A daily close below 1410 on SPX is bearish. Everthing else is just noise.
Denleo
SPX 1410
Started by
denleo
, Mar 29 2007 01:06 PM
5 replies to this topic
#2
dcengr
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Posted 29 March 2007 - 01:10 PM
A daily close below 1410 on SPX is bearish. Everthing else is just noise.
Denleo
Is that cash or futures?
Qui custodiet ipsos custodes?
#4
dcengr
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Posted 29 March 2007 - 01:22 PM
SPX = cash.
I think you went fully long around SPX 1430.. so 1410 would be the stop on that position?
Qui custodiet ipsos custodes?
#5
arbman
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Posted 29 March 2007 - 01:30 PM
Denleo, I would describe this market as "there is no or little growth at a market top", I can describe your logic as "you are betting on the inflation to support the indices and the Fed doesn't want it"...
#6
denleo
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Posted 29 March 2007 - 01:51 PM
I am betting on Government stupidity. LIQUIDITY!!! Print and keep printing. That has been the name of the game and will continue to be. Disregard the future. Prop things now. This is my bet.
Denleo
