Guys: Google earnings is not a catalyst for the indices to sell-off. It is just scaring you into believing a downturn has started. We are headed up from here. I do see a top somewhere between 51.5 and 54 on the QQQQs. We are not there quite yet......
Barry
Educated guesses for tomorrow's downside?
Started by
arbman
, Jul 19 2007 05:07 PM
14 replies to this topic
#12
thespookyone
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Posted 19 July 2007 - 11:08 PM
My guess for the percentage downside tomorrow-nothing, we finish green. The forced push on this market will rotate into something other than google. Index put level fairly low, equity calls have a touch of room to grow before being smoked. I'm really thinking we get some kind of blowoff top here before a correction ensues. Internals have so far failed to down this market, and with OPEX tomorrow, I see nothing different on the way-bet we close on the highs.
Spooky
#13
NAV
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Posted 19 July 2007 - 11:49 PM
Too bad. There's no choice for me, as to how much we could go up ? 
#14
arbman
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Posted 20 July 2007 - 12:53 AM
Too bad. There's no choice for me, as to how much we could go up ?
Why? just choose "above 0%", meaning you don't expect any downside...
I should've said "no downside"...
#15
OEXCHAOS
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Mark S. Young
Posted 20 July 2007 - 06:14 AM
Looks like more than 50% says SPX goes down no more than .5% and NDX goes down no more than 1%.
Too much optimism is the way I'd call it.
Things change!
Sentiment around here is mighty mercurial, I've found.
Mark
Mark S Young
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