9 replies to this topic

[BigBadBear]

should turn into a mini-crash event in keeping with Sept seasonality

[BigBadBear]

here we go---------------->

[ogm]

here we go---------------->

Hmm... Welcome to "top pickers anonymous" Its a big club today.

Hate to be negative, but up volume > down volume despite negative a/d.

Just an observation.

Edited by ogm, 12 September 2007 - 12:45 PM.

[gorydog]

here we go---------------->

Hmm... Welcome to "top pickers anonymous" Its a big club today.

Hate to be negative, but up volume > down volume despite negative a/d.

Just an observation.

I think we will turn down, but one last squirt up to clean out some more stops first- by 2:00-2:30pm

GD

[arbman]

RUT is severely underperforming among the market caps. Semis are underperforming within the NDX now. The energy has been pushing the indices with the assumption of easy money. The banks underperformed since the sell off. The internal oscillators are about to cross down after getting quite extreme. The new highs did not quite improve on Nasdaq even though the index approached to the new highs. This is a narrow rally, this is the early stages of a bottom, but may not be the bottom. I am certain that the next few days will not be very easy for the bulls at least. A sell off into the Fed meeting is also what I am looking for. It would be the best case scenario to corner the Fed, yet the USD is in trouble and I can not really blame the Fed if they decide not lower there... - kisa

[DraggdOut]

In the IT (next few months out) I am completely agnostic and sitting on a lot of December index straddles. ST (in the next few days) I just got a bunch of UQQ UW filled at .74 and again at .96

[tommyt]

the ST stuff is not as robust as a few days ago for sure, but it being Sept and all the crash calls is an offset for me...its a well advertised collapse if we do...I still favor up to flat into the fed, they cut, and then a surprise sell off.

[ogm]

the ST stuff is not as robust as a few days ago for sure, but it being Sept and all the crash calls is an offset for me...its a well advertised collapse if we do...I still favor up to flat into the fed, they cut, and then a surprise sell off.

Surprize sell off ?

[tommyt]

the street knows when he lowers we will zoom into outer space.

[pdx5]

I am guessing the market has already discounted a 25 basis points cut. So if the cut is 50 points, we should see a good rally. Otherwise a blah market.