The NDX, SPX and RUT are all pegged right at yearly highs and have been on the daily charts for a few days. We are also nearing the EOQ. To expect a major down move here defies the past three year nature of this market. I'm not saying it can't or won't happen--it just might. If I were a betting man I would say the odds are against a decline before EOQ.
Down...Now?
Started by
Cirrus
, Jun 20 2007 09:41 AM
5 replies to this topic
#2
skyymaster
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Posted 20 June 2007 - 10:30 AM
The NDX, SPX and RUT are all pegged right at yearly highs and have been on the daily charts for a few days. We are also nearing the EOQ. To expect a major down move here defies the past three year nature of this market. I'm not saying it can't or won't happen--it just might. If I were a betting man I would say the odds are against a decline before EOQ.
I agree with you. I do not think we will see any sell down until July.
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#3
OEXCHAOS
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Mark S. Young
Posted 20 June 2007 - 10:42 AM
Probably down, then up for EOQ. Just to bag folks thinkin' it'll be too easy.
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#4
Cirrus
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Posted 20 June 2007 - 10:55 AM
Probably down, then up for EOQ. Just to bag folks thinkin' it'll be too easy.
You could nail this one too. You've had a nice feel for things, especially recently
#5
OEXCHAOS
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Mark S. Young
Posted 20 June 2007 - 11:27 AM
Tryin' to think like a criminal. 
Actually trying to figure out how folks are leaning. There are still plenty of Bears, but there are more Bulls than many think, with more exposure. That's a prescription for "planned volatility".
Mark
Actually trying to figure out how folks are leaning. There are still plenty of Bears, but there are more Bulls than many think, with more exposure. That's a prescription for "planned volatility".
Mark
Mark S Young
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#6
relax
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Posted 20 June 2007 - 11:58 AM
What do statistics show regarding EOQ - usually up?
Besides that I think there is far too much "drama" regarding this week - no big data, so da boyz are having some vacation
beginning of next week could be negative and then as you say up for EOQ (maybe thursday and friday)
It's clear that both bulls and bears have no fuel to push in one direction
I see it somewhat negative for the bulls, as previously they have not needed fuel to create big moves up
germany was as close to high of 2000 as it has been this year - pulled back as the US open was weak
we have double top setups in so many countries
Besides that I think there is far too much "drama" regarding this week - no big data, so da boyz are having some vacation
beginning of next week could be negative and then as you say up for EOQ (maybe thursday and friday)
It's clear that both bulls and bears have no fuel to push in one direction
I see it somewhat negative for the bulls, as previously they have not needed fuel to create big moves up
germany was as close to high of 2000 as it has been this year - pulled back as the US open was weak
we have double top setups in so many countries
Tryin' to think like a criminal.
Actually trying to figure out how folks are leaning. There are still plenty of Bears, but there are more Bulls than many think, with more exposure. That's a prescription for "planned volatility".
Mark
