Yep… could be Permabear? I’m just doing a little junior stock trading right now as playing the spx is just too hard. The pick I put out in the newsletter yesterday went up nicely and put in a high of .52 cents. I’ll exit today and be happy with a 20% gain. It’s likely going up higher but looks overbought to me right now so I won’t get too greedy and will exit while there is some profit in it.
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Well, we have went up higher then I was expecting and past the 17th and 22nd… so tomorrow being the 29th should give us another chance at a possible top? The charts are extremely overbought from the daily on down to all the shorter time frames. But we bears know that they keep it overbought a lot longer then they let it stay oversold.
So I just don’t know the answer here on “when” we will top as so far they have blown past ever date and refuse to rollover. Obviously everyone can see the rising channel that we’ve been in since the 23rd for the 5 minute charts, so there’s not much point in talking about it. We’ll know more once it breaks.
Everything has been stretched to the max it seems and all bears are sleeping quietly in their caves right now. Nothing to worry about or fear as Bernanke and Obama have saved us from the depression once again. Just buy every dip and retire wealth they say… LOL!
For now we only have “Turn around Tuesday” to give the bears some kind of hope. But knowing that Bernanke is speaking on this week and will release the FOMC minutes on Wednesday the 30th I really wouldn’t expect much downside tomorrow even if we break the rising channel.
On the other hand, if Bernanke even hints at pulling in the $85 Billion per month we’ll see some nice selling afterwards. It’s all too quiet right now… as if the world is asleep. Sounds like the perfect time to start another storm if you ask me, but I’m just guessing now as there’s nothing to indicate to me when they will let the market top and rollover.
Yep… could be Permabear? I’m just doing a little junior stock trading right now as playing the spx is just too hard. The pick I put out in the newsletter yesterday went up nicely and put in a high of .52 cents. I’ll exit today and be happy with a 20% gain. It’s likely going up higher but looks overbought to me right now so I won’t get too greedy and will exit while there is some profit in it.
Apple chart update: http://niftychartsandpatterns.blogspot.in/2013/10/apple-support-and-resistance-levels.html
What if we have to wait another two years red?
I see relentless top calling. I see ‘out of the box’ thinking…except when it comes to the possibility that the market has another few years of upside.
Its time you had a long think about what you’re doing.
Facebook Chart update: http://niftychartsandpatterns.blogspot.in/2013/10/facebook-chart-update.html
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Well, we have went up higher then I was expecting and past the 17th and 22nd… so tomorrow being the 29th should give us another chance at a possible top? The charts are extremely overbought from the daily on down to all the shorter time frames. But we bears know that they keep it overbought a lot longer then they let it stay oversold.
So I just don’t know the answer here on “when” we will top as so far they have blown past ever date and refuse to rollover. Obviously everyone can see the rising channel that we’ve been in since the 23rd for the 5 minute charts, so there’s not much point in talking about it. We’ll know more once it breaks.
Everything has been stretched to the max it seems and all bears are sleeping quietly in their caves right now. Nothing to worry about or fear as Bernanke and Obama have saved us from the depression once again. Just buy every dip and retire wealth they say… LOL!
I can’t seem to get this Simpson clock out of my head (http://reddragonleo.com/wp-content/uploads/simpson-nuclear-explosion-clock-episode.jpg) as November the 6th is next Wednesday and surprises are what “they” do best. While I’m not expecting anything bad to happen it’s still worth noting… just in case?
For now we only have “Turn around Tuesday” to give the bears some kind of hope. But knowing that Bernanke is speaking on this week and will release the FOMC minutes on Wednesday the 30th I really wouldn’t expect much downside tomorrow even if we break the rising channel.
On the other hand, if Bernanke even hints at pulling in the $85 Billion per month we’ll see some nice selling afterwards. It’s all too quiet right now… as if the world is asleep. Sounds like the perfect time to start another storm if you ask me, but I’m just guessing now as there’s nothing to indicate to me when they will let the market top and rollover.
Apple Trend Update & Technical Analysis http://www.marginmoney.com/2013/10/apple-trend-update-technical-analysis.html
SILVER Resistance Levels: http://niftychartsandpatterns.blogspot.in/2013/10/silver-resistance-levels_28.html
Dow Jones Weekend update: http://niftychartsandpatterns.blogspot.in/2013/10/dow-jones-weekend-update_27.html
Cisco Support and Resistance lines: http://niftychartsandpatterns.blogspot.in/2013/10/cisco-support-and-resistance-lines.html