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Yuki,
How about testing the 10,600 soon ?
Dimitris
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi DIMITRIS,
>
> Nothing happened today to change the viewpoint I had yesterday. We
> tried higher in the AM and failed; we tried lower in the PM and
> failed. Futures closed unchanged, ^225 down less than 0.2 percent.
>
> It still looks constructive to me (and I remain holding a modest
> amount of longs that are green). A good initial test area is about
> 10,930 basis the ^225, and we held that without even a touch. At
> about 10,865, I'd consider putting on some serious additional
> positions and give them 72 hours or about a percent, maybe a percent
> and a half. I don't really expect to see that opportunity, but it's
> a target and it's certainly a possibility with this low volume this
> week. Both lines are rising now, however, so the targets tomorrow
> will be easier to hit. As the lower target approaches 10,900, if we
> are still hovering here the Osaka gang may decide to hit it and see
> what happens psychologically.
>
> On an "eyeball" basis, what I saw today was: No large buyers pushing
> higher at all, but numerous large buyers sneaking in from time to
> time to pick off large offers once they built up after periodic
> weakness followed by little or no bounce. Bids were being hit mostly
> by smaller players, it appeared. Shake the tree and see who falls
out
> -- some people are positioned well and can take a 2 or 3 percent
dip,
> some can't.
>
> The old adage about never shorting a dull market may be operative
> right now.
>
> Best,
>
> Yuki
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