It feels like they are just gonna do one big Dump. They are distributing while masking SPX. Be careful.
BKX getting hammered but hardly affecting SPX
Started by
skyymaster
, Apr 14 2008 01:18 PM
6 replies to this topic
#1
skyymaster
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Posted 14 April 2008 - 01:18 PM
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#2
arbman
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Posted 14 April 2008 - 01:41 PM
Semis are also badly diverging within NDX.
Energy is also the only one leading.
I will be waiting the whole week for the dead cat bounce toward the gap, albeit it can come from lower levels...
#3
CHAx
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Posted 14 April 2008 - 01:48 PM
Careful guys. Xle acting good still.
My longs still breaking out today, all day long extending gains.
Cf mos rig apa clr extend their breakouts.
Fcx and bidu acting good.
Spx and ndx holding. Smh and xlf look terrible.
Hmmmmm
#4
skyymaster
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Posted 14 April 2008 - 01:50 PM
Semis are also badly diverging within NDX.
Energy is also the only one leading.
I will be waiting the whole week for the dead cat bounce toward the gap, albeit it can come from lower levels...
It is going to be one heck of a pain for the Cat especially if it from the lower levels because Max Pain is at 135 for SPY. 45 for Q's and 123 for DIA. If DIA get to 120 I may use my profit money to play the April Expiration. Will risk 1/4 of the profit money only. I would like to see SPY at 130-131 and Q's below 43. FWIW.
In any case, no hurry. If I miss the upside no problem. It always retraces good portion sooner or later.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#5
CHAx
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Posted 14 April 2008 - 02:06 PM
Now its looking like its about to get ugly
#6
arbman
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Posted 14 April 2008 - 02:08 PM
This is getting really bad, it could not even bounce to 1340 to test it from below, it could not even get some of the most oversold to bounce, not even a doji?!? oh boy...
#7
arbman
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