The only question I have is short-term or intermediate-term.
Last hour should be strong. Internals a good today.
Denleo
This is a bottoming process
Started by
denleo
, Nov 02 2007 01:44 PM
13 replies to this topic
#2
esther231
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Posted 02 November 2007 - 01:53 PM
It's hard to be a bear in November.
It can be done but it's hard.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells
#3
ogm
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Posted 02 November 2007 - 01:59 PM
Hate to disagree, but internals croaked.
1300-1600 Naz,
1200-2000 on NYSE.
Internals failed with the bounce failure.
GOOG safeheaven is looking waaay silly and overbought. Notice that it couldn't break the morning highs on the rally. Very overbought.
On top of all that... weekly DOW and SPX charts are looking like bearish engulfing. Or whatever the pattern is. Total failure. Very bearish pattern. NDX weekly candle is also very suspect.
Momentum is down and no signs of a turn anywhere.
Edited by ogm, 02 November 2007 - 02:01 PM.
#4
Mr Dev
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Posted 02 November 2007 - 02:16 PM
ogm,
I know we haven't always been on the same page,...but I've noticed your willingness to be open minded
and nimble.
Seems you're wearing a pretty good pair of market bifocals . 
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#5
arbman
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Posted 02 November 2007 - 02:39 PM
I was only off about the actual range because of that 1 day decline two Fridays ago... In any case, this has been a lot more bullish for the IT, imho. Now the institutions are really loaded up with a good discount and they won't be selling for the remainder of the year. I expect the volume accelerate upward with the next accumulation day. It should be sometime next week.
I think there is a 3-4 wk rally coming which should probably conclude this phase with a spectacular rise...
I think there is a 3-4 wk rally coming which should probably conclude this phase with a spectacular rise...
#6
eminimee
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I don't care who's fur is flying...
Posted 02 November 2007 - 02:40 PM
bought oex weekly 700 calls for 2 bucks...don't try this at home....all or nothing...expire today..just 10 of them..
#7
NAV
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Posted 02 November 2007 - 02:43 PM
bought oex weekly 700 calls for 2 bucks...don't try this at home....all or nothing...expire today..just 10 of them..
You will make more than 100% on that.
#8
SemiBizz
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Volume Dynamics Specialist
Posted 02 November 2007 - 02:52 PM
2892.36
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
swingtrader
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Posted 02 November 2007 - 02:53 PM
Denleo,The only question I have is short-term or intermediate-term.
Last hour should be strong. Internals a good today.
Denleo
WoW! Nice call indeed!
#10
eminimee
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- TT Member
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I don't care who's fur is flying...
Posted 02 November 2007 - 02:57 PM
out of half at 5.50 so far.. 5 still there...somebody want it for 5.50 lol
edit..last 5 went for 5.90...not bad return in less than 30 min. Good weekend all.
Edited by Teaparty, 02 November 2007 - 03:03 PM.
