Many are shorting the gap up. Breath over the past 3 days is d hook
#1
Posted 20 April 2007 - 08:45 AM
#3
Posted 20 April 2007 - 09:30 AM
#4
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
klh
#5
Posted 20 April 2007 - 09:58 AM
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#6
Posted 20 April 2007 - 10:46 AM
Edited by beta, 20 April 2007 - 10:47 AM.
#7
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
klh
#8
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).