Jumping da creek....
#1
Posted 22 August 2007 - 09:00 AM
#2
Posted 22 August 2007 - 09:18 AM
#3
Posted 22 August 2007 - 09:31 AM
#4
Posted 22 August 2007 - 09:33 AM
#5
Posted 22 August 2007 - 09:34 AM
#6
Posted 22 August 2007 - 09:35 AM
P/C at 1.71, breadth is 86% adv vs 12% decl. Bigass gap-up i.e good price action. Low TRIN. Everthing says buy ! buy ! buy !. This must be a sell.
I have never done ST trading before, but decide to follow you this time. bought SDS at 55.75 (SP 1460), please let me know when you get out.
#7
Posted 22 August 2007 - 09:40 AM
P/C at 1.71, breadth is 86% adv vs 12% decl. Bigass gap-up i.e good price action. Low TRIN. Everthing says buy ! buy ! buy !. This must be a sell.
I have never done ST trading before, but decide to follow you this time. bought SDS at 55.75 (SP 1460), please let me know when you get out.
PC for index is very high, 4, while equity is less than 1.
#8
Posted 22 August 2007 - 09:42 AM
I know...i know....the intraday A/D is about 86% adv vs 12% decl. That's fantastic breadth. It's insane to short this market here. But my indicators are stretched to their elastic limits. That's why i am short. If i am wrong, i have stops.
Today has an up bias, up early, sideways to down into the afternoon then another bounce toward the high. Had an order in at 1467.25, missed it, try again 1 pt lower later today. Expecting 1415 for a "B" wave low.
The cash 1455 +/- 3 pts is super significant, daily close above it opens up bullish possibilities short term.
#9
Posted 22 August 2007 - 09:43 AM
P/C at 1.71, Low TRIN. Everthing says buy ! buy ! buy !. This must be a sell.
Looking inside the P/Cs a bit: the index p/c at 10:30 =3.77 (over 200 % more bearish than average) and the equity p/c = .55 (12% more bullish than average). 3.77/.55 = 6.85 vvst bearish.
#10
Posted 22 August 2007 - 09:45 AM
P/C at 1.71, breadth is 86% adv vs 12% decl. Bigass gap-up i.e good price action. Low TRIN. Everthing says buy ! buy ! buy !. This must be a sell.
I have never done ST trading before, but decide to follow you this time. bought SDS at 55.75 (SP 1460), please let me know when you get out.
I would not advice anyone to follow my trades, please. It's too dangerous IMO.
My exit would be a 30-min close above SPX cash 1467. Something nasty is brewing here. Either it's gonna be a monster short squeeze or a huge selloff today. It's looks too good on the bullish side here. It's easy to suck in public on the long side here, right at the resisatnce, with some great price action like this. That's why i am thinking sell !!. IMHO.