Saw the put/call ratio and what not. Those shorting will once again believe in the power of the bull market as indices go up today and tomorrow.
After that, I will have to see if sentiment gets bullish or not.
Can't post charts since I'm on travel. But perhaps when I get back, I'll post something that alerted me to the upside surprise today, and the momentum that I think will last for at least 2 more days.
3 days of fear coming up for bears
Started by
dcengr
, Aug 01 2007 10:02 PM
1 reply to this topic
#1
dcengr
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- Traders-Talk User
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Member
Posted 01 August 2007 - 10:02 PM
Qui custodiet ipsos custodes?
#2
blustar
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- Traders-Talk User
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blustar
Posted 02 August 2007 - 08:37 AM
Saw the put/call ratio and what not. Those shorting will once again believe in the power of the bull market as indices go up today and tomorrow.
After that, I will have to see if sentiment gets bullish or not.
Can't post charts since I'm on travel. But perhaps when I get back, I'll post something that alerted me to the upside surprise today, and the momentum that I think will last for at least 2 more days.
I agree, but am looking for at least three more to the upside; also today could be more neutral to slightly down with what the 55% bull poll here shows. My cycle/indicator analysis shows a retest lower low (SPX 1432-34) in the Aug 9-13 timeframe.
