Monster in the making?

[NihabaAshi]

Quote from volente_00:

Where have you guys been ?

I remember that post in the infamous Market Calls thread (took me awhile to find it again).

http://www.elitetrader.com/vb/showthread.php?s=&threadid=48532&perpage=5&pagenumber=85

Was hoping others would join in and make it a big discussion...didn't happen because everybody was too busy making their own calls in whatever they were trading.

Anyways, hope you been exploiting this price action ???

NihabaAshi

 

[duard]

06-18-05 09:00 PM

Interestingly the DJIA has made a 75 year record 7 days up last week on lower than average volume.

Oil is making new highs.

Volatility is more than a 10 year low.

Seems to me a shelf--"cliff" is forming.

Look out below. Everybody's bullish. That's when the risk is greatest.



YEEEEHAAAAAAA!!!!!!!!!

 

[volente_00]

Speaking of the pattern, who saw this one today ?


http://finance.yahoo.com/q/bc?s=^DJI&t=1d&l=on&z=m&q=l&c=