8 replies to this topic

[denleo]

I guarantee you that the market is going to go up this week. For several days we have been testing 1410 - 1416 on SPX cash just about every day. Even bears finally learned that this doesn't work. What is the point of testing this level so many times? We will buy it anyway. We already had our correction for 2007. My indicators are on buy signals. Internals are great. Even cycles, fractals and sentiment (I don't know much about them) are positive for this week. Seasonality is positive. Foreign markets are leading. How many more bad news do you need to realize that this is a buying opportunity? Fed is on our side. Oil is leading just like it has throughout this bull market. SMH is lagging just like it has throughout this bull market. We will not see 1410 again. Denleo

[nimblebear]

So then is anyone short here ?

[SemiBizz]

Well, that's the bullish picture. The bearish picture is that we're going back to May '06 and test SPX 1254. I can see either outcome, or even both. No I'm not ready to say that the 2007 lows are in. I studied some Aprils for the past 5 or 6 years. Seems to me like we'll have our answer directly. April seems to be a month that for the most part has trending tendencies, with trend changes made on V's and V Reversals, rather than sideways rounded moves. There's a good possibility of a high volume outside day tomorrow or Wednesday. If the bullish trend materializes (and that's what I expect short term), I will be buying semiconductors, not oil stocks.

This chart here has VERY bearish implications...

http://bigcharts.mar...&mocktick=1.gif

Edited by SemiBizz, 02 April 2007 - 04:33 PM.

[denleo]

So then is anyone short here ?

Oh, I am sure there are some permanent bears who are short. They are going to lose money tomorrow.

Denleo

[selecto]

I am not a permanent bear, but prefer trading short, which I am. I can guarantee you that no matter what happens tomorrow, I will not lose money.

[atlasshrugged]

So then is anyone short here ?

Oh, I am sure there are some permanent bears who are short. They are going to lose money tomorrow.

Denleo

I will bank roll you on your guarantee!!!

[arbman]

Denleo, the closing indications show that the open interest in options FELL from Friday. It fell faster in the put contracts than the call contracts. There is now more net long call contracts or bullish speculation remaining. This is very bearish given the leadership since the put support is also eroding, this is outright depleting liquidity. You would expect an overall increase in the open interest and actually a faster increase in the net call contracts... - kisa

Edited by kisacik, 02 April 2007 - 06:45 PM.

[Russ]

No doubt there is zero risk this time too. Get real.

[Bandit]

So then is anyone short here ?

Oh, I am sure there are some permanent bears who are short. They are going to lose money tomorrow.

Denleo

Great calls--Denleo!! Keep em coming!! I love it when the bears get all stirred up from your bullish calls & then at other times -- The Bulls get all stirred up from your bearish calls.

Bandit