And guys, from growing up in the environment that I did, , they would NEVER put out a website with a countdown. Not unless they have gone Jersey Shore. And I guess that is possible, I don’t keep in touch any more. Lol.
Well, Red, I am going to sell my fas and cdn etf long etfs this morning, but I gotta tell ya, I think we go higher than 1206. But its been a very good up move up and one of the better profit moves in a while. So I am feelin xmassie. I see more upside, based on a couple of my indicators but its been almost 50 spx points. And that is a pretty big move, before HAL rinses and repeats.
I am still holding on to my shorts here, short covering rally is finished. I will not be to worried here unless we breach the highs today. To many traders are looking at the 1206 gap. Copper and other material stocks have not given the thumbs up to this past move.
Could be an indication of another low and that we go up for seven days.
And guys, from growing up in the environment that I did, , they would NEVER put out a website with a countdown. Not unless they have gone Jersey Shore. And I guess that is possible, I don’t keep in touch any more. Lol.
Well, Red, I am going to sell my fas and cdn etf long etfs this morning, but I gotta tell ya, I think we go higher than 1206. But its been a very good up move up and one of the better profit moves in a while. So I am feelin xmassie. I see more upside, based on a couple of my indicators but its been almost 50 spx points. And that is a pretty big move, before HAL rinses and repeats.
ES Chart Analysis: http://niftychartsandpatterns.blogspot.com/2011/11/s-500-futures-analysis_29.html
Secret indicator, strong spike down, indicating high probability of ramp up
http://oahutrading.blogspot.com/2011/11/secret-indicator-calling-for-santa.html
http://oahutrading.blogspot.com/2011/11/big-ben-buying-euro-bondspsst-secret.html
I am personally look at possibly Wed as the day for a retest of the resent lows. I would be happy to be wrong, if tomorrow has a steep correction.
I think that is wise PW, as I still see a crash coming tomorrow.
I am still holding on to my shorts here, short covering rally is finished. I will not be to worried here unless we breach the highs today. To many traders are looking at the 1206 gap. Copper and other material stocks have not given the thumbs up to this past move.
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/11/s-500-analysis-after-closing-bell_29.html
Red,
I believe the downtrend is slowing…………..for now
http://markethighsandlows.wordpress.com/2011/11/29/monday-update-11-28-2011/