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reversal here?


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#1 dcengr

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Posted 14 February 2007 - 01:40 PM

Pivots are Qs 44.40, then I believe gap fill, perhaps tomorrow. Momentum is waning nicely, and I believe this NDX 1800-1810 test I was expecting is about to fail. I don't think it will hold at these levels for a long time like it did last time, mainly because of who the buyers were. 10 mins, break of Qs 44.50 may signal the start of reversal. All BS ofcourse.
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#2 redfoliage2

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Posted 14 February 2007 - 01:49 PM

Pivots are Qs 44.40, then I believe gap fill, perhaps tomorrow. Momentum is waning nicely, and I believe this NDX 1800-1810 test I was expecting is about to fail.

I don't think it will hold at these levels for a long time like it did last time, mainly because of who the buyers were.

10 mins, break of Qs 44.50 may signal the start of reversal.

All BS ofcourse.

With the Fed singing economy is fine while pumping liquidity like without tomorrow (see USD in big red), the bubble is only going to be bigger. Expect new highs near term. :lol:

Edited by redfoliage2, 14 February 2007 - 01:51 PM.


#3 dcengr

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Posted 14 February 2007 - 01:55 PM

I was looking at a triangle resolving.. looks like its breaking to the upside. No reversal today, it seems.
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#4 BigBadBear

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Posted 14 February 2007 - 02:19 PM

This is not even funny anymore. Its like bearish fundamentalism. The next decline is around every corner.

#5 arbman

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Posted 14 February 2007 - 03:03 PM

I was looking at a triangle resolving.. looks like its breaking to the upside.

No reversal today, it seems.


I think there will be another ramp up in the last hour according to this pull back to 3:00pm...

- kisa

#6 dcengr

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Posted 14 February 2007 - 03:08 PM

I was looking at a triangle resolving.. looks like its breaking to the upside.

No reversal today, it seems.


I think there will be another ramp up in the last hour according to this pull back to 3:00pm...

- kisa


I tend to agree.. momentum's slowed, but its turned into supporting price. Could be another thrust up tomorrow. That unfilled gap is scaring the crap out of bears at the moment.
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#7 arbman

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Posted 14 February 2007 - 03:34 PM

The implied volatilites rose the whole day after the morning decline, the small caps lagged. The tech generally rallied to the resistance of the past 2 wks and stalled. The last hour doesn't look impressive (so far). The commodities are ready to sell, implying drying liquidity with the rally in the bonds, yet the Fed is stuck until the USD finds a bottom. The OEX P/C is again off the charts despite the rally, there appears to be some capitulation by the bears side though. Despite the high P/C ratios, there is no substantial commitement by the bears since the open interest is not showing substantial differential in between the calls and the puts for the past week. This seems to be the opposite of the Dec's option week rally where the last minute surprise came to the upside on Thu and Fri, while I expect the last minute surprise to come to the downside later this week. We'll see, nothing might happen... - kisa