11 replies to this topic

[greenie]

That's what I am positioned for. At least Semibizz agrees

[Rogerdodger]

[img]http://tbn0.google.com/images?q=tbn:OEuc71nNXZeh_M:http://www.riddell.com/GetImage.aspx?imageID=5967.png[/img]

I like it. They have outscored their first two opponents by 90+ points!

GO BIG RED!

[hiker]

RD

bears will be toast...just matter of time.

the downtrend line off the 2007 high on the 60minute was recently tested, and SPX has been going up ever since. this is obervable data...the recovery pattern is improving.

sure resistance could stop this advance in its tracks, and has done so before in recent days...but the recovery pattern does show signs of life in the price data alone...volume data aside.

trading range 1404/1445/1447 to 1476/1484 will resolve sooner or later...for now, the bulls have the nod it appears.

Edited by hiker, 13 September 2007 - 09:21 AM.

[hiker]

from a technical standpoint today..it is likely impt. that the intraday levels remain above the late August reaction highs into today's close. note XLF vs. 33.30 to 33.57 horiz. zone and OSX trend

[SemiBizz]

I don't see much accumulation going on here reflected by the volumes... just Federal and operator jammers pumping for premium distribution. One of my hedge fund buddies said it all to me earlier..."this market is a fart in a skillet".

Edited by SemiBizz, 13 September 2007 - 09:55 AM.

[ogm]

I think the very fact that we recovered ALL of the Friday drop from employment news and then some shouldn't be missed. SPX is back above 55 EMA today too. Also notice the financials today. Techs are taking a breather, but they are buying the financials. Banks, etc.

Edited by ogm, 13 September 2007 - 09:57 AM.

[hiker]

how I am playing it right now

http://www.traders-t...?...ogid=26&st=

[rkd80]

The ES volume is dismal.

[ogm]

The ES volume is dismal.

You're probably still looking at September futures. Look at December now.

[SemiBizz]

Nasdaq Volume is dismal... on track for 1.5B Lousy.