Pardon my conspiracy theory but why not (the manipulators) place the bad news right before opex fri. Bad news for the stocks is the hike in the Disc. Rate and lousy Dell news (minus 5% AH) The plunge protection team can get the most bang for their buck. The PPT will take advantage of the low overnight volume and spike the ES etc futures up overnight (let me guess an hour after London opens as we reach the 1090 $SPX (ES 1087)where Tony Caldaro says is Pivot support. When we wake in the am. most of the damage will be corrected. “The futures are well off their lows” CNBC will say.
Not sure about conspiracy. But 107.38 is right at a major support (calculated using a modified MA) and if the spy bounces off that level, then that there is dinner bell for all the bulls. But most people would probably be too scared to go long by then.
That 1047 misprint was amazing. The question is whether lightning will strike twice..:)
We are in a New Moon Trade (favors TZA). [ After three days, this trade is DOWN 9.2% ]
Volume today for TZA has been roughly the same these past 3 days.
RVX (VIX for RUT) closed 3.7% lower.
TZA has now been down seven days in a row.
Ultimate Oscillator was as 23.31 — fairly oversold.
Overall, it looks like TZA might fall again on Friday, except for a +0.50% interest rate announcement after hours. TZA was up 16 cents after hours, and because of the interest rate change can be expected to go up tomorrow.
here's my two cents
Pardon my conspiracy theory but why not (the manipulators) place the bad news right before opex fri. Bad news for the stocks is the hike in the Disc. Rate and lousy Dell news (minus 5% AH) The plunge protection team can get the most bang for their buck. The PPT will take advantage of the low overnight volume and spike the ES etc futures up overnight (let me guess an hour after London opens as we reach the 1090 $SPX (ES 1087)where Tony Caldaro says is Pivot support. When we wake in the am. most of the damage will be corrected. “The futures are well off their lows” CNBC will say.
On the other hand I'm not a good trader (yet)
bensjoyce,
It is not possible to learn anything from sundancer, or to make sense of his posts. That's that way he wants it.
Way cool.
REFRESH YOUR PAGE FOR FAKE PRINT CHARTS.
i don't have anything @ 107.38, AH tape show low of 109.91
3 min chart from today showing de-leverage areas SPY 110.35
http://www.flickr.com/photos/47091634@N04/43683…
there is a reason why i wrote a post about the $TNX 10 year today
Not sure about conspiracy. But 107.38 is right at a major support (calculated using a modified MA) and if the spy bounces off that level, then that there is dinner bell for all the bulls. But most people would probably be too scared to go long by then.
That 1047 misprint was amazing. The question is whether lightning will strike twice..:)
Ben, I'm pretty sure we are going to 107.38 spy, and then a bounce (maybe not tomorrow, but in a few days for sure)
you have a screen shot?
TZA closed down 2.5% today.
We are in a New Moon Trade (favors TZA).
[ After three days, this trade is DOWN 9.2% ]
Volume today for TZA has been roughly the same these past 3 days.
RVX (VIX for RUT) closed 3.7% lower.
TZA has now been down seven days in a row.
Ultimate Oscillator was as 23.31 — fairly oversold.
Overall, it looks like TZA might fall again on Friday, except for a +0.50% interest rate announcement after hours. TZA was up 16 cents after hours, and because of the interest rate change can be expected to go up tomorrow.