27 replies to this topic

[A-ha]

most of the indices are within the rejection layers, the week should close below where we are now. so i expect an afternoon sell off that will make that adjustment in addition to ES short, i now have oih short from 175+, srs long below 100 and rkh short 150+ i want to short some NQs too spx 1430 looming

Edited by A-ha, 24 August 2007 - 12:35 PM.

[eminimee]

yip...starting now

[Trend-Signals]

The "pop" came with high volume...

http://www.stockchar...993846&r=66.png

[A-ha]

The "pop" came with high volume...

http://www.stockchar...993846&r=66.png

which usually marks the top (on derivatives)

[eminimee]

one more squeaky high
http://stockcharts.com/c-sc/sc?s=$SPX...6262&r=6506

[Trend-Signals]

[quote name='A-ha' date='Aug 24 2007, 01:41 PM' post='310906']
[quote name='Trend-Signals' post='310905' date='Aug 24 2007, 01:38 PM']
The "pop" came with high volume...

which usually marks the top (on derivatives)
[/quote]



I commented on the market and volume.

Yesterday high volume was signaling the today's up price action.

There is climactic volumes for "Reversal" and "Continuation". I called the intraday volume yesterday as continuation.

http://investorshub....p?board_id=8800

[A-ha]

one more squeaky high
http://stockcharts.com/c-sc/sc?s=$SPX...6262&r=6506

Yes ES 1477-78 rinse coming which should coincide with 2:00 CIT

[peregrine]

Re: afternoon selloff. Short term volume studies confirmed the price advance until roughly 1:30 PM. Generally this means higher prices until volume diverges negatively against price. In sum, there is still enough time left in the session for the divergence to occur...and for a subsequent sell-off before 4 PM. Having said that, my suspicion is that the market wants to close with a new high in the NYMO, above the March highs, before any downside fireworks commence. New NYMO highs will require an approximate plurality of +1040 advances over declines...which would not leave room for much of a closing selloff. P

Edited by peregrine, 24 August 2007 - 01:21 PM.

[eminimee]

short 77.50 es ...stop 80.25...

[A-ha]

short 77.50 es ...stop 80.25...

i dropped there a big bomb too

Yes ES 1477-78 rinse coming which should coincide with 2:00 CIT

Edited by A-ha, 24 August 2007 - 01:21 PM.