6 replies to this topic

[A-ha]

that will likely be a one day event.... I will be closing all ETFs when we take out yesterday's low on Nas

Edited by xD&Cox, 07 March 2007 - 11:15 PM.

[greenie]

Why this sudden selloff??? I thought you were expecting some more upside tomorrow. Also, I thought you covered all ETFs this afternoon. Thx, G.

Edited by greenie, 08 March 2007 - 01:49 AM.

[wallofworry]

I see a gap and go for Wednesday

[A-ha]

I started covering near the close, I expect more weakness today.

Volume totally dried yesterday, S&P was near the top line in the afternoon. (SPY 141 area)

Obviously we are going to gap up around that level today due to the strength in asia... That will make the sell off worse.

read this, it is hilarious

Edited by xD&Cox, 08 March 2007 - 04:45 AM.

[BearItch]

I started covering near the close, I expect more weakness today.

Volume totally dried yesterday, S&P was near the top line in the afternoon. (SPY 141 area)

Obviously we are going to gap up around that level today due to the strength in asia... That will make the sell off worse.

read this, it is hilarious

X -- What do you see that suggests a sell-off in the face of these frisky futures? You seem to welcome the excitement.

[A-ha]

1- Get a 4-year chart of S&P500. Connect the highs of 2004, 05 and 06, you will see S&P is broken Today's gap up will nearly test that broken top line. We can say the same for Nasdaq 2400 level 2- Also volume dried, there is no buyers as we go higher. 3- Positive internal spikes in a severe downtrend associated with collapsing intermediate term internals tend to be sucker rallies

[Russ]

I am using tradestation with fixed point drawing, no matter how those lines are drawn on daily,weekly or monthly todays action is above those top lines - as was the action of two days ago.

1- Get a 4-year chart of S&P500. Connect the highs of 2004, 05 and 06, you will see S&P is broken

Today's gap up will nearly test that broken top line. We can say the same for Nasdaq 2400 level



2- Also volume dried, there is no buyers as we go higher.


3- Positive internal spikes in a severe downtrend associated with collapsing intermediate term internals tend to be sucker rallies