Edited by A-ha, 24 August 2007 - 11:49 AM.
building swing short
#1
Posted 24 August 2007 - 11:48 AM
#2
Posted 24 August 2007 - 12:01 PM
That is street anticipation. However, what if market breaks out and hold above Breakout point.
While we had a strong DT like 7/19 - 8/16, there was very little bounce; now, conversely, we have extremely high negative sentiment as we can see on DOW p/c ratio. This could work as contrarian indicator as we could see, Buy/Short squeeze comes in?
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=17&i=p98670794592&a=79285156&r=938.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22232131775&a=76929034&r=724.png
#3
Posted 24 August 2007 - 12:01 PM
Who are the leaders? (If you don't mind.)leadership already headed there
#4
Posted 24 August 2007 - 12:04 PM
Who are the leaders? (If you don't mind.)leadership already headed there
the ones who lead us down..the banks and brokers
#5
Posted 24 August 2007 - 12:05 PM
Are you still planning to go long SRS for IT trade?
Thanks.
on top of my day trading entries, I am building a short position around the current levels (ES 1474) that I think should handsomely pay next week.
I expect SPX cash to test 1420-1430 range in the next 5-10 trading days
leadership already headed there
#6
Posted 24 August 2007 - 12:08 PM
Atilla,
Are you still planning to go long SRS for IT trade?
Thanks.
on top of my day trading entries, I am building a short position around the current levels (ES 1474) that I think should handsomely pay next week.
I expect SPX cash to test 1420-1430 range in the next 5-10 trading days
leadership already headed there
Yes
SRS long
RKH short
#7
Posted 24 August 2007 - 12:10 PM
Atilla,
Are you still planning to go long SRS for IT trade?
Thanks.
on top of my day trading entries, I am building a short position around the current levels (ES 1474) that I think should handsomely pay next week.
I expect SPX cash to test 1420-1430 range in the next 5-10 trading days
leadership already headed there
Yes
SRS long
RKH short
#8
Posted 24 August 2007 - 12:18 PM
#9
Posted 24 August 2007 - 12:32 PM
#10
Posted 24 August 2007 - 12:46 PM
Which timeframe? $BKX and XLF are both unchanged today at the moment.the ones who lead us down..the banks and brokers
Who are the leaders? (If you don't mind.)leadership already headed there