A lot of bears sure got a rude awakening this morning. If it heads up further, a lot them are going back to their caves for good. That will be the time to get 100% short.
Since the EU Debt vote is delayed, (They still have the Sunday Meeting, but they scheduled a 2nd meeting for Wednesday or earlier) I won’t be going short today. I’ll wait until next Monday-Wednesday for the vote. Here’s the thing though… the vote “could” be announced early, as in “before Wednesday”.
So, let’s just focus on getting short when the charts all line up overbought… whether that is Monday, Tuesday, or Wednesday. Then we will let them make the announcement by Wednesday and see what happens. I still see a crash coming..
You could be right on that PW… I will reconsider if it goes up that high.
A lot of bears sure got a rude awakening this morning. If it heads up further, a lot them are going back to their caves for good. That will be the time to get 100% short.
I am only 130 points a way from my original target of 11,887 dow. If it hits, I will NOT wait until Monday.
Also, we have an 8:00 am FP on the SPY of 121.83, which could be the close for the day?
Good morning gang…
Since the EU Debt vote is delayed, (They still have the Sunday Meeting, but they scheduled a 2nd meeting for Wednesday or earlier) I won’t be going short today. I’ll wait until next Monday-Wednesday for the vote. Here’s the thing though… the vote “could” be announced early, as in “before Wednesday”.
So, let’s just focus on getting short when the charts all line up overbought… whether that is Monday, Tuesday, or Wednesday. Then we will let them make the announcement by Wednesday and see what happens. I still see a crash coming..
http://www.zerohedge.com/news/its-baaack-ft-deutschland-pronounces-deutsche-marks-return-sets-eurdem-exchange-rate-195
Ah, the last gasps…
Any Fp this morning?
Now if Mr Market can give me my 1250-1260 sp 500 to finally short. I will be very happy.
Well, that is a nice surprise. Futures way up first thing in the morning.