Comments on: Light Volume Rules The Market Again…

By: jaywiz10534

jaywiz10534 — Wed, 25 Nov 2009 22:50:16 +0000

FAILURE to BREAK above 1121 at this juncture would be very bearish
They can still make a stab at it Dec7th to 10th
and or Jan 15th to 22nd
provided they dont test qtrly support at 9800, or 9400

Jay

By: jaywiz10534

jaywiz10534 — Wed, 25 Nov 2009 17:12:54 +0000

thanks REd, for your comment at the Jaywiz blog
thats WHY I have posted several times

BEST short opp will be Friday after the OPEN

There will be a LOT of overrun from the aspects of Today, and tomrrow which should spill over to Friday am
where at 8:30am there is a Moon 120 Sun, but its an ARIES moon indicating a DIFFERENT DIRECTION

See the blog for other reasons why NOV 30/Dec 1st offer
a pivot low
Jay
Jay

By: Captain_Koons

Captain_Koons — Wed, 25 Nov 2009 17:08:55 +0000

Good Stuff Leo. I really enjoy reading the blog everyday.

By: jaywiz10534

jaywiz10534 — Wed, 25 Nov 2009 16:50:16 +0000

FAILURE to BREAK above 1121 at this juncture would be very bearish
They can still make a stab at it Dec7th to 10th
and or Jan 15th to 22nd
provided they dont test qtrly support at 9800, or 9400

Jay

By: jaywiz10534

jaywiz10534 — Wed, 25 Nov 2009 11:12:54 +0000

By: Captain_Koons

Captain_Koons — Wed, 25 Nov 2009 11:08:55 +0000

Good Stuff Leo. I really enjoy reading the bog everyday.

By: moon

moon — Wed, 25 Nov 2009 10:47:35 +0000

good stuff! a post of appreciation for your work and efforts

By: humble1 (tm)

humble1 (tm) — Wed, 25 Nov 2009 07:52:54 +0000

great stuff on LP, RDL. he is one of my favorites.

By: Red Dragon Leo

Red Dragon Leo — Wed, 25 Nov 2009 02:36:13 +0000

I'm going to post this over at HOB too, but I just listened to an interview that is very interesting...

So, just in case any of you were thinking about going short tomorrow, think again...

According to Larry Presvento, the day after Thanksgiving has the highest percentage chance of closing higher. It is the "Single Most Positive Day in the History of the Stock Market", with the highest number of days closing UP that day.

74% of time the day after... which is this Friday, is UP! Do you really want to go short now?

To listen to the audio interview by click here...

http://www.tfnn.com/sti/rss.xml

Find the "Larry Pesavento 11-23-09" link. Then click on the "redirect.mp3" just below it, and it will play.

The part where he talks about it, is toward the end of the interview.

Red

By: PRAMOD

PRAMOD — Wed, 25 Nov 2009 02:29:52 +0000

Hi Red,

Don't you think the “rally to 1120 this week” and “Market never goes down the day before and after Thanksgiving” trade is too crowded now?