Sudaca Posted November 16, 2007 Report Share Posted November 16, 2007 Repost from last night. In a nutshell... I think there's lots more room for fear to build on the way down before an IT bottom can be found. Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 16, 2007 Report Share Posted November 16, 2007 YM playing around with 13,200....was a huge battle at support here yesterday. so this should be resistance now.....if da bullz reclaim this level, would be warning sign to bears.... Link to comment Share on other sites More sharing options...
bondtrader Posted November 16, 2007 Report Share Posted November 16, 2007 this is the morning of buy backs .... http://biz.yahoo.com/ap/071116/cisco_buyback.html?.v=1 http://biz.yahoo.com/bizj/071115/1551973.html?.v=1 plus many more .... Aaron Rents RNT 5 mln shares expands prior plan Administaff ASF 1 mln shares adds to prior plan American International Group AIG $8 bln adds to prior plan Broadcom BRCM $1 bln thru 2008 Electronics for Imaging EFII $100 mln adds to prior plan First Community Bank FCFL $1.4 mln thru 2008 Hub Group HUBG $75 mln thru 6/30/09 Insight Enterprises NSIT $50 mln RLI Corp. RLI $200 mln double prior plan Surmodics SRDX $35 mln prior plan complete United Community Bancorp UCBA 180,918 shares 5% of outstanding Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 16, 2007 Report Share Posted November 16, 2007 Euro looks to have put in pivot low overnight at 1.46...as long as that holds, 1.50 still on the table into year end....if that pivot gets taken out...LOB Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2007 Report Share Posted November 16, 2007 qqqq almost back to yesterday's high. 3 day cycle indicators went to buy side from positive divergence in the after hours yesterday. 5 day cycle indicators went to buy side this morning. Both 5 hr and 3 day cycle projections appear to be pointing to 40.45-50.50 area. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2007 Report Share Posted November 16, 2007 Similar pic on spy except without the positive divergences. 3 day cycle projection near 147. 5 hr projection around 146.50-.60 Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2007 Report Share Posted November 16, 2007 dia is lagging. 5 day cycle indicators just now trying to cross to the buy side but price is hitting resistance at the 3 day cycle MA at 131.84. 5 hr cycle projection of 132 hasn't been hit. no 3 day cycle projection. If the dia begins to show strength, then the market as a whole should try to rally this AM. However, if the DIA falls back and is unable to break the 3 day cycle MA, I'd expect the rally in the Qs and SPYs to fizzle. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2007 Report Share Posted November 16, 2007 key levels SPY resistance at 8 day cycle MA 146.81. support should be at 5 day cycle MA 146.20, and 3 day at 145.84. Above those levels, up phase is intact. Below them, cycle is rolling over. QQQQ is above the 8 day at 50.22. SHould be support. Key resistance line 50.55. Above 50.22 bullish. Below 5 and 3 day cycle MAs now converging around 50.03, bearish. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2007 Report Share Posted November 16, 2007 spy 5 hr cycle indicators just dipped to the sell side. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 16, 2007 Report Share Posted November 16, 2007 Looked throught 15 min charts and things are starting to improve. Thinking the 2 day sell down after the rally is over. 625102[/snapback] You still long? Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2007 Report Share Posted November 16, 2007 I have to leave for a couple of hours. Don't let anything too exciting happen! Later! Link to comment Share on other sites More sharing options...
Drano Posted November 16, 2007 Report Share Posted November 16, 2007 Huh, futures were up almost 8, now only up almost 5. I thought we needed a big gap up to hose more SPX put holders. Link to comment Share on other sites More sharing options...
Sudaca Posted November 16, 2007 Report Share Posted November 16, 2007 this pop is gonna fizzle fast Link to comment Share on other sites More sharing options...
Drano Posted November 16, 2007 Report Share Posted November 16, 2007 Aussie awakes refreshed and ready for another big trading day, after not setting the alarm. Hmmm. Why that big grin, Aussie? Did something interesting happen in overnight, um, "market" action? 625097[/snapback] Nothing you want to hear about, Drano... 625098[/snapback] On the contrary, I think we ALL want to hear all about it ! ! ! ! :lol: Link to comment Share on other sites More sharing options...
Sudaca Posted November 16, 2007 Report Share Posted November 16, 2007 Industrial Production -0.5% vs +0.1% exp. Link to comment Share on other sites More sharing options...
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