Bears who shorted on monday capitulated at the end of the day today!
Short ES at 1524-25!
Started by
atlasshrugged
, Nov 06 2007 04:09 PM
7 replies to this topic
#2
ogm
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Posted 06 November 2007 - 04:17 PM
Bears who shorted on monday capitulated at the end of the day today!
I have to say that bears that shorted last week before the post Fed Plunge are feeling uneasy too. We are in heavy resistance zone, but 60 min momentum is all out to the upside. Even though daily momentum is all out to the downside.
Tomorrow will be a pullback.
But I'm still thinking if I should pull some in or not.
SPX is back above 55 EMA. Though it stopped at 33 EMA. If it goes above 33 EMA and breaks above that triangle above 1535 or so, its going to be bullish again.
Edited by ogm, 06 November 2007 - 04:20 PM.
#3
atlasshrugged
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Posted 06 November 2007 - 04:29 PM
Bears who shorted on monday capitulated at the end of the day today!
I have to say that bears that shorted last week before the post Fed Plunge are feeling uneasy too. We are in heavy resistance zone, but 60 min momentum is all out to the upside. Even though daily momentum is all out to the downside.
Tomorrow will be a pullback.
But I'm still thinking if I should pull some in or not.
SPX is back above 55 EMA. Though it stopped at 33 EMA. If it goes above 33 EMA and breaks above that triangle above 1535 or so, its going to be bullish again.
yep...just to get everyone bulled up again so they can take it down....
if they take it down immediately overnight then the 60 will still be down...let see what happens
#4
Drano
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Posted 06 November 2007 - 04:34 PM
Dontcha think they've got to take GOOG up to tag 750 so Cramer won't boo-hoo and scream? It's probably worth 8.5 points to avoid watching that.... 
#5
ogm
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Posted 06 November 2007 - 04:41 PM
That will probably happen at the open tomorrow.
At least BIDU finaly looks toppy. Annoying turd. Had to suffer almost 10% drawdown on the position.
#6
Drano
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Posted 06 November 2007 - 04:47 PM
Some morning BIDU will open down 30% and keep going. I think of it as "doing a CROX."
#7
Cirrus
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Posted 06 November 2007 - 04:49 PM
I bought more ITM Jan IWM puts at the close but I've still long energy and metals along with a few tech and industrial stocks.
#8
ogm
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Posted 06 November 2007 - 05:13 PM
I bought more ITM Jan IWM puts at the close but I've still long energy and metals along with a few tech and industrial stocks.
I only have a few techs and energies left too. Almost out of everything else. I'll probably dump all long positions tomorrow. Except maybe PGH. Their dividend is in Canadian dollars, so it keeps growing
Plus its dirt cheap.
