5 replies to this topic

[Darris]

Futures are indicating a large gap up at the moment. If we can hold 1580 for the 1st two hours we should pile on to the upside. If not, the gap and crap might work today. As Fib1618 said below, the diagonal is breaking to the upside, and as maineman said, we are leaving the top of the box with force. What are the new theories? Thanks

[da_cheif]

Futures are indicating a large gap up at the moment. If we can hold 1580 for the 1st two hours we should pile on to the upside. If not, the gap and crap might work today. As Fib1618 said below, the diagonal is breaking to the upside, and as maineman said, we are leaving the top of the box with force.

What are the new theories? Thanks

"what are the new theories?"...lol.....same ol theories.......watch the sky.....nice hiicup yesterday on WWW dontchu think????

[Darris]

Was surprised we got the OPEX low of the week early on Monday morning, and then we only put a secondary low in yesterday afternoon before the 2pm launch. The Rydex flipper in the NDX short fund held their $75 million short from two days ago, so another painful rally into the close would be the bias on the Rydex data. Even the SPX and RUT dynamic funds saw reductions in longs, and additions to shorts. OPEX rally range approx 25 pts so far from Monday low. Looking for 1600 ES Dec contract to be tapped today or tomorrow if the boyz are looking for a 3% payday.

[uncleharley]

Gap & crap or Gap & Run? Volume is key. If volume finally begins to build, the gap will run. If volume continues at the tepid pace of the past several weeks, we will have a classic gap & crap. uh

[fib_1618]

Volume is key.

I disagree. Breadth is key...volume plurality has been, and continues to be, fine and dandy.

Fib

[uncleharley]

It looks like we have both. Now, how far will it go? uh