Nav, the Russell
#1
Posted 26 July 2007 - 09:15 AM
Mark S Young
Wall Street Sentiment
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#2
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 !
#3
Posted 26 July 2007 - 09:51 AM
#4
Posted 26 July 2007 - 10:01 AM
I'm in at the fix. sorry to crowd you
I bailed out, cuz i did not get a buy at 11:00 Est. Will probe later.
#5
Posted 26 July 2007 - 10:15 AM
#6
Posted 26 July 2007 - 04:38 PM
This probe is tiny, so no big deal. The real loss was closing out all shorts yesterday AM. Live and learn.I'm in at the fix. sorry to crowd you