some may think this market is a short setup
I bet friday's lows are it for a few days
good close here
iffy to be short past Fri in my op
see the displaced 3 ema bullish crossover last week above the 5day sma for SPX...a buy to cover signal on that crossover..on the daily, tho' the 13 min and 60min are where the timely signals are
just an op
Started by
hiker
, Jul 02 2007 03:02 PM
2 replies to this topic
#1
Posted 02 July 2007 - 03:02 PM
#2
Posted 02 July 2007 - 03:31 PM
I do have the ED of a 5th on the Q's at 48.50 that could possibly top out the market....unusual to have the Q's make a new high with SPX diverging but with the weight of the financials now in spx...it could possibly happen....
Compq really is showing relative strength against SPX.... I wonder if there was a time in history where is was showing relative strength near a top with spx diverging?
TODAY:
Click Here to see Full Sized Image
THAT OTHER TIME:
Click Here to see Full Sized Image
Compq really is showing relative strength against SPX.... I wonder if there was a time in history where is was showing relative strength near a top with spx diverging?
TODAY:
Click Here to see Full Sized Image
THAT OTHER TIME:
Click Here to see Full Sized Image
Edited by Teaparty, 02 July 2007 - 03:31 PM.
#3
Posted 03 July 2007 - 10:01 AM
Dealers are borrowing like nuts... abnormal, they really do not want or think the prices should go down, imho...
Fed is not injecting more money, but these guys still have access to a lot of liquidity through Fed...
Anyhow, they would not be borrowing unless they see some sort of a potential sell off or discounting activity, I think the prices will retreat, but not as much as the bears would hope, perhaps the gaps will be closed from Monday only in the days ahead...
- kisa
Securities Lending Transaction Volume
Fed is not injecting more money, but these guys still have access to a lot of liquidity through Fed...
Anyhow, they would not be borrowing unless they see some sort of a potential sell off or discounting activity, I think the prices will retreat, but not as much as the bears would hope, perhaps the gaps will be closed from Monday only in the days ahead...
- kisa