Market is churning...

Discussion in 'Trading' started by Trend Fader, Nov 14, 2005.

  1. that was the pullback, hope you all got long.
    #31     Nov 15, 2005
  2. patoo


    and it started out such a nice day!
    #32     Nov 15, 2005
  3. Looks like i nailed the low on those options... market ist till churning and burning.. very boring tape...
    #33     Nov 15, 2005
  4. patoo


    HA! advance/decline just went positive
    #34     Nov 15, 2005
  5. I covered the rest of options @ .55 and went into complete cash in portfolio...
    #35     Nov 15, 2005
  6. patoo


    am beginning to agree with you, Trendfader.

    much more of that churning/U turn business and this rally is over.
    #36     Nov 15, 2005
  7. dac8555


    so what is going on...i cant tell if the amrket cant sustain a short rally or it cant sustain its downward momentum...very confused.:confused:
    #37     Nov 15, 2005
  8. I'm thinking we might actually have a real pullback over the next week or so. BUT only if the CPI, oil inventories, etc. are not super bullish numbers.

    Nothing crazy, just back to the 20 day moving average on the major indices. We're a bit overbought here.
    #38     Nov 15, 2005
  9. A new 4.5 year closing high in the SPX today.

    Five consecutive weeks up for the NAZ.
    Four consecutive weeks up for the SPX.

    #39     Nov 18, 2005
  10. really? what's your point? you think people on elitetrader don't know where the indices closed? how lithiumed up are you?

    calling al-zarqawi and his masked buddies: please goto lithium capital's studio apt. in san fran. he would like to invite you over for a "knife sharpening" party.
    #40     Nov 18, 2005