S&P 500 & Nasdaq Analysis and Trends

[wallabe_short]

OIH & other random thoughts.




By: wallabe_short
16 Aug 2006, 08:17 PM EDT


Considering an OIH long here. Made a higher low on both daily and weekly charts. Could be considered a big sloping wedge on the daily, could break to upside. JMHO.

(Voluntary Disclosure: Position- No Position; ST Rating- Buy; LT Rating- Hold)



By: wallabe_short
16 Aug 2006, 07:24 PM EDT

VIX has gap near 11.50 from 05/05/2006. NVDA has gap near 28 from 05/12/2006. What do you think I will be doing once both those gaps fill


07/19/2006 show an open VIX gap near 17.70 :-0

Remember VIX always reverts to its mean, then seems to spike above/below the mean for a period of time.


By: wallabe_short
16 Aug 2006, 07:25 PM EDT

sheeet Steve...I rolled my IYR short into Sept, rolled call credit spreads over today. We will see. gulp.


(Voluntary Disclosure: Position- Short)




By: wallabe_short
16 Aug 2006, 08:15 PM EDT

If NVDA fills its gap at $28, if you take the lows from just this JULY of $17.50...that is a 60% up move in 1 month of time.

You think I'm not going to short that gap?

Oh, it'll be different this time lol