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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Bid Buster who wrote (25859)2/7/2003 4:31:55 PM
From: bramble88  Read Replies (1) | Respond to of 57110
 
boom boom ..maybe more like a 'put put'? LOL.

Note that looking at the COMP hourly, a not uncommon symmetry suggests itself: the sharp drop from 1450s is followed by an unrelenting but more controlled descent thru today's close -often this pattern is completed with yet another sharp drop that in this case would take us near 1255-1260.

I think of it as a sort of yielding consolidation ;-)

Also- not sure how to interpret this in a predictive sort of way other than forboding general weakness, but on the daily SPX candles, is that a Three Black Crows plus one? I don't feel confident about reading 3 Black Crow scenarios, although am aware of the supposed negative import; maybe someone else can be more specific.



To: Bid Buster who wrote (25859)2/7/2003 7:24:24 PM
From: stevenallen  Read Replies (1) | Respond to of 57110
 
I was thinking if nothing goes boom this weekend we could have a boom boom up day on monday - That's how I placed my bet as well BB - covered some shorts, bought some hedge longs, back to under 2:1 net short. I'm guessing that there has to be at least one serious bounce before OpEx, after which I'll reload the shorts for the next leg down.