this is make it or break it kind of time, failed to push high would result in 2 legged pullback. but anyway, bulls' gestures are much improved.
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too bad, either we've already had the 3 push up or there's one more attempt to make a new intraday high, either way, more likely we'll have at least 2 legged pullback soon.
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AK84 wrote:Cobra , green monday ? huge green monday ?
or in wait and see mode ??
in clueless mode.
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Cobra wrote:too bad, either we've already had the 3 push up or there's one more attempt to make a new intraday high, either way, more likely we'll have at least 2 legged pullback soon.
1st leg is over?
Last edited by silicon_beaver on Fri Aug 05, 2011 2:23 pm, edited 1 time in total.
At least more of a fair fight now!
Is it?! 1-min update. (that's a bear flag in between blue and red line for this battle, bur bull's got IH&S helping, war is not over)
a little trend line support here, still think there's one more push up, if cannot make decisive high then the rebound is over.
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Unique situation with SPY weekly options--the strikes are determined the previous week, and the large move down means that the lowest available strike expiring today is the 121. Usually the professionals are sellers of premium, both puts and calls, and then try to peg the close to the number that most benefits them (maxpain website plays to this issue). Who knows what will happen in the next hour plus, but if no news or new rumors about the fed making a move after the close then there is a reason we have been dancing around 121 for a bit.
For any one that wants to positoion for a pop or a good move up, NFLX..BWLD..VMW..could be good swing trades as the mkt moves up.Do your home work look at your charts etc.I have been wrong many times.Also of course is aapl but I don't trade that one right now. Wait and see.