Replies to post #548 on Market Sense and Sentiment (MKTSS)

[Bernard Ng]

Hi leapyear, I will go short when DOW violates 10200, that's one significant support level. DOW tried to test 10300, but no luck so far... ADX is going higher in the current downturn, that's not a good sign.

signed,
Bernard

[bbgold]

Hi Leapyear, I also think that we will get some retracement here. I am not sure if it will be just a short correction or not. The morning GapUps that we have been having have indeed been getting filled and then the markets will continue to move higher. How long that will continue to happen I cannot say. I am still looking at buying some Puts so you might want to look into buying some Calls on Pullbacks <GG>. Open interest on Calls seems to still be increasing. I Think that the markets will continue to Perhaps move higher until the end of the month. If we do not get any Great economic news coming out then I think that the decline the markets had last year from Feb to April might be repeated, maybe. I hope this helps.
Happy New Year Leapyear! :^)