Yeah, and from the looks of the action today in the market I’d say we are either already topped (today) or will be tomorrow sometime. Even if it’s tomorrow I don’t see any big move up. Probably another small up move at best.
Or we start to sell off nicely, which is my preferred choice. If all goes well then we’ll bottom this Thursday or Friday.
Just a side note, today is a 22 day and the high on the SPX was 1955.55… which is a lot of 5’s! Could mean nothing or it could mean the short term top was today? Just throwing that out there to think about. Since we never hit Dow 17,000 today they might want it first before selling off a little… or they know all the bears are waiting there so they fall short of hitting and make the bears chase the move down (which implies the high is in today and not on Tuesday).
thanks for the update. – feels like we may be in tight range for bit the way today went. – lets see what they give us in the morning. 🙂
Yeah, and from the looks of the action today in the market I’d say we are either already topped (today) or will be tomorrow sometime. Even if it’s tomorrow I don’t see any big move up. Probably another small up move at best.
Or we start to sell off nicely, which is my preferred choice. If all goes well then we’ll bottom this Thursday or Friday.
thanks for the new post RDL. lots of interesting things in there.
Just a side note, today is a 22 day and the high on the SPX was 1955.55… which is a lot of 5’s! Could mean nothing or it could mean the short term top was today? Just throwing that out there to think about. Since we never hit Dow 17,000 today they might want it first before selling off a little… or they know all the bears are waiting there so they fall short of hitting and make the bears chase the move down (which implies the high is in today and not on Tuesday).
New email about a penny stock pick went out just now…
New Post: http://reddragonleo.com/2014/06/09/bulls-in-control-until-mid-summer/
looking forward to your new post RDL. – thanks.
looks like it’s going to be hard for the boys to resist taking it to dow 17,000,at least for an intraday rub.
I wrote a new post tonight (Sunday) but I’m too tired to do the video and make the annotations on the charts, so I’ll finish it up Monday and post it.
ok amy…thanks for your view. – at 1950,even a 2% pullback is playable. see you monday.