One more thing (for those of you who also follow Atilla)… he closed out his longs at 519 OEX yesterday, and is no longer bullish. Remember he made that call when the market was around 1040 spx, and it rallied up over a 100 points from there.
Pretty good call… congrats to him on that one. His target was 520-525 on the OEX, and I’d say 519.64 is close enough to say you met your target.
And, who’s to say we don’t still rise up and hit it? The market is trying to get to the 1160-1170 spx level, and that would match up with about 525 on the oex. So, it’s still possible.
I would love to see it spike up there at the end of the day, and set Monday up for a big down day. It could happen? Talk about trapping a bunch of bulls, and squeezing out the all the bears today… that would surprise everyone! LOL
Remember gang, today is opx for the weekly’s. So it’s likely that it will remain up here at this current level the rest of the day, as you know they already have a price target set for the close today.
While it could sell off some, they have the bears trapped here now and they aren’t likely to let them off the hook. Monday will be a different story though… especially if all these charts become overbought by the end of the day.
Bears will get killed if that print plays out. But, it could match up with the DIA 118.16 print? Hard too calculate them together, but matching it up with the SPX would put it somewhere between 1260 and 1280… would be my best guess.
Don’t forget about the FP we have on JPM…
http://reddragonleo.com/wp-content/uploads/2010/09/jpm-fp-31-02-on-09016-2010.jpg
JPM and UAW duking it out. Will UAW have any effect on JPM?
http://www.mlive.com/auto/index.ssf/2010/09/uaw_to_pull_millions_from_chas.html
One more thing (for those of you who also follow Atilla)… he closed out his longs at 519 OEX yesterday, and is no longer bullish. Remember he made that call when the market was around 1040 spx, and it rallied up over a 100 points from there.
Pretty good call… congrats to him on that one. His target was 520-525 on the OEX, and I’d say 519.64 is close enough to say you met your target.
And, who’s to say we don’t still rise up and hit it? The market is trying to get to the 1160-1170 spx level, and that would match up with about 525 on the oex. So, it’s still possible.
I would love to see it spike up there at the end of the day, and set Monday up for a big down day. It could happen? Talk about trapping a bunch of bulls, and squeezing out the all the bears today… that would surprise everyone! LOL
Remember gang, today is opx for the weekly’s. So it’s likely that it will remain up here at this current level the rest of the day, as you know they already have a price target set for the close today.
While it could sell off some, they have the bears trapped here now and they aren’t likely to let them off the hook. Monday will be a different story though… especially if all these charts become overbought by the end of the day.
Bears will get killed if that print plays out. But, it could match up with the DIA 118.16 print? Hard too calculate them together, but matching it up with the SPX would put it somewhere between 1260 and 1280… would be my best guess.
We also have the QID print of 4.96
http://reddragonleo.com/wp-content/uploads/2010/06/QID-fake-print.jpg
The FP of 118.16 wasn’t on the SPY, it was on the DIA…
http://reddragonleo.com/wp-content/uploads/2010/04/DIA-misprint-03-31-20101.jpg
Thanks… and I agree with you. It’s the closing price yesterday, so the print is real and not a FP.
Red,
Didn’t you have a FP of 118.xx……maybe we are headed there !!
That is not fake print to 112.50