I don't trust this upmove
Started by
NAV
, Apr 13 2007 08:55 AM
17 replies to this topic
#1
Posted 13 April 2007 - 08:55 AM
Max upside in the VST is ES 1462. Horrible risk/reward here to go long. Another good shorting opportunity should be forthcoming. Stay tuned...
#2
Posted 13 April 2007 - 09:09 AM
UMich 12-month inflation expectations 3.3% vs. 3.0%
10:02 AM ET, Apr 13, 2007 - 5 minutes ago
April Reuters/UMich consumer sentiment 85.3 vs 87.0 expected
10:01 AM ET, Apr 13, 2007 - 6 minutes ago
10:02 AM ET, Apr 13, 2007 - 5 minutes ago
April Reuters/UMich consumer sentiment 85.3 vs 87.0 expected
10:01 AM ET, Apr 13, 2007 - 6 minutes ago
#3
Posted 13 April 2007 - 09:18 AM
I went fully short futures near the open.
good call NAV.
#4
Posted 13 April 2007 - 09:22 AM
Long QID at 9:58 AM. I'm going car shopping later.
#5
Posted 13 April 2007 - 09:26 AM
What we are seeing is not a breakout structure, both in terms of price pattern and internals. Clue - Look at the series of lower lows on the NYSE MCO.
In the VST, it's still not out of question to tag ES 1462, but not necessary.
#6
Posted 13 April 2007 - 09:30 AM
I have price momentum downward on both the 60 and daily cubes. Note also that despite price, NDX has put in 4 consecutive lower hghs and lows on the daily.
#7
Posted 13 April 2007 - 09:36 AM
Long QID at 9:58 AM. I'm going car shopping later.
Added to QID about the same time.
http://stockcharts.c...0956&r=9220.png
VXN closing gap.
http://stockcharts.com/c-sc/sc?s=$VXN&p=5&yr=0&mn=0&dy=2&i=p78026523997&a=102304050&r=3923.png
#8
Posted 13 April 2007 - 09:41 AM
going to wait to short dow 12700
#9
Posted 13 April 2007 - 09:49 AM
The DAX future just hit new highs..... +0.80% right now
#10
Posted 13 April 2007 - 09:51 AM
Today is FRIDAY THE 13th.