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I don't trust this upmove


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#1 NAV

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Posted 13 April 2007 - 08:55 AM

Max upside in the VST is ES 1462. Horrible risk/reward here to go long. Another good shorting opportunity should be forthcoming. Stay tuned...

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#2 .Blizzard

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Posted 13 April 2007 - 09:09 AM

UMich 12-month inflation expectations 3.3% vs. 3.0%
10:02 AM ET, Apr 13, 2007 - 5 minutes ago
April Reuters/UMich consumer sentiment 85.3 vs 87.0 expected
10:01 AM ET, Apr 13, 2007 - 6 minutes ago
 
 
 


#3 hiker

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Posted 13 April 2007 - 09:18 AM

I went fully short futures near the open. good call NAV.

#4 selecto

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Posted 13 April 2007 - 09:22 AM

Long QID at 9:58 AM. I'm going car shopping later.

#5 NAV

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Posted 13 April 2007 - 09:26 AM

What we are seeing is not a breakout structure, both in terms of price pattern and internals. Clue - Look at the series of lower lows on the NYSE MCO. In the VST, it's still not out of question to tag ES 1462, but not necessary.

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#6 selecto

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Posted 13 April 2007 - 09:30 AM

I have price momentum downward on both the 60 and daily cubes. Note also that despite price, NDX has put in 4 consecutive lower hghs and lows on the daily.

#7 xe2dy

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Posted 13 April 2007 - 09:36 AM

Long QID at 9:58 AM. I'm going car shopping later.


Added to QID about the same time.

http://stockcharts.c...0956&r=9220.png

VXN closing gap.


http://stockcharts.com/c-sc/sc?s=$VXN&p=5&yr=0&mn=0&dy=2&i=p78026523997&a=102304050&r=3923.png

#8 beardown

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Posted 13 April 2007 - 09:41 AM

going to wait to short dow 12700

#9 .Blizzard

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Posted 13 April 2007 - 09:49 AM

The DAX future just hit new highs..... +0.80% right now
 
 
 


#10 NAV

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Posted 13 April 2007 - 09:51 AM

Today is FRIDAY THE 13th.

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