Edited by NAV, 12 June 2007 - 12:54 PM.
Another probe...
Started by
NAV
, Jun 12 2007 12:52 PM
6 replies to this topic
#1
Posted 12 June 2007 - 12:52 PM
Buying QQQQ puts here around 46.90. Mental stop 47.14. If the market has real strength, it should bust thru my stops with ease.
#2
Posted 12 June 2007 - 12:53 PM
watch bonds, they are way extended, a snapback will get mkt really rocking up
#3
Posted 12 June 2007 - 12:55 PM
watch bonds, they are way extended, a snapback will get mkt really rocking up
That's why i use stops
#4
Posted 12 June 2007 - 01:08 PM
It is absolutely amazing how this market turns green with 2 to 1 negative AD and MCO at -184 and summations making lower lows on daily charts
#5
Posted 12 June 2007 - 01:12 PM
I currently don't have any doubt that this Market is headed for new highs. The covering bears and high 10-day CPC Put/Call Ratio and AAII Sentiment shows their is a significant amount of cash or shorts on the sidelines. With that said as the 10-day MA of CPC Put/Call Ratio increases and 10-day OEX Put/Call Ratio decreases it only puts more juice in taking this market higher.
With the decrease in the price of gas, and the positive yield curve the underlying economy is now improving, at least in the short term.
Barry
#6
Posted 12 June 2007 - 01:15 PM
It is absolutely amazing how this market turns green with 2 to 1 negative AD and MCO at -184 and summations making lower lows on daily charts
2:1 negative breadth ? Where do you get your numbers from ?. It was 4:1 negative, since morning.
Anyway seen this circus before.
It's called
SMALL CHANGE ON MCOs
It's also called
LEAVE NO STOPS UNTOUCHED
#7
Posted 12 June 2007 - 01:55 PM
watch bonds, they are way extended, a snapback will get mkt really rocking up
Now that over-extended bonds are extending further