6 replies to this topic

[OEXCHAOS]

This time at 154900. Loose stop. Shooting for 153900, subject to review. I'll be out pretty quick if I don't see volume come in on the down side or if it does come in on the upside. This is trade two today. Mark Arms is rising. This could be a sign of more weakness to come. We'll see. Mark

[SemiBizz]

My signals said to cover this morning and so I did... sold QID 46.15. Not sure what you guys see, but I see The old guard, MSFT, INTC, GE smoking here... making new highs on MSFT and GE. As long as 2618 holds ( 1/3/01) The montly high from Jan 01 all time high is in play... 2891.

[OEXCHAOS]

We got within $0.50 of my target and rallied and I saw some volume, so I covered this am, but then I had a volume target above and some decent resistance, plus un-met lower targets, so I figured I'd go for it again. So far, so good. I'm about to start snuggin' though. Mark

[OEXCHAOS]

We're gone for a buck and 1/2 profit. I really lost my taste for this market without any downside volume. I'm not saying it looks higher, I just don't like the lack of heavy odds in my favor. Mark P.S. Only got 4 points on the day, but it's 4 points I didn't have when I got up. M

[deacon]

SPX p/c around 4.0 again today, which coupled with the record short interest reported gives plenty of rocket fuel to the bulls

seemingly the only way to get the market down into these same stats that have been ongoing since last march, would be an outside event, like a mid-east war eruption or successful terror event over here

bear case right now: SPX doesn't usually react well to these narrow range flags, and COMPX could set up an island top with a good gap down

COMPX finally approaching the .382 fib of 1108.5-5132.5 = 2646

http://www.traderins...gger/index.html

[relax]

also we have a 1.618 area around 2.635 (don't have the exact levels now)

1.618 of the february drop from 2.531 to march low

SPX p/c around 4.0 again today, which coupled with the record short interest reported gives plenty of rocket fuel to the bulls

seemingly the only way to get the market down into these same stats that have been ongoing since last march, would be an outside event, like a mid-east war eruption or successful terror event over here

bear case right now: SPX doesn't usually react well to these narrow range flags, and COMPX could set up an island top with a good gap down

COMPX finally approaching the .382 fib of 1108.5-5132.5 = 2646

http://www.traderins...gger/index.html

[OEXCHAOS]

Deacon, the SPX nominal P/C has been high before. Like right before the swoon in Feb. I don't like using that as a contrary Indicator.

Mark

SPX p/c around 4.0 again today, which coupled with the record short interest reported gives plenty of rocket fuel to the bulls

seemingly the only way to get the market down into these same stats that have been ongoing since last march, would be an outside event, like a mid-east war eruption or successful terror event over here

bear case right now: SPX doesn't usually react well to these narrow range flags, and COMPX could set up an island top with a good gap down

COMPX finally approaching the .382 fib of 1108.5-5132.5 = 2646

http://www.traderins...gger/index.html