by SemiBizz, 19 April 2013 - 01:07 PM.
SPX not out of the woods yet...
Started by
SemiBizz
, Apr 19 2013 01:05 PM
5 replies to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 19 April 2013 - 01:05 PM
Maybe the bulls will be rescued by the close ....
or not.
Where's Ben and his magical printing machine today?
or not.
Where's Ben and his magical printing machine today?
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
redfoliage2
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- Traders-Talk User
- 19,897 posts
Member
Posted 19 April 2013 - 01:23 PM
Today's move is for OpEx purposes. Monday it will tell the truth about the direction......
I unloaded 50% ES longs with 10 points profit (in 1538 out 1548).
Edited by redfoliage2, 19 April 2013 - 01:28 PM.
#3
selecto
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- Traders-Talk User
- 6,871 posts
Member
Posted 19 April 2013 - 01:42 PM
Agreed, Red. We're sidweways and boring to eod. I think I'll go experience the great outdoors and haul a load of trash to the dump.
#4
jdjimenez
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- Traders-Talk User
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Member
Posted 19 April 2013 - 02:22 PM
Today's move is for OpEx purposes. Monday it will tell the truth about the direction......
I unloaded 50% ES longs with 10 points profit (in 1538 out 1548).
You made a very nice trade Red. I went long the SSO but had a stop that was way to tight and lost my shares for a $80 profit so first pitcher of Margaritas is on me.
JDJ
#5
ogm
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- Traders-Talk User
- 13,780 posts
Member
Posted 19 April 2013 - 02:50 PM
There is no SPX... there is a handful of megacaps in unsustainable parabolic uptrends, like JNJ, or HD.
The rest looks like crap.
there are only 45% of NYSE stocks above their 50 DMA. Participation is non-existant. You can throw a dart in the market and unless its JNJ, GOOG or HD, then good chance that stock is in a downtrend.
This is an OPEX squeeze, meant to destroy the puts and volatility premiums. We'll see what next week looks like.
Edited by ogm, 19 April 2013 - 02:51 PM.
#6
SemiBizz
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- Traders-Talk User
- 23,217 posts
Volume Dynamics Specialist
Posted 19 April 2013 - 03:00 PM
2 days closing under the trend line...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
