7 replies to this topic

[VolPivots]

smart or dumb money?

[OEXCHAOS]

Usually smart, but they're gonna pucker a might this morning, I fear. Actually, there's good reason to look for a low at the early cut-off. I'm not sure I'll buy it, but I might. Mark

[BigBadBear]

I have already bought it. Why not. I have no doubt that we will close up close to 100DOWpoints today. P.S. This is a hell of a gift by the bull gods, but I am sure the bears will be be highfiving when we are down 100points[if we get their], and most imporantly hey will shorting their pants off. They will of course be maximum short just b4 the scorch

Edited by BigBadBear, 27 June 2007 - 07:23 AM.

[rkd80]

mark,

what would be a target this morning that might prompt you to buy?

I have already bought it. Why not. I have no doubt that we will close up close to 100DOWpoints today.

P.S. This is a hell of a gift by the bull gods, but I am sure the bears will be be highfiving when we are down 100points[if we get their], and most imporantly hey will shorting their pants off.

They will of course be maximum short just b4 the scorch

Edited by rkd80, 27 June 2007 - 07:25 AM.

[OEXCHAOS]

To BBB:

Well, in for a penny, in for a pound.

Still, you've been buying all the way down, haven't you? What makes you think this time will be different?

I'd say that 10:30 might be the time to nibble.

Maybe.

To rkd:

mark,

what would be a target this morning that might prompt you to buy?

I have already bought it. Why not. I have no doubt that we will close up close to 100DOWpoints today.

P.S. This is a hell of a gift by the bull gods, but I am sure the bears will be be highfiving when we are down 100points[if we get their], and most imporantly hey will shorting their pants off.

They will of course be maximum short just b4 the scorch

I'm flying blind here at the moment. I dont' have any more downside targets. We're there.

So, I think we watch for signs of a turn or something to lower risk and nibble for a bounce.

The low's probably not in, however.

[VolPivots]

thx mark.....fwiw I have 1480ish support (only support if it holds ) on the cash index. we just ~ tagged it in the futures

[jjc]

thx mark.....fwiw I have 1480ish support (only support if it holds ) on the cash index. we just ~ tagged it in the futures

The history of action around the FED meeting would hint at a strongish opening; Distribition again
around 10:30 w/ a revisit of the lows in the afternoon.

When I get a chance (later today) I'll post a chart with price overlays from the last x meetings for tomorrows
trading.

[Mr Dev]

smart or dumb money?

Very smart....meaning they usually get paid ,..but that doesn't mean you can't benefit from what they'll do next.