this situation gives credence to another situation. the QQQ might trade in a 57-58 price channel, until sector rotation is finished.
i have enough proof in earnings, that qqq will unlikely, strong opinion, reach any new yearly high.
so compromise—58 is good.
one of these IYR companies is still too undervalued, which makes me
think i have to wait for the SRS quad bottom, before buying puts on
IYR—-and calls on SRS…
here’s what i came up with. you should,
like it. and i think its easy to understand, the way i lay it out. http://zstock7.com/?p=5739
Possibly. What people are missing about this whole situation is that if the Europeans start printing money like they say they will, the euro will fall like a rock vs the dollar. Gotta keep your eyes on the obvious……
Edit: This is a “live for the now” market; what happened yesterday has absolutely no bearing on what happens today.
One of these mornings, when we wake up. The sps are going to be limit down. I suspect within the next 3 to 7 trading days we may witness history unfolding.
How about tomorrow?
my signals are sizzling on short sll areas…
i posted XOM earlier. mad a few dollars off this trade today.
it will probably keep repeating.
that’s the nature of high consolidation price channels.
take profits at 1.5 or 2%, and then wait to get in again at the previous high.
http://reddragonleo.com/2011/10/16/lindsey-williams-was-told-that-stock-market-crash-will-happen-in-2012-but-david-wilcock-and-ben-fulford-have-other-info/#comment-338936128
MON is a good example of high consolidation stable price channel.
this situation gives credence to another situation. the QQQ might trade in a 57-58 price channel, until sector rotation is finished.
i have enough proof in earnings, that qqq will unlikely, strong opinion, reach any new yearly high.
so compromise—58 is good.
one of these IYR companies is still too undervalued, which makes me
think i have to wait for the SRS quad bottom, before buying puts on
IYR—-and calls on SRS…
here’s what i came up with. you should,
like it. and i think its easy to understand, the way i lay it out.
http://zstock7.com/?p=5739
i like reading the blog red—interesting material…
Yes you are correct. I watch the US/Euro dollar like a hawk.
Bottom line is. Expect the unexpected.
Possibly. What people are missing about this whole situation is that if the Europeans start printing money like they say they will, the euro will fall like a rock vs the dollar. Gotta keep your eyes on the obvious……
Edit: This is a “live for the now” market; what happened yesterday has absolutely no bearing on what happens today.
I would expect that scenario to play out next week or the following week. Just due to OP week this week.
One of these mornings, when we wake up. The sps are going to be limit down. I suspect within the next 3 to 7 trading days we may witness history unfolding.
Or what absolutely no one is expecting, which is a flat out no holds barred drop to 1040. Not expecting it, but keeping that in mind…