PM update:
More volatility but the bias is bullish now. ES is back above 1467.50, after an earlier dip. NQ is holding R1. Watch VIX 24.42 resistance. The two red flags are a bond bid and TRIN above 1. This is why you are better off scalping.
More volatility but the bias is bullish now. ES is back above 1467.50, after an earlier dip. NQ is holding R1. Watch VIX 24.42 resistance. The two red flags are a bond bid and TRIN above 1. This is why you are better off scalping.
This entry was posted
on Thursday, August 30, 2007 at 8/30/2007 01:05:00 PM.
You can skip to the end and leave a response.
8/30/07 1:45 PMISEE looking pretty heady too
8/30/07 1:49 PM
The big guns are waiting for next week.
8/30/07 2:02 PM
To buy in? The funds? Drive it up a few days. Im looking for that and then to watch the drop.
8/30/07 8:25 PM
September option expiration will be up. the question is from where. but I see a big rally next month.
8/31/07 7:31 AM
The breakout to the upside for the DJ-30 out of triangle formation should be at about 13,425. Upside potential 700-800 points. We could cover that in a month. Conversely, 13,050 could see 800 points down. The last 15 years of the DJ-30 have produced ~ 50% up and 50% down months of September. Judging by this mornings futures we could see that upside break today, Friday.
» Post a Comment