ndx is now close enough to the top of its range for a good ol' fashioned stop run in the next day or two, but if the nasdaq/spx do not follow suit, the mkt wil be setting up a bull trap, similar to the "breakdown" in the ndx while the nasdaq/spx stayed above their range.
Selling 1/2 my long position in the es @ 1423, will sell the rest once the ndx makes a new high.
ndx stop run
Started by
S.I.M.O.N.
, Jan 10 2007 03:56 PM
3 replies to this topic
#1
S.I.M.O.N.
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SIMONForecast
Posted 10 January 2007 - 03:56 PM
*previously known as pnfwave
#2
dcengr
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Posted 10 January 2007 - 04:49 PM
Massive capitulation going on in AHs.
I think QID did another record volume day.
Looks like many are ready to change religions.
Qui custodiet ipsos custodes?
#3
S.I.M.O.N.
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SIMONForecast
Posted 10 January 2007 - 05:53 PM
Looks like many are ready to change religions.
yep, good short opp coming up shortly
*previously known as pnfwave
#4
CLK
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Posted 10 January 2007 - 06:20 PM
What concerns me more than a downside break.......they may have plans to pocket the premiums
on both sides. This might go on for 2-3 more weeks.
on both sides. This might go on for 2-3 more weeks.
