Gap, Crap and Snap
#1
Posted 07 May 2007 - 04:40 AM
#2
Posted 07 May 2007 - 05:15 AM
#3
Posted 07 May 2007 - 05:36 AM
Their was NO gap on Friday. The premarket gap was entirely reversed BEFORE the open.
....Unless you call 1 single S&P point a gap of importance..worthy of a gap and crap forecast ? We have these tiny gap n downs almost everyday so what is your point ?
Thursday's ES close was 1508. Post empolyment high tick was 1517. Someone who was holding ES shorts would probably be humming tunes with 9 points against them, cuz that ain't any gap. And those who were long certainly woudn't have relished that 9 points either. And those trading SPY or QQQQ did not see a gap either ! !
Edited by NAV, 07 May 2007 - 05:39 AM.
#4
Posted 07 May 2007 - 05:54 AM
Edited by BigBadBear, 07 May 2007 - 05:55 AM.
#5
Posted 07 May 2007 - 06:06 AM
Listen, all of what you said is "pretrading". Their are 9 point ranges in pretrading all the time
Their was NO gap up on Friday
Look, if you beleive that there was no gap-up, i am not here to convince you. The cash markets also did not gap-up
Edited by NAV, 07 May 2007 - 06:10 AM.
#6
Posted 07 May 2007 - 06:51 AM
#7
Posted 07 May 2007 - 07:02 AM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#8
Posted 07 May 2007 - 07:11 AM
http://stockcharts.c...&...3189&r=6339
http://stockcharts.c...p...21025&r=180
http://stockcharts.c...p...7829&r=6139
Edited by redfoliage2, 07 May 2007 - 07:12 AM.
#9
Posted 07 May 2007 - 07:25 AM
Nav do you expect that fridays highs will NOT be exceeded before es reaches your 1493 target?
Russ,
Yes. That's my expectation at this point.
#10
Posted 07 May 2007 - 07:38 AM
Edited by NAV, 07 May 2007 - 07:38 AM.