$DJI weekly chart, as you see DJI doesn't have more than 4 weekly red bars, we're @ 3 now, what's odd is the 3 red weeks in a row is rare followed by a green week, the last time we had 3 red bars followed by a green one was 11/24/2008 and that week the $DJI was up 9.75% and closed at the high of week on friday and that sequence is the only time it has happened since the all time high on Dow during the 10/8/07 week
No, I missed the tick on Friday… what was it? (Glad to see you plan to short, and not go long into the week starting on the 8th)
On another note… Someone bought 10,000 of the July $200 calls on GS yesterday @ 1.60 per contract! I'm not sure if that means anything, because it could have been some rich guy that plans to sell them next week, or he maybe he's just a bad trader… who's soon to be a poor guy.
If you go long on this… you're going to get crushed! Mark my words on that! I'll be going short next week while you're going long. I hope you still have a job, because this next move down is going to wipe out everyone long!
I would agree with that only if we hadn't sold off so far… so fast! At this point the odds of a new high, or even a double top, are very slim. The best case scenario is to reach 112.34 spy by Friday.
Yes, you are absolutely right. There was a gap fill at that time and date. I forgot to include that on the post, but that's the reason behind the break of 108… they wanted to fill that gap.
114.40
i didn't see the GS calls, but it doesn't surprise me one bit.
“they” been throwing ticks @ 175.50 for the last week.
here's another chart,
http://www.flickr.com/photos/47091634@N04/43168…
$DJI weekly chart, as you see DJI doesn't have more than 4 weekly red bars, we're @ 3 now, what's odd is the 3 red weeks in a row is rare followed by a green week, the last time we had 3 red bars followed by a green one was 11/24/2008 and that week the $DJI was up 9.75% and closed at the high of week on friday and that sequence is the only time it has happened since the all time high on Dow during the 10/8/07 week
No, I missed the tick on Friday… what was it? (Glad to see you plan to short, and not go long into the week starting on the 8th)
On another note… Someone bought 10,000 of the July $200 calls on GS yesterday @ 1.60 per contract! I'm not sure if that means anything, because it could have been some rich guy that plans to sell them next week, or he maybe he's just a bad trader… who's soon to be a poor guy.
i'll short the friday close, not a minute earlier
did you catch the tick they threw down to SPY 107.50 on monday morning, that wasn't a coincidence
hopefully you caught a tick they threw on friday afternoon
If you go long on this… you're going to get crushed! Mark my words on that! I'll be going short next week while you're going long. I hope you still have a job, because this next move down is going to wipe out everyone long!
Best of luck to you… but I'm going short!
here's another one
http://www.flickr.com/photos/47091634@N04/43160…
here's another throwback to support
70 handles down on the SPX in 4 weeks, then 70 handles up in one week
http://www.flickr.com/photos/47091634@N04/43160…
here are some charts
http://www.flickr.com/photos/47091634@N04/43166…
http://www.flickr.com/photos/47091634@N04/43166…
I would agree with that only if we hadn't sold off so far… so fast! At this point the odds of a new high, or even a double top, are very slim. The best case scenario is to reach 112.34 spy by Friday.
Yes, you are absolutely right. There was a gap fill at that time and date. I forgot to include that on the post, but that's the reason behind the break of 108… they wanted to fill that gap.