High five's all over the place...
All I can say is.. volatility...
But, don't forget deeply oversold Summations here. they are trying to turn. Volume very heavy today, and most of it to the upside so far.
A/D line will close around 2 to 1 positive. And new highs/lows will register a significant improvement.
This is a big boat and it doesn't turn on a dime. The market is trying to make a turn after a huge sell off.
yes, 60 min charts got a little crazy and we ran into some resistance. A lot of stocks moved 15-20% in 2 days.. thats a lot. So consolidation is in order.
And yet the sentiment is horrendous...
Put call is high all day again. And no one believes this market can go up.
Is everyone short or what ? LOL
Started by
ogm
, Aug 08 2007 02:44 PM
13 replies to this topic
#2
Insider
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Posted 08 August 2007 - 02:48 PM
Is everyone short.....? LOL
Insider 
#3
ogm
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Posted 08 August 2007 - 02:53 PM
Is everyone short.....? LOL
Insider
Isn't ? I think only very few people aren't.
Look at the topic names in the last couple hours or so.
#4
NAV
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Posted 08 August 2007 - 02:55 PM
Is everyone short.....? LOL
Insider
Isn't ? I think only very few people aren't.
Look at the topic names in the last couple hours or so.
Making money on the short side is immoral or what ?
#5
Insider
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Posted 08 August 2007 - 02:56 PM
Is everyone short.....? LOL
Insider
Isn't ? I think only very few people aren't.
Look at the topic names in the last couple hours or so.
All smart traders?
Insider
#6
hiker
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Posted 08 August 2007 - 02:56 PM
just daytrading it both ways...going out flat
no market movers tonight in earings
149.75 intraday horiz on SPY looks operative for now.
#7
Jnavin
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Posted 08 August 2007 - 03:00 PM
These wacky, annoying shorts. What are we gonna do with 'em? LOL.
#8
rkd80
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Posted 08 August 2007 - 03:00 PM
just daytrading it both ways...going out flat
no market movers tonight in earings
149.75 intraday horiz on SPY looks operative for now.
i was, keeping an open mind though. laughing at the volatility.
“be right and sit tight”
#9
ogm
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Posted 08 August 2007 - 03:01 PM
I have nothing against daytrading.. I'm making a sentiment related observation 
People seem to be too eager to jump the short trigger and announce victory. Its not about anyone specificaly.
See, the close wasn't that bad... last 30 minutes matters.
People seem to be too eager to jump the short trigger and announce victory. Its not about anyone specificaly.
See, the close wasn't that bad... last 30 minutes matters.
#10
rkd80
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Posted 08 August 2007 - 03:05 PM
I have nothing against daytrading.. I'm making a sentiment related observation
See, the close wasn't that bad... last 30 minutes matters.
Looking at a daily SPX cash, I see the close finished just below the 34 EMA. It tried to probe above it and could not. My best guess is that we can now safely test the bottom, presumably test it successfully because the previous volume was through the roof and it will be extremely difficult to surpass it. Then continue marching on and on. This whole scenario is shaping up to be very Feb 27ish.
“be right and sit tight”
