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I do not believe in further rally today in averages


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#1 hiker

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Posted 27 June 2007 - 12:35 PM

sold ES longs from late yest, overnight, and early today in the last hour or so. too much trading today to post everything real-time will see what happens at close

#2 NAV

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Posted 27 June 2007 - 12:54 PM

hiker, Any particular reason ?

Edited by NAV, 27 June 2007 - 12:54 PM.

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#3 kamakazeman

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Posted 27 June 2007 - 01:04 PM

sold ES longs from late yest, overnight, and early today in the last hour or so.

too much trading today to post everything real-time

will see what happens at close



Looks like nobody is getting it right today?
I started out with nothing, and, I have most of it left.........

#4 hiker

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Posted 27 June 2007 - 01:07 PM

NAV - I will be proven wrong in my "hunch" if 1497to 1499/1500 spx cash is taken out by the close. hunch only...btw, an interesting quant study shows 11 of 11 cases spx is +3% higher 3 weeks out with the variables of today ahead of the FOMC release and other variables..other variables are proprietary btw, all but 11 of 45 energy related names are now green.

Edited by hiker, 27 June 2007 - 01:11 PM.


#5 arbman

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Posted 27 June 2007 - 01:20 PM

I hope the last hour sells off, I am getting pretty strong short term bottom indications now. I like the sector leadership and market cap line up for a mini rally at least...

#6 hiker

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Posted 27 June 2007 - 01:57 PM

call me stupid if you like..I shorted this latest ES spike high with a tight stop...I am expecting to be stoppe out, so we shall see. missed out on several points to the upside by selling longs early made up for it finding the nearby 6.27 prior tail entry today for DNDN, and getting out near 7.50 horizontal on the move up today..had been flat DNDN for a very long time until today approach of t6.27 tail closed all uraniums longs entered yest, incl DNN posted here..12.21 high of day so far..will look for reentry

Edited by hiker, 27 June 2007 - 01:59 PM.


#7 SemiBizz

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Posted 27 June 2007 - 02:05 PM

I'd NEVER call u stupid Hiker...



Here's what I'm looking at... 45.69 on QID. Bullish Spring setup off the test of 6/21 high volume low...small position only.



http://bigcharts.mar...&mocktick=1.gif
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#8 hiker

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Posted 27 June 2007 - 02:09 PM

looks like ES attempting a breakout above descending channel on 5 minute

#9 SemiBizz

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Posted 27 June 2007 - 02:29 PM

There is so much euphoria for the mild volume hard not to get extremely bearish on this close....
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 swanstkdh

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Posted 27 June 2007 - 03:00 PM

I never thought I would say this but it is going to be a fun correction when it starts.