5 replies to this topic

[NAV]

Comments at

http://nav-ta.blogsp...l-at-close.html

[nimblebear]

nice looking blog.

[NAV]

nice looking blog.

Thanks. I have been maintaining this blog since 2005, although i don't update it as frequently as i would like.

[arbman]

NAV, I am also planning to sell a bounce, but the close really looks like an early capitulation with the much higher volume, quite extreme A/D and tick (intraday), diverging implied volatilities and futures premiums into the close, moderately bearish speculation in options, yet it is still a higher low. This might be an early a-b-c pattern of a wave-a...

[NAV]

[quote name='kisacik' date='May 11 2007, 12:56 AM' post='287675']
NAV, I am also planning to sell a bounce, but the close really looks like an early capitulation with the much higher volume, quite extreme A/D and tick (intraday), diverging implied volatilities and futures premiums into the close, moderately bearish speculation in options, yet it is still a higher low. This might be an early a-b-c pattern of a wave-a...
[/quote

Kisa,

Sounds reasonable. A countertrend bounce should be expected anytime here.

[dasein]

Bounce in bonds and euro look like they are forming, to support a countertrend bounce. klh