Ugly tape
Started by
NAV
, Jul 24 2007 02:00 PM
15 replies to this topic
#1
NAV
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Posted 24 July 2007 - 02:00 PM
plain and simple. If ES 1531 gap support was any true support, we should have seen a springboard sort of action from there. The very fact that it did not generate any buying interest makes it clear that much lower levels will be probed.
And someone please tell that ER2 that it's overdoing it.
#2
ogm
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Posted 24 July 2007 - 02:04 PM
plain and simple. If ES 1531 gap support was any true support, we should have seen a springboard sort of action from there. The very fact that it did not generate any buying interest makes it clear that much lower levels will be probed.
And someone please tell that ER2 that it's overdoing it.
Bloodbath in Wonderland.
And no, ER2 isn't overdoing it, I posted the chart this morning. Its not about 5 or 15 minute stuff anymore....
http://www.traders-t...showtopic=73134
#3
skyymaster
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Posted 24 July 2007 - 02:04 PM
plain and simple. If ES 1531 gap support was any true support, we should have seen a springboard sort of action from there. The very fact that it did not generate any buying interest makes it clear that much lower levels will be probed.
And someone please tell that ER2 that it's overdoing it.
FWIW, the next gap is down and between 145.32 and 145.82 on SPY
Edited by skyymaster, 24 July 2007 - 02:08 PM.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#4
hiker
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Posted 24 July 2007 - 02:06 PM
QID 42.76 horizontal just now touched but not surpassed FWIW
#5
eminimee
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I don't care who's fur is flying...
Posted 24 July 2007 - 02:07 PM
#6
spielchekr
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Posted 24 July 2007 - 02:10 PM
plain and simple. If ES 1531 gap support was any true support, we should have seen a springboard sort of action from there. The very fact that it did not generate any buying interest makes it clear that much lower levels will be probed.
And someone please tell that ER2 that it's overdoing it.
Bloodbath in Wonderland.
And no, ER2 isn't overdoing it, I posted the chart this morning. Its not about 5 or 15 minute stuff anymore....
http://www.traders-t...showtopic=73134
It's maybe about fear. Loathing. too.
#7
arbman
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Posted 24 July 2007 - 02:15 PM
This is a pretty severe sell off...
P/C went lower with the decline, is it people selling their calls or adding to their positions?!?
#8
LarryT
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Posted 24 July 2007 - 02:21 PM
This is a pretty severe sell off...
P/C went lower with the decline, is it people selling their calls or adding to their positions?!?
My SR table/price projections model has 1519 cash as the projected low with max down at 1510 so this is pretty much normal and expected trading for this week.
LT
#9
arbman
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Posted 24 July 2007 - 02:22 PM
BTW, NAV are you still counting a bunch of 1s and 2s?!? 
#10
NAV
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Posted 24 July 2007 - 02:23 PM
This is a pretty severe sell off...
P/C went lower with the decline, is it people selling their calls or adding to their positions?!?
Holy Schmolly. That ER2 hourly RSI hit 16.5.
BTW, NAV are you still counting a bunch of 1s and 2s?!?
Yes, now on the downside
