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Dead Market


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#1 arbman

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Posted 29 June 2007 - 11:17 AM

Go take sometime off, everybody is going away. The positions are already filled. The Fed day had less volume than the previous two days and there is nothing but last minute EOQ adjustments... I will show up on Tuesday noon or so and sell short some for a post 4th adjustment, some of these EOQ mark ups will come down when they get back from vacation at the liquidity void. If it doesn't break down fairly severely on Thu-Fri of next week with all these diamond like formations, I expect higher into early July... Just like the market that ran out of ST time and price targets this week, the market is now running out of IT time and (downside) price targets as we speak, the IT cycles will start to turn back up next month in my measures. I see the most downside risk at the end of July and Sep through the middle of Oct... Happy 4th... - kisa

#2 arbman

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Posted 29 June 2007 - 01:21 PM

Have I spoken too early??? :lol:

#3 arbman

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Posted 29 June 2007 - 02:56 PM

OK back to the dead market for the day! :lol: