Maybe a Bottom
Started by
Frac_Man
, Jun 06 2007 12:39 PM
6 replies to this topic
#1
Frac_Man
-
- Traders-Talk User
- 1,458 posts
Hank Wernicki M.A.
#2
Mtrader
-
- Traders-Talk User
- 1,221 posts
Member
Posted 06 June 2007 - 12:43 PM
Buy buy buy
You are on your own. This is for demonstration only.
JV
JV
#3
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 06 June 2007 - 01:00 PM
2pm is approaching... only more deterioration so far... Not good, it might accelerate around 2pm... kind of an important intraday point...
2:00pm: seems like it bottomed for the day, at least for futures...
#4
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 06 June 2007 - 01:22 PM
Nope... more short (in the hedge sense). It is getting closer to a trend change now...
2:20pm: it looks like it is changing the trend (intraday), possibly more downside left for tomorrow morning though...
Edited by kisacik, 06 June 2007 - 01:29 PM.
#5
thespookyone
-
- Traders-Talk User
- 6,043 posts
Member
Posted 06 June 2007 - 01:29 PM
A bottom for how long? And in what sense?
#6
jjc
-
- Traders-Talk User
- 2,886 posts
Member
Posted 06 June 2007 - 01:32 PM
A bottom for how long? And in what sense?
IMVVHO: You can expect it at least to trade thru it's c pivot for the day.
#7
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 06 June 2007 - 01:43 PM
This is a dangerous market due to the deterioration in the momentum and internals, it can easily accelerate lower although there is no credit risk implied in the spreads yet. The spreads are at the record lows and they also call for a correction though. I've seen enough distribution leading up to here in the tick to warrant much caution. The lows might get retested or lower for tomorrow, but any highs made over the next 4-6 session will not last for too long either, imho. So, I am switching more to the short the rallies and do not get caught in a squeeze camp at the moment. I am an IT trader, so my intraday comments are kind of for the hedging purposes...
