Market is churning...

Restricted · Nov 15, 2005

that was the pullback, hope you all got long.

patoo · Nov 15, 2005

and it started out such a nice day!

Trend Fader · Nov 15, 2005

Looks like i nailed the low on those options... market ist till churning and burning.. very boring tape...

patoo · Nov 15, 2005

HA! advance/decline just went positive

Trend Fader · Nov 15, 2005

I covered the rest of options @ .55 and went into complete cash in portfolio...

patoo · Nov 15, 2005

am beginning to agree with you, Trendfader.

much more of that churning/U turn business and this rally is over.

dac8555 · Nov 15, 2005

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.

DeepFried · Nov 15, 2005

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.

Apex Capital · Nov 18, 2005

Quote from patoo:

am beginning to agree with you, Trendfader.

much more of that churning/U turn business and this rally is over.

A new 4.5 year closing high in the SPX today.
1248.27

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

rubberbird · Nov 18, 2005

Quote from Lithium Capital:

A new 4.5 year closing high in the SPX today.
1248.27

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

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.