Normally Wed or Thurs would see the actual intraday price high, but since Friday is end of month, that is when the down day would most likely occur. If we did turn down right away, we could definitely test some moderate support levels, but if ES 1085 was printed, we could see the gap filled at 1063 on end of month squaring. Grinding up is all we have for now.
are you ready ?
Started by
andr99
, Jul 26 2010 03:26 PM
21 replies to this topic
#12
milbank
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Posted 26 July 2010 - 07:06 PM
VFF: High tomorrow before lunch, down for the rest of your (inflation adjusted) life.
There's an old saying here in Connecticut. . .
"One can never be too thin or too inflation adjusted."
Edited by milbank, 26 July 2010 - 07:08 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#13
qqqqtrdr
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Posted 26 July 2010 - 08:08 PM
Bears at lowest short positions in forever. Could be interesting as they were the only ones supporting the market.
Rydex Funds shows not a lot of movement in the amount of bearish funds, but a big increase in the amount of cash being infused into the bullish side as well funds moving into the market... Unfortunately, for the bears this is bullish... I do think we need more short covering. Hopefully the bears covered today.... I need to get back into the market...
Barry
#14
CLK
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Posted 26 July 2010 - 08:49 PM
All I see here is guessing, I would not risk one
dime unless I was almost sure. I see no topping
action, overbought yes but it is a coin toss.
Sometimes I wonder if people got millions or whatever
somewhere else and just do this for fun to see
how much they can keep from losing, not really
worrying about losing a few hundred thousand.
#15
NewportTrader
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Posted 26 July 2010 - 08:53 PM
Bears at lowest short positions in forever. Could be interesting as they were the only ones supporting the market.
Can you give me a link to where i can find the current short data compared to where they were historically
#16
vitaminm
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Posted 26 July 2010 - 09:26 PM
Nasi@317.03..................R/T...615
S@-45
Edited by vitaminm, 26 July 2010 - 09:28 PM.
vitaminm
#17
pdx5
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I want return OF my money more than return ON my money
Posted 26 July 2010 - 09:53 PM
All I see here is guessing,
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#18
Echo
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Posted 26 July 2010 - 10:13 PM
Nasi@317.03..................R/T...615
S@-45
NASI is at -500 bro. I think you mean NYSI?
#19
Echo
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Posted 26 July 2010 - 10:17 PM
Normally Wed or Thurs would see the actual intraday price high, but since Friday is end of month, that is when the down day would most likely occur. If we did turn down right away, we could definitely test some moderate support levels, but if ES 1085 was printed, we could see the gap filled at 1063 on end of month squaring. Grinding up is all we have for now.
Could be Darris, but the 6/7 day low is due Tuesday, Wed at the latest, so Friday I would expect would still be up, though I suppose it could be the start of the drop into the 5wk low. All in a perfect Hurst world, of course.
Doc
#20
NAV
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Posted 26 July 2010 - 10:24 PM
All I see here is guessing,
Guessing has an element of doubt associated with it. I don't see that here
