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VXO says sell OEX


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#1 eminimee

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Posted 14 February 2007 - 10:52 AM

Will be short ES at 1462 if given the chance...or will short on 10 min sell signal. Will add to ES short if spx hits 1462 with stop on the lot at 1472.75

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http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=21&i=p39300587637&a=91722385&r=6141.png

#2 Frac_Man

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Posted 14 February 2007 - 11:13 AM

Right on Bro !





Will be short ES at 1462 if given the chance...or will short on 10 min sell signal. Will add to ES short if spx hits 1462 with stop on the lot at 1472.75

Posted Image

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=21&i=p39300587637&a=91722385&r=6141.png



#3 Cirrus

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Posted 14 February 2007 - 11:27 AM

I'm not so sure. We'll have to wait for the day's close but I would prefer to see the market makers bid up volatility premiums on a new high. This would give us a higher low on the VXO but we're not getting it. We are matching ATLs with the new market high. The market makers know where to set the premiums. I would like to see the OSX and XAU do well today at the close as a confirmation of future liquidity. I think this would be good news for the bulls as opposed to weak crude prices and lower gold and XAU levels. It's a very difficult market and many index divergences that Indextrader pointed out over the past few weeks have worked themselves out or are working themselves out. While on the one hand the historial spike in the OEX P/C ratios is very troublesome most other things directly tied to price and internals are OK here. Sure, there are several IT sentiment gauges flashing huge warning signs but prices keep moving higher. Tough market to feel comfortable on the long side but that's how bull markets work.