14 replies to this topic

[eminimee]

got that one more low to complete a 5 count of C on OeX...TWT. Funny ...I "think" we bottomed on this date in Aug 04 too. ... we'll see.....another low and we could just collapse so I'm not positioned at this point.

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=6&dy=21&i=p04089972867&a=109431197&r=4246.png

[Frac_Man]

Maybe OPEX

Waiting for a pair of fractals Tea Party

Hank

got that one more low to complete a 5 count of C on OeX...TWT. Funny ...I "think" we bottomed on this date in Aug 04 too. ... we'll see.....another low and we could just collapse so I'm not positioned at this point.

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=6&dy=21&i=p04089972867&a=109431197&r=4246.png

[hiker]

the ascent angle of the 5 vs. 15sma's on the 3 minute SPY could show some more "power" of the move off the intraday low....is attempting a bullish crossover

[ogm]

Hmm... To think about it, this is the point of maximum fear and uncertainty. In reality, the default rate isn't that high. Its just no one knows what the paper is worth. Market has been oversaturated with supply and it has overwhelmed the demand. So even if the payments on the paper are being made.. there are no buyers for it at acceptable levels. All buyers want to pay distressed prices. This market should be crashing. .... should be....

[Cirrus]

I'm thinking we're headed lower...maybe not today but over the coming few weeks. This decline will be more severe than the others since Mar 03 IMO. Ben needs to show that he's a tough guy. I'm looking for a lot more fear before a tradeable (multiweek) bottom. I could be wrong, of course...

[Russ]

I am long er2 from 774...looking for 784-85 initially...vix is crashing down.

[ogm]

I'm thinking we're headed lower...maybe not today but over the coming few weeks. This decline will be more severe than the others since Mar 03 IMO. Ben needs to show that he's a tough guy. I'm looking for a lot more fear before a tradeable (multiweek) bottom.

I could be wrong, of course...

We need to break the supports first.

Market is thick with fear and uncertainty, and we're still holding way above the March lows.

Who's going to lead to the downside ?

[eminimee]

da count..

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=2&mn=8&dy=0&i=p92292029245&a=104688425&r=8793.png

[arbman]

Poor quality sell off... and most likely the beginning of a nice bounce... The daily cummulative A/D is still quite negative, its momentum is still quite negative. BUT, the lows are somewhat divergent at this low. The indices are at the horizontal support. The downside volume was not strong. I expect one more decline tomorrow that might break the lows slightly with more divergence, it depends a bit on how the bounce will shape up and that should conclude this initial phase of the decline... Tomorrow must rip apart to be able to sustain a downtrend honestly and the last time I said this it was July 25th, the day before the hell... This market has been a traders' paradise and I think it will stay that way for the winter. - kisa

Edited by kisacik, 14 August 2007 - 11:05 AM.

[eminimee]

Geez...might have to flirt with doom again...hope not

http://stockcharts.com/c-sc/sc?s=$OEX&p=5&yr=0&mn=0&dy=5&i=p63856608286&a=106624082&r=2079.png