Nice, they bought puts on the way up in the last 1/2 hour, it probably means there will be another squeeze of this group...
Froth?
Started by
arbman
, Sep 28 2007 09:20 AM
17 replies to this topic
#11
arbman
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#12
eminimee
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I don't care who's fur is flying...
Posted 28 September 2007 - 10:40 AM
#13
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Posted 28 September 2007 - 10:42 AM
I'm bullish too...again....we can't get confused with time frames. IT @ LT bullish...short term bearish. I don't want to post another spx chart showing my thoughts....I think I've worn it out. lol
We both are bullish. I think difference is i am expecting SPX ATH before SPX below 1500. I think you are expecting SPX below 1500 before ATH.
#14
eminimee
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I don't care who's fur is flying...
Posted 28 September 2007 - 11:18 AM
I'm bullish too...again....we can't get confused with time frames. IT @ LT bullish...short term bearish. I don't want to post another spx chart showing my thoughts....I think I've worn it out. lol
We both are bullish. I think difference is i am expecting SPX ATH before SPX below 1500. I think you are expecting SPX below 1500 before ATH.
Right....and the winner wears the TT crown for a minute or two.
Edited by Teaparty, 28 September 2007 - 11:19 AM.
#15
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Posted 28 September 2007 - 11:24 AM
I'm bullish too...again....we can't get confused with time frames. IT @ LT bullish...short term bearish. I don't want to post another spx chart showing my thoughts....I think I've worn it out. lol
We both are bullish. I think difference is i am expecting SPX ATH before SPX below 1500. I think you are expecting SPX below 1500 before ATH.
Right....and the winner wears the TT crown for a minute or two.
I prefer cash. You keep the crown
#16
arbman
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Posted 28 September 2007 - 12:37 PM
So far so good, I got the spike back above the horizontal resistance, there is still some disbelief in this rally today. OEX P/C is encouraging...
#17
Gary Smith
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Posted 28 September 2007 - 02:02 PM
I think there is some excess bullish views and positions around...
Today, being the last day of the week, month and quarter, is an important day for the market to show us whether it is or was willing to push through the long term resistence zones.
Today is the day where the big brokers are or were supposed to support the market.
But I saw nothing but selling into strength for 2 weeks.
Combined with the speculation, I am not happy with this market at the moment.
- kisa
Being the end of a quarter trading day not sure you can read anything into today's action. Something like 11 of the past 12 end of the quarter trading days have been down. And then in most cases that was followed by an up day the beginning of the new quarter. Admittedly though, I too am seeing a lot less aversion to risk and if this trend continues we could see some ugliness sometime in the fabled month of October.
#18
arbman
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Posted 28 September 2007 - 02:21 PM
I think I want to trade the markets which will go up with the liquidity than only by the short squeezes, whether there is any risk aversion or not. The liquidity still feels quite low to me. The rallies last about minutes and then they reverse in seconds.
I gave up on this market once OEX 715 was taken to the downside again. I expected the market to take the 720 target by the EoQ here...
I see mostly a neutral A/D and a low volume sell off, this can be bullish for Monday.
Edited by kisacik, 28 September 2007 - 02:12 PM.
