14 replies to this topic

[ogm]

Haha, they got Dow 14000 close on the nose. Good. Now they can get their headline, and we can get over with it already.

[arbman]

What do you think NDX will do tomorrow?

[relax]

didn't we have an island reversal today on Nasdaq i guess the gap will be closed with the disappointing Google earnings

[arbman]

More importantly, do you think NDX will move more than 20 points tomorrow?!? (that's either the gap fill or the momentum necessary to sustain this move acc to my calculations)

Edited by kisacik, 19 July 2007 - 03:14 PM.

[ogm]

More importantly, do you think NDX will move more than 20 points tomorrow?!?

Honestly, no clue what it will do tomorrow. This is one painful expiration. I'm mostly holding august options. Mostly puts on assorted financials, some consumer stuff, like this, KSS, JCP, ANN and a few others and some SKF, and will probably get some oil shorts/puts tomorrow. And playing with ER's and ES.

I'm not really short the Nasdaq, I took a stab at QID a couple days ago and got stopped out. , but it looks like its time to get some again.

I think 60 min pattern looks like megaphone setting up, which is a reversal pattern. Daily chart looks overbought, overstretched, overhoped. They moved every single mega cap high tech turd already. I don't see much room in MSFT, CSO or INTC.


Everything looks very frothy. And now we finaly got the DOW 14k headline.

Edited by ogm, 19 July 2007 - 03:16 PM.

[relax]

of course more than 20 points seems like the gap will fill which IMO will make it impossible for it to reach higher than the upper BB at 2.740 maybe 2.750 next week

[espresso]

What you think will happen! Most of the world market have been topping for more then a month, S&P can't pass the old high, the Dow double top at 14000, the US dollar will bounce... Gap down tomorrow, the shooting star was in the cards! But of course i could be wrong!

Edited by Espresso, 19 July 2007 - 03:31 PM.

[ogm]

Here is 60 min chart on QID,

Blue is a wedge, orange is a megaphone, either way, something positive.

[ogm]

Well, MSFT.. 119 mil shares traded, and its a dud. About 100 mil shares buyers trapped after earnings GOOG even worse. This is a manic depressive market. One day they sell everything on earnings, next day they decide they will buy earnings, and then sell again Hilarious. Futures are pretty weak after the close though.

[arbman]

I had a weak buy signal on DOG today, actually since Wed highs...