just as all moves in the market are “manufactured”, all data is also “manufactured” so the data will be whatever they want it to be
the only thing that gives me pause about next week is the weekly sequence on the $DJI, 3 red weeks followed by a green week has only happened once since the bear market started, if we get another red week next week then it'll be 4 consecutive red weeks which will mark a terminal move and then it'll be a slow grind to new highs. That would be awful as I'm sick of this slow moving market.
we'll know what the week will be by 930 on monday morning because “they” parked the market @ the crash gap on friday, a flat or gap up will be scenario number 1 or a big gap down will be scenario number 2
That would be a huge short squeeze on the bears! Almost a double top, and then a crash the following week… What a wild ride that would be!
They definitely like to play game, while hurting the most amount of people at the same time. Many shorts are going to want to short any push higher. It's going to take a lot of capital to push it back up to 114.40.
I'd like to see it though… the high it is, the further for it to fall!
What do you think about the expected bad jobs number for the month of January due out next Friday? Everyone knows that it's going to be horrible… do you see a surprisingly good number (made up of course) coming? If so, that would cause a big squeeze up on Friday.
$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!
just as all moves in the market are “manufactured”, all data is also “manufactured” so the data will be whatever they want it to be
the only thing that gives me pause about next week is the weekly sequence on the $DJI, 3 red weeks followed by a green week has only happened once since the bear market started, if we get another red week next week then it'll be 4 consecutive red weeks which will mark a terminal move and then it'll be a slow grind to new highs. That would be awful as I'm sick of this slow moving market.
we'll know what the week will be by 930 on monday morning because “they” parked the market @ the crash gap on friday, a flat or gap up will be scenario number 1 or a big gap down will be scenario number 2
That would be a huge short squeeze on the bears! Almost a double top, and then a crash the following week… What a wild ride that would be!
They definitely like to play game, while hurting the most amount of people at the same time. Many shorts are going to want to short any push higher. It's going to take a lot of capital to push it back up to 114.40.
I'd like to see it though… the high it is, the further for it to fall!
What do you think about the expected bad jobs number for the month of January due out next Friday? Everyone knows that it's going to be horrible… do you see a surprisingly good number (made up of course) coming? If so, that would cause a big squeeze up on Friday.
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…