stp is a print in the spx above 1436, most of the indices have made it to yesterdays open except for the ndx,
weekness in ndx is major sign of another leg down to commence shortly.
short es 1437
Started by
S.I.M.O.N.
, Jan 23 2007 01:08 PM
4 replies to this topic
#1
S.I.M.O.N.
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- Traders-Talk User
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SIMONForecast
Posted 23 January 2007 - 01:08 PM
*previously known as pnfwave
#2
maineman
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- Traders-Talk User
- 1,987 posts
maineman
Posted 23 January 2007 - 01:49 PM
Be careful. ADV issues is 2290 and DEC issues is only 995 on the NYSE. Its about 2:1 on the NAZ. In addition there's been a sudden surge in DOW index call options...
mm
Be careful. ADV issues is 2290 and DEC issues is only 995 on the NYSE. Its about 2:1 on the NAZ. In addition there's been a sudden surge in DOW index call options...
mm
#3
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 23 January 2007 - 01:52 PM
Being careful is having a stop....which he does.
#5
arbman
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- Traders-Talk User
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Quant
Posted 23 January 2007 - 02:43 PM
The volume is also picking up in this second decline a bit more, but still weaker than the morning volume, A/D is still not too bad, but I closed my morning longs right after the first decline, perhaps there will be a better buying opp. I didn't short anything new since I missed the intraday top --it wasn't in my mind anyway, it should bounce intraday before the close... The week is shaping up quite interesting, but if this range holds SPX 1450-1460 should happen before the Feb opex...
- kisa
