7 replies to this topic

[denleo]

I see nothing wrong here. Selling more naked puts. New highs by the end of the day on S&P. Correction is over. Denleo

[hiker]

you look at the ES 1560 horizontal on the long-term 120minute? how can a breakout that does not yet take out that area on a closing basis? FWIW watch SPX cash 1548.61

Edited by hiker, 01 October 2007 - 01:51 PM.

[ogm]

Hiker, Isolated SPX, maybe. But the the general tone of the broader market does feel like a breakout. DOW at new highs, NDX 52 week high. RUT strong. Very broad, very strong advance. A lot of good looking charts all over the place. Transports, financials, small caps, large caps.. Everything looking very good. A few more points on SPX to make a nominal high are technicality IMO, and will be resolved shortly. Look at stuff like INTC within pennies from 52 week highs. They'll pull the indexes up. And INTC WILL hit 52 week high. That chart is looking goood.

[hiker]

OGM what do you make of SPY trading a little over only half its avg. daily volume AND new QQQQ highs on below avg. volume? NDX components nearest their highs..I added INTC for your sake - Symbol /Pct from Yr High/ Trade/ Change/ Volume /Avg Vol (3m) - - - - - AAPL Up 1.39% 157.16 Up 3.69 Up 2.40% 23,698,090 39,167,600 - - - - - ADSK Down 1.64% 49.72 Down 0.25 Down 0.50% 1,469,581 3,344,790 - - - - - AMZN Down 0.97% 93.35 Up 0.20 Up 0.21% 4,139,663 8,887,900 - - - - - BRCM Down 0.37% 37.38 Up 0.94 Up 2.58% 4,398,719 10,095,700 - - - - - CELG Up 0.37% 72.54 Up 1.23 Up 1.72% 2,679,463 4,057,980 - - - - - CKFR Down 0.47% 46.75 Up 0.21 Up 0.45% 708,922 1,918,580 - - - - - CSCO Down 0.69% 33.15 Up 0.02 Up 0.06% 28,856,632 54,565,800 - - - - - CTXS Down 1.96% 40.02 Down 0.30 Down 0.74% 2,069,788 2,832,150 - - - - - DISCA Down 1.30% 28.95 Up 0.10 Up 0.35% 1,128,103 2,315,750 - - - - - EBAY Up 0.78% 39.85 Up 0.83 Up 2.13% 8,035,069 15,425,300 - - - - - EXPE Up 1.69% 33.13 Up 1.25 Up 3.92% 3,183,154 3,345,710 - - - - - FWLT Down 0.77% 135.73 Up 4.45 Up 3.39% 1,216,170 2,106,660 - - - - - GOOG Up 1.98% 583.13 Up 15.86 Up 2.80% 3,673,005 4,348,400 - - - - - INTC Down 4.40% 26.49 Up 0.63 Up 2.44% 38,443,515 66,408,800 - - - - - NVDA Up 1.59% 37.79 Up 1.55 Up 4.28% 7,439,220 14,233,100 - - - - - ORCL Down 1.49% 21.84 Up 0.19 Up 0.88% 15,257,102 31,467,300 - - - - - PDCO Down 0.63% 39.50 Up 0.89 Up 2.31% 544,814 1,018,580 - - - - - TEVA Up 0.16% 45.00 Up 0.53 Up 1.19% 2,841,307 4,843,410 - - - - - XRAY Up 0.17% 41.97 Up 0.33 Up 0.79% 452,471 893,649

Edited by hiker, 01 October 2007 - 02:12 PM.

[arbman]

Buy the dips, do not sell short.

[hiker]

do nothing else in the way of trading until friday employ. no. is another choice.

have some fun, and refreshen for when the volume may come back in the market....QQQQ and SPY remain below average volume today.

NYA

http://stockcharts.c...allery.html?nya

[arbman]

The implied volatility on the Qs has increased today, this is a sell for ST, I think the large cap tech is done for the short term. There will be a rotation out of it, but it'll create some buying opportunities for November.

We are in June 2005, July 2005 to come in Nov 2007...

(this is like June 1st 2005)

Edited by kisacik, 01 October 2007 - 02:47 PM.

[Vector]

hey guys, just checking in. Yep, long way to go to the upside here. Not one TA chart looking bearish here. back to my RE investing. Catch ya later. good luck!

Edited by Vector, 01 October 2007 - 07:58 PM.