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... sundancer390

slight violation of max containment @ the close
big blocks came across the last 15 seconds
odd close for a holiday weekend, a lot of it was algos co-relational to the 3 consecutive gap situation
13-17 pt SPX gap is possible for Tuesday
http://www.flickr.com/photos/47091634@N04/43522

... bensjoyce

this is from jaywiz (straus) blog on Red's blog list. someone names Riza or something sent this in:

Stock Trader's Almanac 2010: Has Wed & Thurs marked bullish , but bearish Friday.
Friday, the day before President's day weekend, S&P down 15 of last 18.

Monday: CLOSED for President's Day
Next week: bullish Tuesday,
However the Monday before Feb. Expiration the Dow has been down 4 of the last 5.

Wed, Thurs Friday: down into Expiration.
Dow has been down 7 of last 10 Fridays of Feb. Expiration.

... Red Dragon Leo

I agree with serge Monica… Rising wedge don't break UP! I'm staying short over the weekend. I think California will be the bad news over the weekend. I see Black Tuesday coming…

... monicadern

I guess I'll just have to take the 4% chance that that doesn't happen.

... Red Dragon Leo

Well that sucks… no up or down next week, just sideway trading…

... sundancer390

9 years of data

it looks like they'll close the market between SPY 107.93 and SPY 107.15

they'll leave everyone guessing over the 3 day weekend

... Red Dragon Leo

I really hope you're wrong on that Sun, as that has me worried. Are those stats from a long term view… meaning both bull and bear markets? Or, just from the last year… during this huge rally?

... sundancer390

it will be interesting to see where they close the market at

we currently have 3 consecutive gap downs on the SPY which gives us 96% chance of either a flat open or a gap up on tuesday

... Red Dragon Leo

Yes, I'm so tired of this BS…

... monicadern

This is so tiring. When is it going end?!