outside the box , your right,with this no volume run-up? Monday has been MF Monday,what happens when it doesn't show-up?. will there be a bounce with volume and a 9-1 day ? 1100 -1120 or 1150 ,on a failed moved and the shorts wait for the bounce? Just watching gas for now. Gas leads oil and oil will be a tell on the market,My take and I could be wrong Good luck all
for those wandering why the vix was down this week and couldn't manage to put in a higher high, last week it back tested its broken up-trend line dating all the way back to 12/18/2006 http://www.flickr.com/photos/47091634@N04/43192…
USO wkly chart, closed below an important trendline, however with 3 consecutive red bars, it's almost guaranteed to close higher next week, 4 consecutive red bars has only happened once in 119 weeks, another clue to the equity markets direction next week http://www.flickr.com/photos/47091634@N04/43185…
gap on 60 min chart SPX 1127.38 (930:1030 candle) for those of you with eagle eyes they did this same thing with the 930 candle back in the late october decline http://www.flickr.com/photos/47091634@N04/43190…
You should be fine then. I can't be around a computer all day, so I just swing trade. It's not safe to do that next week until the wave 2 up is over.
It will whip up and down and scare a lot of people out of positions, but the following week it will be a big move straight down. That's the one I'm waiting for! I'm looking for 100+ points… very quickly!
outside the box , your right,with this no volume run-up?
Monday has been MF Monday,what happens when it doesn't show-up?. will there be a bounce with volume and a 9-1 day ?
1100 -1120 or 1150 ,on a failed moved and the shorts wait for the bounce?
Just watching gas for now. Gas leads oil and oil will be a tell on the market,My take and I could be wrong
Good luck all
your sheep should be bulls
for those wandering why the vix was down this week and couldn't manage to put in a higher high, last week it back tested its broken up-trend line dating all the way back to 12/18/2006
http://www.flickr.com/photos/47091634@N04/43192…
USO wkly chart, closed below an important trendline, however with 3 consecutive red bars, it's almost guaranteed to close higher next week, 4 consecutive red bars has only happened once in 119 weeks, another clue to the equity markets direction next week
http://www.flickr.com/photos/47091634@N04/43185…
for those of you wanting to follow intra-day moves pulling up a 3 minute chart of the SPX will tell you where its going by the gaps it leaves behind
Open gaps on 3 minute chart from last 2 days
1084.66 13:39 candle
http://www.flickr.com/photos/47091634@N04/43191…
it is important to note they filled the 1533 gap on the closing 3 minute candle which was @ 1073.89, look where they closed the spx @ 1073.87
gap on 60 min chart SPX 1127.38 (930:1030 candle) for those of you with eagle eyes they did this same thing with the 930 candle back in the late october decline
http://www.flickr.com/photos/47091634@N04/43190…
Still short and will just stay that way.
You should be fine then. I can't be around a computer all day, so I just swing trade. It's not safe to do that next week until the wave 2 up is over.
It will whip up and down and scare a lot of people out of positions, but the following week it will be a big move straight down. That's the one I'm waiting for! I'm looking for 100+ points… very quickly!
Maybe? When the largest wave 3 down starts this September, just be sure keep your ears and eyes open.
Agree, but at this point I think a mistake in shorting will eventually
be rectified by the market, and pretty quickly.
Basically my plan is sell the rips, partial cover on dips, rinse,
repeat. But I want to keep a core short position.