Uggggggly................with a capital U.
Should take some time/testing to base out..........wherever that may be.
Ugly tape
Started by
NAV
, Jul 24 2007 02:00 PM
15 replies to this topic
#11
Tor
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Posted 24 July 2007 - 02:26 PM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#12
ogm
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Posted 24 July 2007 - 02:28 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?!?
People may be selling calls. I definitely sold quite a few today on the longs that I wanted to keep.
#13
PorkLoin
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- TT Member*
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Posted 24 July 2007 - 02:30 PM
No crystal ball of course, but I'm thinking some issues may be putting in emotional bottoms here.
This thing had a fast 20% decline from the recent highs, while crude oil hasn't gone down much from the highs two days ago. Yielded over 15% today at the lows, and I got some more and like it for a long term hold. Good worldwide energy market and all...
Many issues and indices may have much farther to fall but I'm looking for things to be "bottomy" in many areas rather than "toppy."
Best,
Doug
This thing had a fast 20% decline from the recent highs, while crude oil hasn't gone down much from the highs two days ago. Yielded over 15% today at the lows, and I got some more and like it for a long term hold. Good worldwide energy market and all...
Many issues and indices may have much farther to fall but I'm looking for things to be "bottomy" in many areas rather than "toppy."
Best,
Doug
#14
arbman
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Quant
Posted 24 July 2007 - 02:40 PM
The market is oversold, the problem is there is still 20 minutes to close...
#15
SemiBizz
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Volume Dynamics Specialist
Posted 24 July 2007 - 02:45 PM
Yep.. pretty ugly. Big Volume came in today... Nasdaq will try and test 2619.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#16
beta
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lasergirl
Posted 24 July 2007 - 03:08 PM
Im buying SPX 1490-1498. (eg. GOOG looks headed for the high 4's).
Good call, LarryT ! 
"Daytrading -- An Extreme Sport !"
