twignberries Posted June 29, 2004 Report Share Posted June 29, 2004 I'm scaling into some more shorts here. We could make a slightly higher high on the NDX in the next day or two, but this thing is looking weak IMO. The action is looking more and more like a complex top in the making - either a multi-shouldered H&S, or a megaphone. The divergence between the SPX and NDX will resolve soon I think. I'm betting the NDX resolves down, rather than the other way around. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 29, 2004 Report Share Posted June 29, 2004 Look at the metals Another thrashing Never seen anything that "appears" so hated Buying more... Take delivery Tomorrows post FOMC rally priced in already? Who doesnt know the script by now? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 29, 2004 Report Share Posted June 29, 2004 And here comes the US dollar Zero surprises on this end Link to comment Share on other sites More sharing options...
HiHat Posted June 29, 2004 Report Share Posted June 29, 2004 P/C..............keeps climbing....now 1.17.......not a good sign Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 29, 2004 Report Share Posted June 29, 2004 Standing in front of month end markup and the fed tomorrow is suicide for the shorts Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 29, 2004 Report Share Posted June 29, 2004 Whats wrong with Big Blue Anyone? Link to comment Share on other sites More sharing options...
longOnUranus Posted June 29, 2004 Report Share Posted June 29, 2004 990 N must have come down with a virus today...weak and feeble...taking after his Master... Link to comment Share on other sites More sharing options...
brian4 Posted June 29, 2004 Report Share Posted June 29, 2004 Opening now for 55 minutes-Helmets on, Buckle up-should be OUR way! Link to comment Share on other sites More sharing options...
HiHat Posted June 29, 2004 Report Share Posted June 29, 2004 the markets have exhibated bouts of consipation since nov. 03 i do believe that contrary to the usual refrain of "summer doldrums", the Trade after July 4..........is going to be wild and wooley.......... Link to comment Share on other sites More sharing options...
Lock Limit Down Posted June 29, 2004 Report Share Posted June 29, 2004 Got some key stocks breaking down No shortage of curve balls today Link to comment Share on other sites More sharing options...
brian4 Posted June 29, 2004 Report Share Posted June 29, 2004 LLD- Schaeffer noted a couple of days ago that the big screw was a good short as calls far outnumbered puts and the short interest had come way down! Link to comment Share on other sites More sharing options...
brian4 Posted June 29, 2004 Report Share Posted June 29, 2004 Launch the Anvil Scotty-Aye Capt. Anvil away-Blast Shield up all head full! Link to comment Share on other sites More sharing options...
An Ant Posted June 29, 2004 Report Share Posted June 29, 2004 Looks like bulls are determined to break SOX downtrend line. Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 venus went retrograde may 17th, the markets bottomed. june 30th venus goes direct. perhaps the top has been seen. or it will be seen by july 10th at the latest. the july 4th holiday tends to be a bullish time, thus the july 10 time frame. dharma Link to comment Share on other sites More sharing options...
Guest Posted June 29, 2004 Report Share Posted June 29, 2004 The Conference Board declared a 2 year high in consumer confidence...at the same time that the major retailers are coming up short of expectations. confidence and consumer spending are supposed to run in together. Somebody's lying, and I can assure you it is not the retailers. Think about it. Link to comment Share on other sites More sharing options...
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