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Market thoughts
Started by
NAV
, Sep 04 2007 10:16 PM
3 replies to this topic
#1
Posted 04 September 2007 - 10:16 PM
#2
Posted 04 September 2007 - 11:09 PM
Nice summary, thanks. Do you have any comments for the large discount we are getting in the after market right now? Thanks
#3
Posted 04 September 2007 - 11:20 PM
Nice summary, thanks. Do you have any comments for the large discount we are getting in the after market right now? Thanks
I don't particulary give much atention to ATH action. As long as the 30-min trend is up, any discounts are used by the night operators to position for next swing up in the trend. That's what has been happening for the last 4 years. But as i said, we are about 90% done with this hourly upswing. So it woudn't be very difficult to turn the ST trend here, if the gap-down happens to be large. If the gap-down manages to push my 120-min to a sell by 10:00 - 10:30 Est tommorow, i will start building a swing short....
#4
Posted 04 September 2007 - 11:22 PM
Thanks again, and have a good evening.