Hard too tell what they have planned for Monday, which isn’t unusual I guess, as that’s always the idea of them to leave us sheep guessing. Monday is the last day of August and I do think they want it to close up in this area with a nice bottoming tail on it’s monthly candle stick.
So I’m leaning toward Monday gaping up and then falling to this area again, or gaping dawn and retracing back up to this area by the close. However, if down first then a nice short into Tuesday from the rally back later in the day. If up first then a short at the open.
On this monthly chart I just get the feeling they want to close out August at or above the 20MA which is at 1992 SPX.
If this was the 3rd week of August and we were going into the 4th week I’d been more interesting in shorting, but Monday is the last day of the month and my gut says they want this up more to close out this month will a long bottoming tail.
Not sure what happened either. Red sent me a comment through disqus also but my response to him will not register…everyone else is fine though. Thanks on the calls…I guess 2 out of 2 isn’t all that bad. Unheard of Annual gains realized within 1 week. Some 401k’s never see that in a lifetime.
How are you able to see the site now Scott? My host tells me it’s still down for everyone except me as they “whitelisted” my IP address so I can login and clean up un-necessary files to lower the CPU resources I’m using with them.
Hard too tell what they have planned for Monday, which isn’t unusual I guess, as that’s always the idea of them to leave us sheep guessing. Monday is the last day of August and I do think they want it to close up in this area with a nice bottoming tail on it’s monthly candle stick.
So I’m leaning toward Monday gaping up and then falling to this area again, or gaping dawn and retracing back up to this area by the close. However, if down first then a nice short into Tuesday from the rally back later in the day. If up first then a short at the open.
On this monthly chart I just get the feeling they want to close out August at or above the 20MA which is at 1992 SPX.
http://stockcharts.com/public/1092905/chartbook/202363337;
If this was the 3rd week of August and we were going into the 4th week I’d been more interesting in shorting, but Monday is the last day of the month and my gut says they want this up more to close out this month will a long bottoming tail.
Not sure what happened either. Red sent me a comment through disqus also but my response to him will not register…everyone else is fine though. Thanks on the calls…I guess 2 out of 2 isn’t all that bad. Unheard of Annual gains realized within 1 week. Some 401k’s never see that in a lifetime.
apparently RED did. Hope it comes up soon.
I am using disqus to reply to the comments
kihei2 – nice calls man!
ES Futures Update and forecast into the next 2 weeks: http://screencast.com/t/f5kskeSHOK
No……THINK WE ALL MADE SOMEONE MAD.
While I fight with my hosting company to get my website back we can enjoy ritual numbers like the DOW’s high today of 16,666.69
No. still not up buddy.
Pulled from fake prints site … trending in yahoo Fiancne.
Red your thoughts? https://uploads.disquscdn.com/images/e108ddd13e81bc26e5c74bf7d1d3e9273dc51516a8eeacfb687fe6bcc6676f21.jpg
your domain http://reddragonleo.com/
still shows as ERROR 403 – FORBIDDEN https://uploads.disquscdn.com/images/1720efcb7311bf301a67baed96bfdd221056a755677ca572d5e928d8b6592f54.jpg
How are you able to see the site now Scott? My host tells me it’s still down for everyone except me as they “whitelisted” my IP address so I can login and clean up un-necessary files to lower the CPU resources I’m using with them.