Hi red, I tried posting Monday. It would not allow me to post. I am completely short from the 11887 Dow level. 1255 sp. With 2 time inverse etfs. This market is only working on fumes at this point. Unable to stay up for the full day trading due to jet lag plus it is 2 am here. All the best
Since we are coming close to the end of the triangle, I’d expect some “fake” good news to be announced to spike the market up and squeeze out the retail sheep. I expect the move up to happen around 2pm est or a little later.
Triangle formed on the SPX now…. breakout to the UPside likely! Don’t panic those, as this pig will likely start crashing tomorrow. The EU vote “could” cause a brief spike when announced, but we should tank shortly thereafter…
We “could” put in a slightly “higher high” tomorrow morning on the news announcement from the outcome of the EU meeting… but I think we start crashing tomorrow regardless of this fakeout rally (if it even happens?)
I view today like “The Running of the Bulls”, and after 2 weeks of running several of them fell down. But, since they have be juiced up heavily with steroid’s, they just got back up and shook it off. They don’t yet feel the spears in them and will likely run for one more day before the pain hits them and they finally collapse
Hi red, I tried posting Monday. It would not allow me to post. I am completely short from the 11887 Dow level. 1255 sp. With 2 time inverse etfs. This market is only working on fumes at this point. Unable to stay up for the full day trading due to jet lag plus it is 2 am here. All the best
Hah, everyone else is stunned by the ridiculousness of the manipulation!
SPY Trend update: http://niftychartsandpatterns.blogspot.com/2011/10/spy-trend-update_25.html
Since we are coming close to the end of the triangle, I’d expect some “fake” good news to be announced to spike the market up and squeeze out the retail sheep. I expect the move up to happen around 2pm est or a little later.
all i see is you talking to yourself lol
Where is Peaceful Warrior at today… still in the Philippines?
Triangle formed on the SPX now…. breakout to the UPside likely! Don’t panic those, as this pig will likely start crashing tomorrow. The EU vote “could” cause a brief spike when announced, but we should tank shortly thereafter…
We “could” put in a slightly “higher high” tomorrow morning on the news announcement from the outcome of the EU meeting… but I think we start crashing tomorrow regardless of this fakeout rally (if it even happens?)
I bet they’ll get some shorts to squeeze today, but if they want to tank it, they gotta do it fast before more get on board.
I view today like “The Running of the Bulls”, and after 2 weeks of running several of them fell down. But, since they have be juiced up heavily with steroid’s, they just got back up and shook it off. They don’t yet feel the spears in them and will likely run for one more day before the pain hits them and they finally collapse