market thoughts
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VXN and Nasdaq climb together
Started by
A-ha
, Feb 15 2007 10:58 AM
2 replies to this topic
#2
arbman
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- Traders-Talk User
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Quant
Posted 15 February 2007 - 12:18 PM
... and the intraday equity P/C declined to 0.53, it seems to me the conditionning is complete...
#3
qqqqtrdr
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- Traders-Talk User
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Member
Posted 15 February 2007 - 12:26 PM
It appears we are looking at a top here at the moment. I haven't seen any momentum yet to the downside to convince me that we will head down big time from here. However, with that said, as long as volatility stays low week to week and shoots lower on any rally jump from lows it is more likely we will break down lower.
With that said, I hope we break down lower through next week. The best time to build a base to go higher will be the 26th of Feb - March 7, as mutual fund money gets put in the market ( early or late ). I'm in a 2.5X Nasdaq short fund, and have been for 3 days. Let's see what happens.
Barry
