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Nav, the Russell

Started by OEXCHAOS , Jul 26 2007 09:15 AM

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5 replies to this topic

#1 OEXCHAOS

Mark S. Young

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22,022 posts

Posted 26 July 2007 - 09:15 AM

Look at the way that thing bounces! It's clearly doing exactly what we figured. They get clogged with shorts, and bounce it hard. I think if they reward those guys a couple more times for riding out their shorts in a rising market, then they'll really bag them. THAT ought to get us our rally. We'll see. Mark

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#2 NAV

Member

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16,087 posts

Posted 26 July 2007 - 09:24 AM

Look at the way that thing bounces!

It's clearly doing exactly what we figured. They get clogged with shorts, and bounce it hard.

I think if they reward those guys a couple more times for riding out their shorts in a rising market, then they'll really bag them. THAT ought to get us our rally.

We'll see.

Mark

Check my post below. IWM tagged the channel support at 79, which i posted yesterday. There will be some monstrous squeeze in ER2 when it comes and it will be near vertical. I am probing myself with IWM calls starting today for that ineveitable !

"It's not the knowing that is difficult, but the doing"

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