USD futures, methinks it goes up
USD Futures has been meandering around for over a week, which is kind of unusual after some big moves. methinks it is storing up energy, waiting for a bigger move.
We’ll, I’m early too, but not that early. I kept calling for the 200dma to be hit (1272.87 spx) and we hit 1271.17 today. That’s pretty close in my book. But, l let my emotions take over and I went short too early around 1250 spx yesterday. It’s very tough to control your emotions when we are constantly being bombarded with ELF’s to make us make stupid decisions.
BAM investor in a crash alert for the next two weeks. Calling for 20%+ potential downside. Note: They’ve cried wolf before and been off on their timing….
How many bears are left at this point? Sure, there were new bears that jumped on today, but you can’t kill every bear out there. There will always be bears at every level higher, but clearing out the biggest portion of them was likely done yesterday. I think a gap down and tank tomorrow morning would catch a lot of bears (and bulls) of guard, as they all expect this Italy vote outcome to be bullish.
USD futures, methinks it goes up
USD Futures has been meandering around for over a week, which is kind of unusual after some big moves. methinks it is storing up energy, waiting for a bigger move.
I took 2 Futures long DX
http://oahutrading.blogspot.com/2011/11/usd-futures-methinks-it-goes-up.html
Nothing to do with the market, but an idea to keep warm during the winter without the power company:
http://www.penncoal.com/
Fade to Red
One day is not a big deal…SPX reversed off the 200DMA, which is a good sign…
We’ll, I’m early too, but not that early. I kept calling for the 200dma to be hit (1272.87 spx) and we hit 1271.17 today. That’s pretty close in my book. But, l let my emotions take over and I went short too early around 1250 spx yesterday. It’s very tough to control your emotions when we are constantly being bombarded with ELF’s to make us make stupid decisions.
BAM investor in a crash alert for the next two weeks. Calling for 20%+ potential downside. Note: They’ve cried wolf before and been off on their timing….
please continue Red………………. LOL
How many bears are left at this point? Sure, there were new bears that jumped on today, but you can’t kill every bear out there. There will always be bears at every level higher, but clearing out the biggest portion of them was likely done yesterday. I think a gap down and tank tomorrow morning would catch a lot of bears (and bulls) of guard, as they all expect this Italy vote outcome to be bullish.
We may have to do some back testing towards the highs to day to clear out some of the bears. I hope not.
Let’s hope there is financial shock to come out of Euroland tonight and the market gaps down big tomorrow morning. That would be sweet!