With 2 hours to go, light volume, a Friday, the short term charts pointing up, and now banging on the upper level of the triangle that the market currently stuck in… I’d say the odds are pretty good for a breakout today.
Again… this means there won’t be hardly anyone short over the weekend. This assumes that this pop outside of the triangle will squeeze the bears up to the 1273 spx area. If so,… look out below on Monday!
Thanks for stopping by and posting a comment Shanky. I sometimes feel like I’m talking to myself when no one comments. Do comment more often my friend.
We’re all in the same boat – bottom line is the bears will be on the right side of the trade (can they get paid on their correct bets will be a huge question). This fall will make ’08 look like a toy. There was IMHO no true capitulation in ’08, can’t wait to see it and the surprised looks on the sheeple’s faces when it happens. We (you, mole, tim, others and me) all told them it was coming. Thanks for your great work RDL – keep it up bro.
You might get it today? If they plan on releasing some really bad news out of Euroland over the weekend, then they should pop out of this triangle and squeeze out the bears today. That should easily take us up to that 1273 spx area. Then fall back some into the close with a doji on the daily chart. That would confuse everyone. Then gap it down on Monday with NO Bears on board!
Yes I think I am? Maybe Mole is bigger… or Tim? Naaah, I’m the biggest bear! I expect a very big move down starting next week, but first they need to clear out the retail bears. I hope they do it today so we can gap down on Monday, but they may wait until then to fake them out on a gap up and crap move. Hard too say right now, but “if” we get to that 1273 spx area today, I’ll go short into the weekend. Otherwise, I’ll wait until Monday.
Get ready for the Madman eod RAMP!
With 2 hours to go, light volume, a Friday, the short term charts pointing up, and now banging on the upper level of the triangle that the market currently stuck in… I’d say the odds are pretty good for a breakout today.
Again… this means there won’t be hardly anyone short over the weekend. This assumes that this pop outside of the triangle will squeeze the bears up to the 1273 spx area. If so,… look out below on Monday!
Thanks for stopping by and posting a comment Shanky. I sometimes feel like I’m talking to myself when no one comments. Do comment more often my friend.
😉
We’re all in the same boat – bottom line is the bears will be on the right side of the trade (can they get paid on their correct bets will be a huge question). This fall will make ’08 look like a toy. There was IMHO no true capitulation in ’08, can’t wait to see it and the surprised looks on the sheeple’s faces when it happens. We (you, mole, tim, others and me) all told them it was coming. Thanks for your great work RDL – keep it up bro.
You might get it today? If they plan on releasing some really bad news out of Euroland over the weekend, then they should pop out of this triangle and squeeze out the bears today. That should easily take us up to that 1273 spx area. Then fall back some into the close with a doji on the daily chart. That would confuse everyone. Then gap it down on Monday with NO Bears on board!
Opps… sorry Shanky, I forgot about you. Yeah, you may very well be a bigger bear then me?
It would be nice to see 1273 area, I will buy the 3x inverse etfs at that level after selling them close to the bottom earlier today.
LOL – not sure how I was missed in that conversation.
Hi Lulala…
Yes I think I am? Maybe Mole is bigger… or Tim? Naaah, I’m the biggest bear! I expect a very big move down starting next week, but first they need to clear out the retail bears. I hope they do it today so we can gap down on Monday, but they may wait until then to fake them out on a gap up and crap move. Hard too say right now, but “if” we get to that 1273 spx area today, I’ll go short into the weekend. Otherwise, I’ll wait until Monday.
RDL aren’t you the biggest bear on the web!! 🙂