the bid from the algos has come the SPY opening above it's containment pt. the last two days, if there isn't a reaction here then the SPY chart is going to look like the IWM chart, the next containment pt. is up in the 118 area
Becareful in following Carl's trades. I have seen him getting stopped out trades after trades, day after day. This is not a demerit on him. Carl just does his things. lol Apparently he does it well, over time.
$SPX 1148.76 printed, this setup is done
http://www.flickr.com/photos/47091634@N04/44221…
SPY containment pt. update
http://www.flickr.com/photos/47091634@N04/44249…
the bid from the algos has come the SPY opening above it's containment pt. the last two days, if there isn't a reaction here then the SPY chart is going to look like the IWM chart, the next containment pt. is up in the 118 area
Looks like we could be breaking a record here then!
$DJI – DIA containment pt. dancing
http://www.flickr.com/photos/47091634@N04/44257…
Out of TZA
I don't know. I prefer up into Sundancer's containment points on the RUT and XLF and then a massive move down. But I don't think I'll get that lucky!
It's been a sleepy day — could be a big move right before the close. Down would be good.
The day is not over Earl. Think we will have a sell off eod.
SC,
I don't exactly follow his trades. I have my own. When we disagree, I generally try to figure out if maybe I made a mistake.
This morning I was trading TZA, and he came out with lower estimates — a good match. Hasn't worked out well for either of us 🙂
Becareful in following Carl's trades. I have seen him getting stopped out trades after trades, day after day. This is not a demerit on him. Carl just does his things. lol Apparently he does it well, over time.