i smell last hour selloff
Started by
A-ha
, Aug 22 2007 01:48 PM
10 replies to this topic
#1
Posted 22 August 2007 - 01:48 PM
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#2
Posted 22 August 2007 - 02:16 PM
My stuff says we should at least test the highs or make a new high for this move into close.
#3
Posted 22 August 2007 - 02:26 PM
#4
#5
Posted 22 August 2007 - 02:35 PM
So if tomorrow we'll gap up above that resistanse.. does it mean all those who sold stuff even if they were long will have to chase it higher ?
Or what about those fund managers that dumped everything they could and now are watching it run away from them ?
Never mind the shorts too, who have been very resiliant last few days. Even after a 70+ move on the SPX.
Edited by ogm, 22 August 2007 - 02:37 PM.
#6
Posted 22 August 2007 - 02:45 PM
i am gonna short this market for a swing but its not there yet
Edited by A-ha, 22 August 2007 - 02:45 PM.
#7
Posted 22 August 2007 - 02:57 PM
As soon as it looks like 'the bottom is in' and the rally feels unstoppable it will end. I suspect we get a rally tomorrow that's worthy of shorting.
#8
Posted 22 August 2007 - 03:15 PM
this will create the next sell off but it will not be as severe as last week's
it is testing it here but i think it is early to short it
i ll post when i short , as usual RT
it is testing it here but i think it is early to short it
i ll post when i short , as usual RT
#9
Posted 22 August 2007 - 03:19 PM
most TA folks that are charting that 2006 to 2007 t/l showed its yest closing basis value at 1459...
your chart above appears different, xD.
#10
Posted 22 August 2007 - 03:27 PM
here is the daily version, i think we will test 1475 tomorrow, and start selling off