I think they are going to just chop around all day today until they reset the overbought short term charts. Then I expect them to continue to rally tomorrow and Friday.
Washboard…come on you know better than to make doom like predictions on Red’s site and not back it up with links or even why! It sounds like something that is posted over at GLP. Throw us a bone here and at least give some rationale 🙂 !
if you haven’t been by my site—u can still get into this short. it hasn’t activated as of today.
INTC which is up 4% in AH, may help BRCM get into my short sell area.
http://zstock7.com/wp-content/uploads/2011/10/brcm-10-16aa.jpg
the QQQ as a result of the 4% miss has about zero chance of making a new high.
they’ll have to keep AAPL down, in order for the QQQ to correct.
i don’t have a time frame on when the QQQ will pullback.
if earnings continue on their current path, they will retest 50 again.
this XOM short chart should scare any bull out of the market.
my trading record on XOM the past 5 years—
55 WINS, NO LOSSES.
well maybe one or 2 stop outs. maybe 4 or 5.
but no more than 5—- http://zstock7.com/?p=5735
I think they are going to just chop around all day today until they reset the overbought short term charts. Then I expect them to continue to rally tomorrow and Friday.
As expected, the Fed PUMPs the euro after Spain downgrade. PUMP it Bernank!
Why is anyone posting conspiracy stuff like on my site… you know that’s all just nonsense! Take the Blue Pill like I did (ROFLMAO).
ES Near range top: http://niftychartsandpatterns.blogspot.com/2011/10/es-near-range-top.html
Washboard…come on you know better than to make doom like predictions on Red’s site and not back it up with links or even why! It sounds like something that is posted over at GLP. Throw us a bone here and at least give some rationale 🙂 !
This ramp up is looking more and more like a massive headfake.
if you haven’t been by my site—u can still get into this short. it hasn’t activated as of today.
INTC which is up 4% in AH, may help BRCM get into my short sell area.
http://zstock7.com/wp-content/uploads/2011/10/brcm-10-16aa.jpg
i thought the DIA could reach 119, but when AAPL missed, i’m not so sure anymore.
http://zstock7.com/wp-content/uploads/2011/10/DIA-10-171.jpg
the QQQ as a result of the 4% miss has about zero chance of making a new high.
they’ll have to keep AAPL down, in order for the QQQ to correct.
i don’t have a time frame on when the QQQ will pullback.
if earnings continue on their current path, they will retest 50 again.
this XOM short chart should scare any bull out of the market.
my trading record on XOM the past 5 years—
55 WINS, NO LOSSES.
well maybe one or 2 stop outs. maybe 4 or 5.
but no more than 5—-
http://zstock7.com/?p=5735