9 replies to this topic

[NAV]

Yesterday

Looks like the nocturnal beasts are going to have a sucessful gap-up today. But that's a gap-up which is very likely to get filled. Here's what is more important for today. If we fail to take out ES 1498 by 10:30 EST, then it's VST bullish and a rally to challenge the 1536-38 resistance.

Today

ES 1534 was tagged ATH. Close enough for government work. Many were disbeleivers when i called for a rally yesterday. Now we may or may not get ES 1536. If we do get, i will add to the shorts. I already have QQQQ shorts from yesterday's close. Today's ugliness will be a shocker for many IMHO.

Good luck everyone !

[OEXCHAOS]

Well, nothing will shock me, save, perhaps, a big rally. Those lows are going to be tested however. It's not a matter of if, but when. We're short IT, and may add. I will be looking both ways today, depending upon volume. Sentiment is not much help right now. Mark

[selecto]

My price momentum stuph this morning suggest we advance thru Friday/Monday which will end this leg. FWIW/FF

[Tor]

Good luck NAV.

I posted this last night.

Will see!

http://www.traders-t...showtopic=71386

Personally I stand aside for now, getting too choppy.

Edited by Tor, 14 June 2007 - 08:04 AM.

[redfoliage2]

Well, nothing will shock me, save, perhaps, a big rally.

Those lows are going to be tested however. It's not a matter of if, but when.

We're short IT, and may add. I will be looking both ways today, depending upon volume. Sentiment is not much help right now.

Mark

To the surprise of many PPI appears a non-event today and market is running on its own schedule.

[rkd80]

Doubt there will be any shocks/surprises da boys seem to be quite focused on destroying as much premium as possible. Given the massive put spreads on oex/iwm/spx etc it would seem almost natural that they push this market down today and destroy the calls after they buried the puts yesterday. Seems like Tor's actions are prudent for now, although adding shorts for next week is on my primary agenda.

Well, nothing will shock me, save, perhaps, a big rally.

Those lows are going to be tested however. It's not a matter of if, but when.

We're short IT, and may add. I will be looking both ways today, depending upon volume. Sentiment is not much help right now.

Mark

To the surprise of many PPI appears a non-event today and market is running on its own schedule.

[tradercw]

I am new to this board and appreciate the contributions from all. Momentum and price action analysis is indicating that the SPX is at or near a ST top. Don't see any significant up move. Could see 1-3 flat days then more down. Oil is looking more bullish, so could contribute to downside SPX action. Chuck

[Russ]

could go for the gap at 1549 or so.

[OEXCHAOS]

Still too much upside volume and well, not downside. I've got to see more selling volume to trade ST short. M

[tradercw]

Maybe I am off by 1 day. If no drop this afternoon, then tomorrow is probably the ST top. Oil is moving up nicely. If the SPX moves above 1523 cash (current resistance level), then new highs are expected and I wait for another signal. Maybe I am off by 1 day. If no drop this afternoon, then tomorrow is probably the ST top. Oil is moving up nicely. If the SPX moves above 1523 cash (current resistance level), then new highs are expected and I wait for another signal.