Yes… absolutely! Depending on how many bear stops are sitting above that 1230 spx area will determine how high it goes. But, we could easily expect 20 points above there on stop covering. I’d say 1250 is a given, but we could go up to the 1270 (about the 127.07 spy FP level), as you just don’t know how big the squeeze will be?
Makes sense Jimmy… I know the gangsters are trying to get everyone and their brother into the stock market. They want to lose peoples’ Social Security money in it too… they are the biggest bunch of crooks on the planet.
Very surprised to see the markets wobbly today. My thought sometimes is that the really big money uses yesterdays news to trade. I get the WSJ everyday, but of course it is printed last night. Front page, “Traders Warn of Market Cracks”, which goes on to speak of the lack of liquidity in the market which causes spreads of up to .05 percent on many highly traded stocks. My projection is that we are looking at another Aug. 4 or so next week just due to the lack of money in the market and has Red has pointed out the gangster pull the rug out from under your feet trick. I can only suspect, but I would not be surprised if one of the last resort straws is going for the 401K, loosening regulations and allowing individuals to invest in stocks directly, which would add a more liquid, though it would not be pretty at first.
Volume on the SPY is very light… they won’t likely let this sell off too far. I suspect they will go down some more tomorrow morning and then rally back up the rest of the day after working of the overbought short term conditions and getting them oversold instead. My downside target is around 1200 spx.
LOL… We will probably see some ritual codes in it. Geecko should go too, and see what he can figure out… in case one of us misses something.
I defiantly am going. I want to see the preview of the real market crash.
Anyone going to see the new movie out this coming weekend called “Margin Call”? I wonder what it’s about? (LOL)
Yes… absolutely! Depending on how many bear stops are sitting above that 1230 spx area will determine how high it goes. But, we could easily expect 20 points above there on stop covering. I’d say 1250 is a given, but we could go up to the 1270 (about the 127.07 spy FP level), as you just don’t know how big the squeeze will be?
With NEW HIGHS !
Yep… the low will probably be around 1200 spx tomorrow morning, and then they will rally up and clear out all those bears’ stops once and for all.
The big boys, are just giving the bears a bone here to get them excited. Than they are going to rip this market up higher.
Makes sense Jimmy… I know the gangsters are trying to get everyone and their brother into the stock market. They want to lose peoples’ Social Security money in it too… they are the biggest bunch of crooks on the planet.
Very surprised to see the markets wobbly today. My thought sometimes is that the really big money uses yesterdays news to trade. I get the WSJ everyday, but of course it is printed last night. Front page, “Traders Warn of Market Cracks”, which goes on to speak of the lack of liquidity in the market which causes spreads of up to .05 percent on many highly traded stocks. My projection is that we are looking at another Aug. 4 or so next week just due to the lack of money in the market and has Red has pointed out the gangster pull the rug out from under your feet trick. I can only suspect, but I would not be surprised if one of the last resort straws is going for the 401K, loosening regulations and allowing individuals to invest in stocks directly, which would add a more liquid, though it would not be pretty at first.
Volume on the SPY is very light… they won’t likely let this sell off too far. I suspect they will go down some more tomorrow morning and then rally back up the rest of the day after working of the overbought short term conditions and getting them oversold instead. My downside target is around 1200 spx.