All the bears are now throwing in the towel and the bulls are looking for 1300+, which is exactly what they want them to think. The market is ready for a big fall now, and could happen overnight trapping all these new bulls.
The 200dma was basically hit today, and now they are clearing out the shorts from early this morning. I expect a quick move up over it and then a reversal back down. This leaves it open to free fall tomorrow as very few bears will be on board.
This is a currency game, not a stock market game for the most part. Yeah i nailed that USD spike completely reverse, but Euro went to hit a Bernoulli channel line perfectly for the double tap and now down.
I bought the dip on the USD.
They make those big scary moves to well scare people, before the real move. the wizard is on his game, pulling the levers
Bull bus should be fully loaded now that Berlusconi has resigned and the Austerity (theft of money from the sheep) has passed. The 125.37 spy FP should be the next move coming later today. Don’t be surprised if we gap down tomorrow. The old “Buy the rumor, Sell the news” event!
or this
http://www.earthweek.com/online/ew071005/ew071005h.jpg
All the bears are now throwing in the towel and the bulls are looking for 1300+, which is exactly what they want them to think. The market is ready for a big fall now, and could happen overnight trapping all these new bulls.
The 200dma was basically hit today, and now they are clearing out the shorts from early this morning. I expect a quick move up over it and then a reversal back down. This leaves it open to free fall tomorrow as very few bears will be on board.
Yeah there are so many bulls on board now that the dow couldn’t even get to +100, much less +500, if bear/bull ratio were reversed.
This is a currency game, not a stock market game for the most part. Yeah i nailed that USD spike completely reverse, but Euro went to hit a Bernoulli channel line perfectly for the double tap and now down.
I bought the dip on the USD.
They make those big scary moves to well scare people, before the real move. the wizard is on his game, pulling the levers
Next stop…
http://www.worldart.com.au/images/sidney-nolan-the-slip-horse-falling-off-a-cliff.jpg
Just a few more bulls on board please…
http://www.itsjustascratch-ish.com/wp-content/uploads/2011/01/IJAS-BusFull.jpg
After hitting the 200DMA yesterday, both index and retail put/call should be significantly lower at this very moment.
Pump it Bernank!
Pump it to draw attention away from the big FAT non-confirm on Italian 10 yr yields!
Bull bus should be fully loaded now that Berlusconi has resigned and the Austerity (theft of money from the sheep) has passed. The 125.37 spy FP should be the next move coming later today. Don’t be surprised if we gap down tomorrow. The old “Buy the rumor, Sell the news” event!