Dear Readers, today's limits.
Attantion O - OLD, N - NEW.
N QQQQ 46.99 - 47.28 ( 47. 42, 47.57 )
N GLD 65.41 - 65.62
N USO 49.50 - 50.32
N ECA 61.44 - 62.11
N SPX 1524.92 - 1529.15
N TSX 14145.16 - 14208.92
I like today's move. When you are going you want to get there. So, let's do it Dear QQQQ and get to 48.25 then we will short you my friend(: :) 10:08 ET
Funny how all indices hit records at the same time. There is nothing like the "FOR SALE" sign in the window for bozos to come in... Remember what we said. What does the thief need? - A dark night. So the indices ( thiefs ) are taking full advantage of the temporary $ weakness (Dark Night)!!!
Is anybody watching how BPound has erased 50% of 4 weeks decline in one day? That is the markets for you dear readers. You waited for things to start way before 5/23 and it all happened in one day... I hope you are learning ( to be patient I mean ).
Jim Taylor, JD said...
At Resistance:
NAZ 2601 (51 Squared)
NYSE 9975
S&P 1530.76
N100 1920.63
Jim
5/23/2007 8:20 AM
Good Trading
16 comments:
Such games.........and the jaws open wider. Thanks again for sharing your work Boris.
Dear Daveo, Exactly the way I feel and the destination is almost visible now 1550 on SPX and 48.25 on QQQQ...
Are we there yet?
Good Trading
Dear Boris, I beieve we may see your top next week. I'm riding short the shenanigans for the next couple of days. More swing trading than the short term trades that you are so good at. I'm learning on the short term, thank you.
IBM's not going along with this rise...hmmm
Dear Daveo, When we get there we ought to know. It may well be next week or the week after. It is fun though to see the preannounced signposts past by. Good Trading.
Dear Sqroot, why would IBM not go with it? Any good reasons?
Good Trading
I don't know Boris (IBM). Makes me think reversal. I was thinking IBM should be good to 110.
Dear Sqroot, I have 111.30 for IBM.
GOod Trading
Cool! I wasn't that far off.
Homebuilders are ready to sink.
Dear Greenie, Good To hear from you. Good Trading
At Resistance:
NAZ 2601 (51 Squared)
NYSE 9975
S&P 1530.76
N100 1920.63
Jim
keep an eye on the 10yr note $TNX... it spells trouble. Also the $ust3m and $ust6m had weekly reversal bars. somehow the pundits will spin this bullish for equities but we will know better.
sorry, meant to say $ust3m and $ust6m had weekly candlestick hammer bar.
Dear Haleydog. Welcome back. Indeed the interest rates are going higher and we started warning about them just in time before the last run up. You are right about the damage it can/will do to the market.
Good Trading
thx. been around, just haven't been posting recently.
IYR broke neckline of nice H&S. Rallying now into old support now resis. worth watching. Long some SRS to play it.
Good trading to you to !
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