This is the usual pattern of selling off for an hour and a half and going nowhere after that.
The only question I have is whether we are bottoming today or will bottom tomorrow before the run up to new highs on S&P.
Just like I said several months ago and many points lower: there is no risk!
Denleo
Market is bottoming
Started by
denleo
, Jan 22 2007 03:01 PM
10 replies to this topic
#2
Frac_Man
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Hank Wernicki M.A.
Posted 22 January 2007 - 03:09 PM
Yes, this is the last chance to dance
enjoy
Hank
I need a drink now :-)
enjoy
Hank
I need a drink now :-)
This is the usual pattern of selling off for an hour and a half and going nowhere after that.
The only question I have is whether we are bottoming today or will bottom tomorrow before the run up to new highs on S&P.
Just like I said several months ago and many points lower: there is no risk!
Denleo
#3
dcengr
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Posted 22 January 2007 - 03:14 PM
Just like I said several months ago and many points lower: there is no risk!
With a 100+ point sell off in the dow, the VIX barely got over 11.. now its going back down below 11.
There's certainly no risk according to VIX.
Qui custodiet ipsos custodes?
#4
arbman
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Quant
Posted 22 January 2007 - 03:18 PM
Good to see you Denleo, I agree that there is one more run up remaining into Feb, perhaps from another mediocre pull back tomorrow, or maybe one more after that, but like I said several months ago, the risk is rapidly increasing as it runs higher and higher! 
Good luck,
- kisa
Good luck,
- kisa
#5
CLK
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Posted 22 January 2007 - 03:25 PM
I've already covered and gone long.
Risk here though, could need to complete c of C of A down from the highs,
sitting at top of b of C now.
Divergence in place but already bounced.
#6
esther231
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Posted 22 January 2007 - 03:35 PM
Good to see you, Denleo.
Always appreciate your view on the market.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells
#7
denleo
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Posted 22 January 2007 - 03:49 PM
Thank you everybody. Nice to be back.
There was nothing new to post. Market character has not changed much from several months ago.
Short-term trading could be done both ways, but longer-term positions still should be done on a long side only.
Denleo
#9
Rogerdodger
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Posted 22 January 2007 - 04:05 PM
Good to see you, Denleo.
Always appreciate your view on the market.
ditto.
I actually was thinking about you this weekend and wondering if you were still doing the overnight trade.
"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'.
#10
pdx5
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I want return OF my money more than return ON my money
Posted 22 January 2007 - 05:36 PM
Short-term trading could be done both ways, but longer-term positions still should be done on a long side only.
No kidding
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
