Calls on SPX around the 1340 level. If what i am speculating is true, we should see a massive gap-up tommorow. I smell a nasty bear trap here. I will post the pattern later.
I bought the close
Started by
NAV
, Feb 21 2008 04:03 PM
24 replies to this topic
#2
Rogerdodger
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Posted 21 February 2008 - 04:13 PM
It seems like there are too many of us thinking the same.
I'll be interested in the sentiment tonight.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
SemiBizz
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Posted 21 February 2008 - 04:16 PM
I don't see gap up, I see gap under support(1334-36) and spring...
Edited by SemiBizz, 21 February 2008 - 04:17 PM.
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
#4
oextrader
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Posted 21 February 2008 - 04:19 PM
You may be correct, but the averages are testing their 200 week. The DOW still needs to , so I do not see a bear trap I hope.
Rick
Edited by oextrader, 21 February 2008 - 04:20 PM.
#5
eminimee
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I don't care who's fur is flying...
Posted 21 February 2008 - 04:23 PM
You may be correct, but the averages are testing their 200 week. The DOW still needs to , so I do not see a bear trap I hope.
Rick
....you aren't suppose to see it.
#6
NAV
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Posted 21 February 2008 - 04:24 PM
Holy crap !. It's been a looooong time since i have seen a compression like this. How about this - SPX 1430 in 5 trading days ?
This is a swing trade and i am looking for about 60-80 SPX points. Hourly close below SPX 1320 - then i am wrong and will be stopped out.
#7
dualmax88
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Posted 21 February 2008 - 04:26 PM
I don't see gap up, I see gap under support(1334-36) and spring...
Semi - do you see a bullish or bearish spring?
Edited by dualmax88, 21 February 2008 - 04:27 PM.
#8
rkd80
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Posted 21 February 2008 - 04:30 PM
Nav,
This is a counter-trend swing trade with a 20 point stop?
rkd
“be right and sit tight”
#9
SemiBizz
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Posted 21 February 2008 - 04:31 PM
Semi - do you see a bullish or bearish spring?I don't see gap up, I see gap under support(1334-36) and spring...
I would suspect a bullish spring off a test of those numbers on a lighter volume penetration, but I won't know til I see the volume. For example what looked like it could be a bullish spring yesterday turned into a bearish event as the spring died on stronger volume without breaking the high. Today's gap and crap call was a no brainer.
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
#10
NAV
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Posted 21 February 2008 - 04:36 PM
Nav,
This is a counter-trend swing trade with a 20 point stop?
rkd
rkd,
Countertrend on hourly. Trend on Daily.
There's no easy trade here, bull or bear. It's all about one thing when we have a gigantic compression like this. It's RISK/REWARD.
