DOW stands above 200MA following NDX.
Today's COMP reversal is typical after creating a local high, considering the mild volume, this retreat doesn't indicate any sort of meaningful reversal is immenient.
Sentiment still favors further rally, still a lot of people don't believe this too quick,too much thing, shorts have to prepare for further torture ahead.
Commodities snapped back on a US$ up day, I am not surprised to see oil revisit $120 a second time. The head-n-shoulder TA target for DUG is $26-27.
I see short term current market is still a buy on dip scenario, say COMP pulls back to 2400s. I still see SPX visits 1430 area short term.
Stock cruises higher, commodity snaps back, probably sometime in mid May, all assets start sell-off, that make more sense if the claim we are in a recession is true.
Don't read too much into Put / Call too much on a daily basis, it is hard to tell whether traders are opening new positions or just closing the existiong positions.
Again, for longs any futher rally from current level should be sold relentlessly into, but DON'T JUMP THE SHORT GUN. It takes a while to form a mid-term top. I am waiting for a up day with huge volume and sharp decline in VIX.
Day 25: DJI closed @ 13059, +1000 target reached by 84.2% < intra-day reached 91.6% >
Day 20: DJI closed @ 12891, +1000 target reached by 67.5%
Day 15: DJI closed @ 12849, +1000 target reached by 63.3% Day 10: DJI closed @ 12325, +1000 target reached by 10,9% Day 5: DJI closed @ 12609, +1000 target reached by 39,3% Day 0: DJI closed @ 12216, +1000 target reached by 0%
原帖由 小小草 于 2008-5-1 20:51 发表 没有任何地方看出你现在应该SHORT。然而,对多方来讲,后继的RALLY一定要不抱幻想的,好不手软的SELL INTO THE RALLY。 如果没有明天就业报告这个不确定因素,近几天应该是一个继续上攻的行情。NDX/TRAN/SOX/RLX 带领 ...
[ 本帖最后由 短期空袭警报 于 2008-5-2 17:21 编辑 ] |