tag:blogger.com,1999:blog-2335748440449035592.post7343073927501244131..comments2008-06-20T16:18:08.685-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2335748440449035592.post-13072858367852800112008-06-20T16:18:00.000-04:002008-06-20T16:18:00.000-04:00For a minute there I thought they would really close us over the 200sma on the weekly.<BR/><BR/>Silly me.<BR/><BR/>2 previous breaks in 08, and a series in 04 were restrained to a matter of days or less.<BR/><BR/>Last time it wasn't short lived was March 2001. If we don't rally right quick next week, I'll be taking that as a strong sell signal even if we don't fall much either.cm202bchttp://www.blogger.com/profile/01223048799754759550noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-2519197520501947122008-06-20T16:14:00.000-04:002008-06-20T16:14:00.000-04:00I some hedge funds leaked "Israel might bomb Iran" news to spike up oil today. Has anyone looked into futures trading and these commemnts?Wanhttp://www.blogger.com/profile/04490150668710827751noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-33651046309393325492008-06-20T15:36:00.000-04:002008-06-20T15:36:00.000-04:00Mkt is oversold again after today..Wanhttp://www.blogger.com/profile/04490150668710827751noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-5408443542174381022008-06-20T14:52:00.000-04:002008-06-20T14:52:00.000-04:00Remember, I took off some short exposure around 1325 yesterday looking for at least some bounce. All we got was some of that nonsense in the afternoon that was not much.<BR/><BR/>So I am basically getting some of that back.<BR/><BR/>Invisible Hand is always probable. But at times they get overwhelmed. Let's see 3:30 to 4:00 PM when they do their work what happens. Any close below 1325 is bearish.<BR/><BR/>The question is will longs throw in their towel fearing Monday?<BR/><BR/>if you turn the S&P chart upside down what do you see? it would be a buy buy buy chart. So what does it mean right side up. The opposite.<BR/><BR/>Last 30 minutes will be key. Get your popcorn readyTraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-89463670159160191632008-06-20T14:48:00.000-04:002008-06-20T14:48:00.000-04:00adding? but I have been selling into this short rally all day; counting on the invisible hand to provide reload in the last few minuteshrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-68365424345868139762008-06-20T14:47:00.000-04:002008-06-20T14:47:00.000-04:00Mostly TWM but I added a little bit to everything except ironically the most hated - SKF. I think we have to be approaching the 8th inning or so on that one, but could be wrong. Perhaps all these banks go to $0 and we're left with Goldman and JPMorgan only hah.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-2126214224018497932008-06-20T14:35:00.000-04:002008-06-20T14:35:00.000-04:00Hey mark, what short positions are you adding?<BR/><BR/>I closed out SRS and SCC. Not sure if I should add some or not. <BR/><BR/>Thanks.HongHhttp://www.blogger.com/profile/03575935294024447985noreply@blogger.com