Edited by NAV, 16 July 2007 - 09:18 AM.
Did not happen...
Started by
NAV
, Jul 16 2007 09:12 AM
19 replies to this topic
#1
NAV
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Posted 16 July 2007 - 09:12 AM
Was expecting a test of ES 1555, but did not happen and the momo is turning up. Long ES 1561.
#2
arbman
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Posted 16 July 2007 - 09:24 AM
Long for a quick day trade, right? The implied volatility and the market indices are rising in parallel now...
#3
OEXCHAOS
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Mark S. Young
Posted 16 July 2007 - 09:28 AM
We went long too. I'm not going to be patient, however.
A bit of volume came in, but not so much to make me comfortable.
I'm just figuring that they don't kill a market like this as quickly as one might think.
Mark
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#4
NAV
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Posted 16 July 2007 - 09:28 AM
Long for a quick day trade, right? The implied volatility and the market indices are rising in parallel now...
Yes, that's the plan.
#5
Rich
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Posted 16 July 2007 - 09:34 AM
We went long too. I'm not going to be patient, however.
A bit of volume came in, but not so much to make me comfortable.
I'm just figuring that they don't kill a market like this as quickly as one might think.
Mark
Did you close your short SPY positions?
Rich
#6
thespookyone
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Posted 16 July 2007 - 09:37 AM
Without a rinse=won't the hair get sticky prety fast> That's my take.
#7
arbman
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Posted 16 July 2007 - 09:40 AM
Going up on declining A/D and new highs two days in a row although the day is not over, but now also with the rising implied volatilities. I doubt that today will get much further away than flat...
#8
rkd80
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Posted 16 July 2007 - 09:48 AM
There is no doubt that this is a very narrow rally, but there is always a chance that we might be in the decennial pattern and entering a parabolic rush until end of July. Youmast can probably comment better as he follows these patterns, but it is certainly appearing that way for now.
We should finish down today and rest of week too in order to avoid the decennial pattern playing out.
As of now, decliners are beating advancers for both NYse and Nasdaq.
Advances 1,211 (40%) 1,100 (37%)
Declines 1,706 (56%) 1,695 (58%)
“be right and sit tight”
#9
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Mark S. Young
Posted 16 July 2007 - 09:49 AM
Rich.
This is day trading the ES long around the IT short positions. Part of the Premium add-on to the ISA daily. Those shorts still have something like an 80% chance of looking OK by week's end. Unless something happens here of course.
Mark
This is day trading the ES long around the IT short positions. Part of the Premium add-on to the ISA daily. Those shorts still have something like an 80% chance of looking OK by week's end. Unless something happens here of course.
Mark
We went long too. I'm not going to be patient, however.
A bit of volume came in, but not so much to make me comfortable.
I'm just figuring that they don't kill a market like this as quickly as one might think.
Mark
Did you close your short SPY positions?
Rich
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#10
NAV
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Posted 16 July 2007 - 10:00 AM
Hmmm..you guys are worrying too much. I don't see too much cause for concern yet. Either way i booked 4 points profits on 1/2 of my positions. Will hold the rest and see what happens. A 30-min close below 1560 would concern me though. We'll see what develops...
Edited by NAV, 16 July 2007 - 10:02 AM.
