SPX

Support comes today between SPX 1383-88. Took 10 points profits on half the position. The rest i will close around 1383, if it gets there. Knowing the criminals, they will ramp it one more time into the Fed meeting. A-ha, my stop now on the rest is breakeven. You still long ?

Edited by NAV, 29 April 2008 - 09:21 AM.

Alot of news out this week, besides the Fed. GDP tomorrow at 8;30 EST, Chicago PMI, Employment cost index. Then later in the week we got inflation numbers, payroll numbers, etc etc. Lots of market moving stuff besides just the Fed. I think there's a good chance we saw the high yesterday while A-Ha was trying to talk it up. Who knows though...maybe he "daytraded" that long and just didn't post it. IT

Alot of news out this week, besides the Fed. GDP tomorrow at 8;30 EST, Chicago PMI, Employment cost index. Then later in the week we got inflation numbers, payroll numbers, etc etc. Lots of market moving stuff besides just the Fed.

I think there's a good chance we saw the high yesterday while A-Ha was trying to talk it up. Who knows though...maybe he "daytraded" that long and just didn't post it.

IT

For what it's worth, I believe we saw a ST top Monday.

blu

Alot of news out this week, besides the Fed. GDP tomorrow at 8;30 EST, Chicago PMI, Employment cost index. Then later in the week we got inflation numbers, payroll numbers, etc etc. Lots of market moving stuff besides just the Fed.

I think there's a good chance we saw the high yesterday while A-Ha was trying to talk it up. Who knows though...maybe he "daytraded" that long and just didn't post it.

IT

I see a negative to 0.1% for the GDP number.

Alot of news out this week, besides the Fed. GDP tomorrow at 8;30 EST, Chicago PMI, Employment cost index. Then later in the week we got inflation numbers, payroll numbers, etc etc. Lots of market moving stuff besides just the Fed.

I think there's a good chance we saw the high yesterday while A-Ha was trying to talk it up. Who knows though...maybe he "daytraded" that long and just didn't post it.

IT

Last couple of days were classic. A-ha's breathless posts, not to mention his new avatar changes every hour. Swinger's bear taunting.....Today it's totally mum. Have you seen this movie before ? I believe in Karma

Edited by NAV, 29 April 2008 - 09:51 AM.

They jumped the 30 min support creek, now we'll consolidate and retest or directly to 1379.25...

Alot of news out this week, besides the Fed. GDP tomorrow at 8;30 EST, Chicago PMI, Employment cost index. Then later in the week we got inflation numbers, payroll numbers, etc etc. Lots of market moving stuff besides just the Fed.

I think there's a good chance we saw the high yesterday while A-Ha was trying to talk it up. Who knows though...maybe he "daytraded" that long and just didn't post it.

IT

I see a negative to 0.1% for the GDP number.

I think the consenus is around 0.5%. If you're right, your number will be well below expectations.

IT

Nasdaq did not test the low on the last dip when SPX tested the 30 min support.

Yesterday breadth was positive with low volume. It just doesn't act like to top here. It looks like consolidation before going higher..... Barry

Yesterday breadth was positive with low volume. It just doesn't act like to top here. It looks like consolidation before going higher.....

Barry

It could be Barry, it seems like a lot of people are now sensing the coming downtrend;

$-worth of equity and etf options in billions from yesterday's open interest (11:30ET prices);

%-change calls puts
-5 1.84 5.92
-4 2.08 5.31
-3 2.36 4.77
-2 2.67 4.30
-1 3.04 3.91 <<== looks like people started to hedge now
0 3.45 3.59
1 3.90 3.32
2 4.43 3.09 <<== but the upside is still limited
3 5.03 2.90
4 5.69 2.74
5 6.40 2.60