Wednesday, October 21, 2009

sold other unit at 1092.50

11 comments:

Teich said...

Seems like the resistance at /ES 1096 is formidable.

John said...

Seems like good risk management to get out...people tend to forget that higher oil prices are bad for American consumer. Weak dollar good for internat'l conglomerates...disaster for average consumer.

Narayana said...

Hey Carl, what do you make of the divergences in 5- and 10-dma of A/D issues?

jeff said...

agreed.

just an observation, but the dollar is again getting hammered, yet the equity markets aren't doing much.

the dollar and equities have obviously been going in opposite directions, but today's activity seems to be a change in landscape. could it be that folks are getting concerned that a continued rise in oil could have ripple effect on our growth prospects?

Yāvar said...

It seems that a break to 1070-1075 has started. There hasn't been any major correction since Oct. 2 and it's the time to see one.

Alex said...

Now, if that's not a supply shock, then please show me what one looks like.

Yikes.

Larry said...

Yavar (sorry, I couldn't figure out how to get the accent over the "a" in your name), I had hoped a correct of any magnitude would not occur until the SPX had reached the 50% retracement level near 1120.

extrader said...

I do not see your 1120 on the horizon... I now see the start of a new Bear Mkt once we lose 1075 area!

Good Luck

andi said...

ok folks..be very careful..TOP may be at hand...tomorrow gapdown below 1075 & w/ that coffins for bulls

Kishore said...

During the last couple of days, there have been four major swings of approximartely 20 points each.

Carl, is there a way to accurately play each of the swings and capture all of the 80 points, at least theoritically if not practically?

andi said...

kishore, is that is possible one could be millionaire in a jiffy