News Focus
News Focus
icon url

RCKS

05/14/03 9:38 AM

#13753 RE: Bernard Ng #13751

Good morning Bernard
You may get your 9000 this week in a blow off top where the Dow will be the last to make new highs but succeeds due to Delta hedging as we are above Max-Pain. A couple of targets for the SPX are 975 and 998 that I am stealing from velo. He is calling for Friday to be the end to the Ramp.

Of course 950 could still be resistance on the SPX and we Gap and Crap right here.
Good trading Bernard
steve
icon url

RCKS

05/14/03 9:48 AM

#13754 RE: Bernard Ng #13751

Maybe we have Buyer exhaustion because futures were ramped pretty good and the open had buyers but the market looks lost now. by that I mean we are stalled
not selling or buying. There is no volume here, sellers are not moving this or we would drop in a hurry.
steve
icon url

bbgold

05/14/03 9:59 AM

#13756 RE: Bernard Ng #13751

Oops Sell but watching Support
The up move at the open followed by a move below the open is an Oops Sell signal so far. Will be watching to see if the Support from yesterday will continue to hold, or at the 100/320SMA. Watching the TRAN and the TRIN also. Markets still in buy the dip mode?
Enjoy the Day Bernard! :^)


icon url

Bernard Ng

05/14/03 10:07 AM

#13758 RE: Bernard Ng #13751

I forgot to change the Short Term Long to Short... wtf... I said that I will fade the gap today... ggg