Gap-up
#1
Posted 11 May 2007 - 08:44 AM
#2
Posted 11 May 2007 - 08:52 AM
Mark S Young
Wall Street Sentiment
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#3
Posted 11 May 2007 - 08:55 AM
You're a trading animal! I'm not going to ask you when you sleep. Who can sleep!
Mark
Contrary to the perception i give, i sleep 2 hours during the day and 7 hours during the night. 9 hours is plenty of sleep for a 35 year old adult
#4
Posted 11 May 2007 - 09:26 AM
#5
Posted 11 May 2007 - 09:29 AM
Should start going down soon!
need to go in negative territory
As predicted at the close yesterday. Now the key intraday resistance is around YM 13320-325 area. If that's cleared, then a challenge of 13360 resistance. Either way, a countertrend bounce has begun. I have a 30% short from 13270. Will add as we move up.
#6
Posted 11 May 2007 - 09:39 AM
No short yet, this strength in RUT... supposed to be the weakest...
What strength ? RUT is weaker relative to both SPX and DOW.
#7
Posted 11 May 2007 - 09:52 AM
For RUT, it had a very good impulse at the opening...
http://ichart.financ...,^MID,^SML&.png
#8
Posted 11 May 2007 - 10:05 AM
Edited by NAV, 11 May 2007 - 10:09 AM.
#9
Posted 11 May 2007 - 10:56 AM
#10
Posted 11 May 2007 - 11:19 AM
Short squeeze is most likely over... The last spike that quickly reversed... Implied volatilities are also rising, tick is sharply reversing from an extreme, trin is healthy though, let's see how much downside there is left...
Kisa,
My biggest concern here is not the size of rally, but the fact that the 60-min trend has turned up. I was almost ready put my last 30% short, but i decided against it. My biggest losses in futures trading has come when i was short and the 60-min trend turned against me. If the trend turns down again, i can again reshort this in a heartbeat. For now, i am flat and watching.
Edited by NAV, 11 May 2007 - 11:20 AM.