5 replies to this topic

[A-ha]

considering 7/26, on which the market broke down on heaviest volume, as the start of the countdown, today was the 5th trading day... 6pack either met the call or got liquidated... anybody heard anything? this was a useful timer for a snapback during the spring 06 plunge

Edited by xD&Cox, 01 August 2007 - 01:00 PM.

[hiker]

read through your comment "conversations" at your site last night and read your view that "bull bait" will continue to be presented to traders until 1400 SPX is seen.

Edited by hiker, 01 August 2007 - 01:06 PM.

[A-ha]

read through your comment "conversations" at your site last night and read your view that "bull bait" will continue to be presented to traders until 1400 SPX is seen.

plain english please... you know i am a foreigner

[hiker]

it was your comment in the list of 33 comments from yesterday at your site cut and paste directly from your site...format is a little confusing, i must admit...looks like the final comment is your reply to someone making the first comment - Atilla Demiray said... Bull bait will continue until S&P is 1400 and dow is 12600. 10 % correction. They are good baits though, I have to admit. Tuesday, July 31, 2007 1:46:00 PM EDT -------------- i think another 20 spx points on the upside coming now Tuesday, July 31, 2007 1:48:00 PM EDT

Edited by hiker, 01 August 2007 - 01:21 PM.

[A-ha]

Ohh yes I see.

If we get a bounce here I think it will either exceed expectations or fall short of it...

SPX 1450 looks an important level on dailies... we shouldnt close below it if there will be a bounce here...

http://xtrends.blogs...1450-level.html


1452.5 to be precise

Edited by xD&Cox, 01 August 2007 - 01:31 PM.

[hiker]

thanks...of interest is today's XLF bounce failure at 33.33 horizontal on 10-day 5min which has an unbroken d/t in play 60min XLF is in a sell confguration but price is now hugging the 5sma on the 60 min