new highs?
Started by
beardown
, Jun 11 2007 12:25 PM
3 replies to this topic
#1
beardown
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- Traders-Talk User
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Posted 11 June 2007 - 12:25 PM
like i said last week anything could happen from new highs to a crash or both it`s expiration!
#2
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 11 June 2007 - 12:29 PM
We've got 5 up off the lows....it's a question of if it's an A wave or 1 wave of a 5 we are in.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=3&dy=8&i=p59459611856&a=93045759&r=1972.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=3&dy=8&i=p59459611856&a=93045759&r=1972.png
#3
redfoliage2
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Posted 11 June 2007 - 12:31 PM
The problem is there are too many shorts.like i said last week anything could happen from new highs to a crash or both it`s expiration!
Edited by redfoliage2, 11 June 2007 - 12:36 PM.
#4
relax
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- Traders-Talk User
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Posted 11 June 2007 - 12:38 PM
exactly the high number of shorts and their nervousness is what could provide new highs
But really the market has no goal at the moment - nothing to strive for
only the realisation that rates at some point in 2008 need to be raised
But really the market has no goal at the moment - nothing to strive for
only the realisation that rates at some point in 2008 need to be raised
The problem is too many shorts.like i said last week anything could happen from new highs to a crash or both it`s expiration!
