i hear ya. i think with todays follow through decline..and having an important index like the transports getting killed today down a 170 pts so far…the odds for going lower..and maybe even getting south of spx 1900 just got a little higher. we can be sure spx 1920 will be tough,so we’ll watch that if we get there today or tomorrow-this newest negative iraqui news and oil rally seem to be an issue for the market today. we should know pretty well by monday.
The charts are still bearish looking even though I “feel” like we should get a bounce soon… maybe into the close today? I’m so used too the bears getting screwed that I’m afraid to hod short for very long in fear of a rip higher on some manufactured news.
Well, it’s pretty obvious where the markets are right now. I guess it’s just time to sit and relax and wait for denouement. World Cup starts tomorrow in Brasilia so I guess kick back and enjoy.
Today was 12years 9 months from you know when……guess how many weeks we are coming up on?
well i think a select group of very wealthy well connected insider funds own the lions share of all the good stuff that they were able to get in on at bargain 2009 and 2010 prices…and sitting on huge gains.- not many middle class folks can buy anything here now..as not much is what you’d call cheap here. if i were an investment adviser for lower level millionaires just getting started..i’m not sure what i would recommend for a starting portfolio and feel real good about it.-so based on that theory..i could see the volume stay real low here..either way.- not a lot of buyers..but also very few sellers as i think the funds feel confident about holding here still with the fed policies staying in place for now.- frustrating for those of us that want some real volatility in a wide trading range.
maybe i’m wrong and we’ll be down 300 dow pts tomorrow..and then 500 pts more on thurs.- the very low vix says otherwise but ya never know. 🙂
i hear ya. i think with todays follow through decline..and having an important index like the transports getting killed today down a 170 pts so far…the odds for going lower..and maybe even getting south of spx 1900 just got a little higher. we can be sure spx 1920 will be tough,so we’ll watch that if we get there today or tomorrow-this newest negative iraqui news and oil rally seem to be an issue for the market today. we should know pretty well by monday.
The charts are still bearish looking even though I “feel” like we should get a bounce soon… maybe into the close today? I’m so used too the bears getting screwed that I’m afraid to hod short for very long in fear of a rip higher on some manufactured news.
thanks RDL
GOLD Resistance levels: http://niftychartsandpatterns.blogspot.in/2014/06/gold-resistance-levels.html
SPX Update: http://screencast.com/t/w324hgl0g
Well, it’s pretty obvious where the markets are right now. I guess it’s just time to sit and relax and wait for denouement. World Cup starts tomorrow in Brasilia so I guess kick back and enjoy.
Today was 12years 9 months from you know when……guess how many weeks we are coming up on?
EURUSD Weekly support levels: http://niftychartsandpatterns.blogspot.in/2014/06/eurusd-weekly-support-levels.html
sounds good.- thanks.
Yep… I agree with you. We’ll know tomorrow and Thursday. Whatever low they give us I still see it happening on Thursday or Friday morning.
well i think a select group of very wealthy well connected insider funds own the lions share of all the good stuff that they were able to get in on at bargain 2009 and 2010 prices…and sitting on huge gains.- not many middle class folks can buy anything here now..as not much is what you’d call cheap here. if i were an investment adviser for lower level millionaires just getting started..i’m not sure what i would recommend for a starting portfolio and feel real good about it.-so based on that theory..i could see the volume stay real low here..either way.- not a lot of buyers..but also very few sellers as i think the funds feel confident about holding here still with the fed policies staying in place for now.- frustrating for those of us that want some real volatility in a wide trading range.
maybe i’m wrong and we’ll be down 300 dow pts tomorrow..and then 500 pts more on thurs.- the very low vix says otherwise but ya never know. 🙂