With the Dow down 100 and the TLT only up pennies this looks
like another contrived market manipulation, imho.... Watch the
bonds if they really take off to the upside this sell off is real.
Otherwise it's just a way to cancel the calls.
Michael as I talked about, it's possible that wave 5 was already
in, or this could still be a wave 4, hard to say, but looks like
there is more downside nonetheless, hell the 38% Fib is still way
down there at 1065 and that's a minimum correction, the 50% fib is
1055. If wave 5 was in, then you could expect a deeper
retracement, maybe 50% or more
Otherwise looks like all those stochastics crossed as
well. Looks like the 144 Stochastics on the 15 min charts and
60 period from the 30 min chart were the good signals is
appears.
Head Fake for Options X ?
Posted by ditch on 16th of Jul 2010 at 09:54 am
With the Dow down 100 and the TLT only up pennies this looks like another contrived market manipulation, imho.... Watch the bonds if they really take off to the upside this sell off is real. Otherwise it's just a way to cancel the calls.
Make that almost 200 points
Posted by benjee on 16th of Jul 2010 at 10:13 am
Make that almost 200 points and TLT only 38 pennies, Yes, that is really funny.
maybe, but this seems like
Posted by Michael on 16th of Jul 2010 at 09:59 am
maybe, but this seems like a fairly impulsive move down.
Michael as I talked about,
Posted by matt on 16th of Jul 2010 at 10:11 am
Michael as I talked about, it's possible that wave 5 was already in, or this could still be a wave 4, hard to say, but looks like there is more downside nonetheless, hell the 38% Fib is still way down there at 1065 and that's a minimum correction, the 50% fib is 1055. If wave 5 was in, then you could expect a deeper retracement, maybe 50% or more
Otherwise looks like all those stochastics crossed as well. Looks like the 144 Stochastics on the 15 min charts and 60 period from the 30 min chart were the good signals is appears.
range bound?
Posted by robincage1 on 16th of Jul 2010 at 10:43 am
Looks like we could bounce around between 1055 and 1100 for a couple of weeks, maybe a month, for symmetry for a right shoulder on the SPX
thanks matt -- yes --
Posted by Michael on 16th of Jul 2010 at 10:15 am
thanks matt -- yes -- those charts with the long stochastics are great confirmations.
Here's some statistics about this
Posted by matt on 16th of Jul 2010 at 10:19 am
Here's some statistics about this current date range for informational purposes
read that statistically that today is down and the next trading day after July expiration has been down 20 of the last 26 days, we'll see..