I would very much like to see the NYMO today, I am sure it will be overbought if we finish like this today, leaving almost no room for a beginning of month rally..
Cobra wrote:interesting, it's still in the morning, already 7 pages.
Remember once you said that high volume of visit when market near bottom -- the essence probably many people (bulls) are in much pain there. Hope the opposite also works, near the top when also many poople, bears this time, are in great pain.
yes, bears are in pain but unfortunately, i don't have good news for bears. it's very very rare that the market reverse sharply here, so bears need a miracle here.
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I think very short term, the market is up. However, i've noticed something interesting today. The last few push up has tick reading below 700. Then the push up gets faded quickly. I think it suggests a weakness in strength. Definitely not falling yet. What is the seasonality of July 1st
Cobra wrote:interesting, it's still in the morning, already 7 pages.
Remember once you said that high volume of visit when market near bottom -- the essence probably many people (bulls) are in much pain there. Hope the opposite also works, near the top when also many poople, bears this time, are in great pain.
yes, bears are in pain but unfortunately, i don't have good news for bears. it's very very rare that the market reverse sharply here, so bears need a miracle here.
I'd been quiet recently (6/14 - 6/28) because of the big moves in volatility are great for trading like crazy. Last two days it's just sit and watch grind higher so very little to trade. I want the volatility back! (as does the bears)
Cobra wrote:interesting, it's still in the morning, already 7 pages.
Remember once you said that high volume of visit when market near bottom -- the essence probably many people (bulls) are in much pain there. Hope the opposite also works, near the top when also many poople, bears this time, are in great pain.
yes, bears are in pain but unfortunately, i don't have good news for bears. it's very very rare that the market reverse sharply here, so bears need a miracle here.
cobra laoda why dun u trade the es instead of the spy?
Cobra wrote:interesting, it's still in the morning, already 7 pages.
Remember once you said that high volume of visit when market near bottom -- the essence probably many people (bulls) are in much pain there. Hope the opposite also works, near the top when also many poople, bears this time, are in great pain.
yes, bears are in pain but unfortunately, i don't have good news for bears. it's very very rare that the market reverse sharply here, so bears need a miracle here.
cobra laoda why dun u trade the es instead of the spy?
I trade ES. I show you spy chart is because it's convenient to show. besides, trade leveraged ETF has some good points which I explained before, mainly because it's easy to hold both direction during the trend transition period.
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NY low volume day. End of quarter near, 401K statements, etc. going out. Last quarter finished about SPX 1325 and near that now. Stock mutual fund outflows this past quarter. USD dollar 4 day downtrend mirrors SPX uptrend. No high TICK since 10AM. TICK & TRIN nuetral. No selling yet. Has the mission to stem the mutual fund outflows been accomplished? Mutual fund flows second hand news, can anyone confirm? After typing all this I see HK88 just said something similar, oh well, bears repeating.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
Cobra wrote:interesting, it's still in the morning, already 7 pages.
Remember once you said that high volume of visit when market near bottom -- the essence probably many people (bulls) are in much pain there. Hope the opposite also works, near the top when also many poople, bears this time, are in great pain.
yes, bears are in pain but unfortunately, i don't have good news for bears. it's very very rare that the market reverse sharply here, so bears need a miracle here.
cobra laoda why dun u trade the es instead of the spy?
I trade ES. I show you spy chart is because it's convenient to show. besides, trade leveraged ETF has some good points which I explained before, mainly because it's easy to hold both direction during the trend transition period.
very first touch of EMA20 for more than 2 hours, should be a long setup somewhere around here. the thing not good for bulls are green and pink.
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"it's very very rare that the market reverse sharply here, so bears need a miracle here."
Look at chart, many times huge rally on 7/4, then huge gap down after 7/4. Be prepaired.
But this time, the post 7/4 game may be gap up=final top, then down. Since toooooooo many put need tobt killed.
USO been diving since 11am. What's the news?
Answering my own post, from Zero Hedge :
"Per Reuters: "The International Energy Agency could decide by mid-July whether the release of strategic oil reserves needs to be extended for a month or two, an official said." And there is that transitory word again: "Richard Jones, deputy executive director of the IEA, said he believed the release would be temporary since demand would likely drop in the fourth quarter."
Last edited by rhight on Thu Jun 30, 2011 12:44 pm, edited 1 time in total.
Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS