I really doubt that the gangsters are going to keep this up until the EOM. I still believe we’ll see a 33333 wave down on Tuesday the 29th…. a crash wave!
Short term charts are very oversold ACP, and I fully expect this rally to last into Friday of this week. Light volume today and probably all of the rest of the week will allow them to push higher then most expect I believe. They will want the sheepal to go spend money they don’t have this coming “Black Friday” Thanksgiving sales weekend… which is more reason to believe they will rally up the rest of this week.
I get the feeling that the low is in for the short term and we should rally up some the rest of the week on light volume before crashing the following week. If I were short, I’d exit today and wait until this Friday for another opportunity to go short. I would not go long as you just don’t know how high this rally will be? It could just chop sideways for the rest of the week and not really go up very far. Best to sit out the rally I believe.
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/11/s-500-analysis-after-closing-bell_8643.html
I really doubt that the gangsters are going to keep this up until the EOM. I still believe we’ll see a 33333 wave down on Tuesday the 29th…. a crash wave!
If we don’t make a lower low, it might not drop until after EOM. There’s prep time now.
Short term charts are very oversold ACP, and I fully expect this rally to last into Friday of this week. Light volume today and probably all of the rest of the week will allow them to push higher then most expect I believe. They will want the sheepal to go spend money they don’t have this coming “Black Friday” Thanksgiving sales weekend… which is more reason to believe they will rally up the rest of this week.
Pump that es Bernank!
I get the feeling that the low is in for the short term and we should rally up some the rest of the week on light volume before crashing the following week. If I were short, I’d exit today and wait until this Friday for another opportunity to go short. I would not go long as you just don’t know how high this rally will be? It could just chop sideways for the rest of the week and not really go up very far. Best to sit out the rally I believe.
Here’s your quick video update…
http://www.screencast.com/t/DDVqZurp
There goes the Madman again!
PUMP that euro Bernank! Crank up the US exposure to that garbage! Fill those coffers with confetti!
I am going to take some profit here at these levels.
Just a thought gang, the FP from last week was 119.00 SPY and could be the bottom here today?