well my moving averages have been cracked for first time since waterfall decline. waiting for 1200 to 1220 again for short smallish to start a position. otherwise sitting tight
There should be a “fake-out” move to the upside tomorrow morning at the open to clear out all the bears that went short today…. and then we should tank. Arthur will be correct again, but just a tad early to the party.
Wow, that turned into a bad thanksgiving but since arthur has perfect record over a hundred, I am assuming this was a top to bust people. Thankfully I was out and missed the temptation to cover.
Closing at the highs of the day usually means a “higher high” the next day. In this case, a gap up and crap tomorrow morning is highly likely. I’ll be looking to get short at the open, or shortly there after.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=5&dy=0&id=p80046474900
well my moving averages have been cracked for first time since waterfall decline. waiting for 1200 to 1220 again for short smallish to start a position. otherwise sitting tight
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/10/s-500-analysis-after-closing-bell.html
Getting some nice big FAT downside prints for SPY. Probably head down after the AM PUMP.
There should be a “fake-out” move to the upside tomorrow morning at the open to clear out all the bears that went short today…. and then we should tank. Arthur will be correct again, but just a tad early to the party.
And I am really going to enjoy chasing this illusory bullpig up. One tenth at a time.
Wow, that turned into a bad thanksgiving but since arthur has perfect record over a hundred, I am assuming this was a top to bust people. Thankfully I was out and missed the temptation to cover.
Closing at the highs of the day usually means a “higher high” the next day. In this case, a gap up and crap tomorrow morning is highly likely. I’ll be looking to get short at the open, or shortly there after.
Just don’t get sucked into one of those “vortex’s”…. LOL!
Right on the money…yeeeayuh!
Only what he says. And he is up a dinner for four, organic turkey, with vortexed wine and beer.