Sullivan talked .....the Market listened !
From our Virtual Trading Room Transcript
11:57:14 PST> Fari_Hamzei : 2 min before last hour begins
12:00:15 PST> Fari_Hamzei : what happened with SLV ?
12:00:54 PST> Fari_Hamzei : weekly outside bar reversal completed today !!
12:04:28 PST> Thomas_Bohn : we turned when treasuries sold off
12:05:09 PST> Thomas_Bohn : if that was the source of funds
12:05:19 PST> Thomas_Bohn : to buy equities
12:05:36 PST> Thomas_Bohn : the buying may be done
12:07:09 PST> Fari_Hamzei : Ken, are you happy now ?
12:10:41 PST> Ken_McCue : I am always happy!
12:13:34 PST> Ken_McCue : Interesting divergence between the BCs and the ES / SPX
12:14:10 PST> Fari_Hamzei : yes but not between HBs and NQ
12:14:17 PST> Fari_Hamzei : BUY pgms
12:14:25 PST> Fari_Hamzei : high TICK again
12:16:10 PST> Thomas_Hall : yen not really losing its bid though
12:20:03 PST> Brad_Sullivan : I think
12:20:09 PST> Brad_Sullivan : the key of bottoming
12:20:15 PST> Brad_Sullivan : is how we finish this hour
12:20:27 PST> Brad_Sullivan : sellers came in right at the stroke of 2:00 pm CST
12:20:50 PST> Brad_Sullivan : the final 30 minutes
12:20:53 PST> Brad_Sullivan : should be eventful
12:20:57 PST> Brad_Sullivan : any push
12:21:00 PST> Brad_Sullivan : below
12:21:05 PST> Brad_Sullivan : 1404 in SP H7
12:21:16 PST> Brad_Sullivan : on a settlement basis
12:21:29 PST> Brad_Sullivan : would leave me wondering
12:21:34 PST> Brad_Sullivan : if this was not a setup
12:21:38 PST> Brad_Sullivan : for more downside
12:21:40 PST> Brad_Sullivan : next week
12:22:03 PST> Fari_Hamzei : we will see a vol retest
12:22:12 PST> Fari_Hamzei : maybe sooner that later
12:22:15 PST> Fari_Hamzei : i favor later
12:22:27 PST> Fari_Hamzei : when everyone is very comfy
12:22:49 PST> Thomas_Bohn : very good points
12:23:02 PST> Thomas_Bohn : if they can't finish the job
12:23:12 PST> Thomas_Bohn : it won't look good
12:23:16 PST> Brad_Sullivan : right
12:23:18 PST> Brad_Sullivan : in addition
12:23:23 PST> Brad_Sullivan : the move up
12:23:30 PST> Brad_Sullivan : was on very light volume
12:23:41 PST> Brad_Sullivan : NOT THE EARLY REVERSAL UPDRAFT
12:23:45 PST> Brad_Sullivan : but the move
12:23:52 PST> Brad_Sullivan : from 11:30 to 2:00
12:26:45 PST> Thomas_Bohn : Sullivan talked .....the market listened !
12:29:24 PST> Ken_McCue : Yep good call - pyshic?
12:29:41 PST> Thomas_Bohn : very nice Brad
12:30:02 PST> Brad_Sullivan : every now and then
12:30:10 PST> Fari_Hamzei : LOL
