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loanwolf

07/07/11 10:10 AM

#67902 RE: 3xBuBu #67900

Following thru thus far, despite not being the strongest of synchronus breaks in elevations.

Some of the higher flyers not fairing so well after morning gap, ie. NFLX, BIDU, LULU
See if we get big bounces back in them or not

$SPX - Daily Candlesticks

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shankapotamus

07/07/11 12:06 PM

#67905 RE: 3xBuBu #67900

You must have loaded up on SPY puts the last two days like me... lol.
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loanwolf

07/07/11 4:05 PM

#67914 RE: 3xBuBu #67900

Tomorrow the pain begins IMO (for those long the market), fairy tale is over.

No rhyme no reason just feels that way to and action in Russle 2000

Exhaustion gap in IWM

+ Too many turning bullish now and near top of trading range

Just my best guess