HI REd — DITTO WE BOTH called last week for a 2day rally to 1060 sh and we got it, albeit a day EARLY, only because we LET ELLIOTT wavers taint our forecasts. Friday's DUMP to 1020 at 9:45 am was a CLEAR wave 5 low.
YES, we are NOW at the CUSP of a nasty bear slide from the 8th to the 19th as I posted several times
Hey- do you have a PIC of dancing bears? I would love to put it up on the blog. thanks Jay
Let's hope it continues… I have a feeling that they might do a head fake tomorrow, and rally a little higher intraday only to close flat to slightly lower. I'm not falling for it. If it happens, it's just a bear squeeze/bull trap.
We are really close to the top now. It could have been today at 1060, or tomorrow at a slightly higher price. Either way I'm short and will remain so until 995-1000 is hit. The odds are now in favor of the bears, and you just have to play the odds.
The only way I'll sell my shorts is if 107.65 on a daily close of the SPY is hit. That would be very bullish and the next move would be to 110 on the spy.
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
Ok, 1060 at 11:25 Am, and getting close to an astro possible high at 11;38. 1060 is right near the top of the range I posted of 1063 using fibo Expect some sputter from here, and another attempt on the 8th July 8th low to oct8th = 90 days lo to high Friday should be the BEST day for bears hope bears can hold out till then[gg] Jay
HI REd — DITTO
WE BOTH called last week for a 2day rally to 1060 sh
and we got it, albeit a day EARLY, only because we LET ELLIOTT wavers taint our forecasts.
Friday's DUMP to 1020 at 9:45 am was a CLEAR wave 5 low.
YES, we are NOW at the CUSP of a nasty bear slide from the 8th to the 19th as I posted several times
Hey- do you have a PIC of dancing bears?
I would love to put it up on the blog.
thanks
Jay
Let's hope it continues… I have a feeling that they might do a head fake tomorrow, and rally a little higher intraday only to close flat to slightly lower. I'm not falling for it. If it happens, it's just a bear squeeze/bull trap.
Good call on the 1060 – You are hitting some good notes that you posted would play out < $ >
We are really close to the top now. It could have been today at 1060, or tomorrow at a slightly higher price. Either way I'm short and will remain so until 995-1000 is hit. The odds are now in favor of the bears, and you just have to play the odds.
The only way I'll sell my shorts is if 107.65 on a daily close of the SPY is hit. That would be very bullish and the next move would be to 110 on the spy.
Thanks for the update Red Dragon
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
Any thoughts after market action today
I'll make a post later tonight and let you know, but I did go short at 1060 as that is now major resistance. The fact that we didn't close above 1060 should mean that we'll start to pull back tomorrow.
Any thoughts after market action today
Ok, 1060 at 11:25 Am, and getting close to an astro possible high at 11;38.
1060 is right near the top of the range I posted of 1063 using fibo
Expect some sputter from here, and another attempt on the 8th
July 8th low to oct8th = 90 days lo to high
Friday should be the BEST day for bears
hope bears can hold out till then[gg]
Jay