Many are shorting the gap up. Breath over the past 3 days is d hook
Started by
BigBadBear
, Apr 20 2007 08:45 AM
7 replies to this topic
#1
BigBadBear
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Posted 20 April 2007 - 08:45 AM
Monday should be a blow off day up another 150points. The breath over the past 3 days was the hook
#2
BigBadBear
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#3
denleo
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Posted 20 April 2007 - 09:30 AM
"Many are shorting the gap up"
Who are those many?
Denleo
#4
dasein
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Posted 20 April 2007 - 09:47 AM
aw, cmon Denis,"Many are shorting the gap up"
Who are those many?
Denleo
take a look at the various message boards, there a lot of folks shorting the gap, even some advisors. Cant give you names.
I think they will eventualy be right, but it is conservative to wait for a confirmation, which hasnt happened yet, but we might even get one today or Monday.
karen
best,
klh
klh
#5
OEXCHAOS
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Mark S. Young
Posted 20 April 2007 - 09:58 AM
I'm thinking higher too, but the ARMS is making me nervous.
Today, it goes where it will. It's expiration. A lot higher, no higher, a bit lower. Just not a lot lower.
Mark
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#6
beta
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lasergirl
Posted 20 April 2007 - 10:46 AM
We are going up on volume. On track to close > 3M shares on NYSE.
If we close positive on heavy volume, this will signal a true breakout at these levels IMO. Does not mean we cannot pullback to SPX 1330 levels within the rising channel, but any scary pullbacks SHOULD be bought because market will go higher sometime this year.
If these conditions hold, the game will be BUY ALL PULLBACKS. Weekly/daily price and volume on today's close are key.
Edited by beta, 20 April 2007 - 10:47 AM.
"Daytrading -- An Extreme Sport !"
#7
dasein
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Posted 20 April 2007 - 11:47 AM
I think it could also mean a high volume distribution day at the top.If we close positive on heavy volume, this will signal a true breakout at these levels IMO.
If these conditions hold, the game will be BUY ALL PULLBACKS. Weekly/daily price and volume on today's close are key.
the game hs already been BUY ALL PULLBACKS. it might be time to mix it up a bit, dont you think?
just some ideas, please dont flame me <G>
klh
best,
klh
klh
#8
beta
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lasergirl
Posted 20 April 2007 - 12:33 PM
I think it could also mean a high volume distribution day at the top.If we close positive on heavy volume, this will signal a true breakout at these levels IMO.
If these conditions hold, the game will be BUY ALL PULLBACKS. Weekly/daily price and volume on today's close are key.
the game hs already been BUY ALL PULLBACKS. it might be time to mix it up a bit, dont you think?
just some ideas, please dont flame me <G>
klh
Actually, I agree with you. Shorter-term, it could very well pullback --as mentioned above-- all the way to SPX 1330 from here. Im just thinking that a high-volume penetration of the prior highs at these levels could imply higher prices in the intermediate-term (3-6 months out).
"Daytrading -- An Extreme Sport !"
