Had a lot of people approach me for a loan over the weekend. And some surprising candidates as well. Some with bigger houses and multiple cars. I never went in for the big house and mutliple car crap, always went for the appear small and enjoy life myself. And get ready for the next trade.
I try to teach people how to trade occasionally, but wow, its so hard. Most of them talk to brokers or experts and are just on a different moon than us.
I’m processing a new video now, and should have it uploaded to youtube and the new post up by 10 pm EST or earlier. Your shorting level is 116.05 spy, but might not be hit until late Monday or Tuesday.
i’ve been studying what i can expect during OCT earnings. so far 8 eps upgrades, for every 18 eps downgrades.
doesn’t take a math genius to figure out, that the spy 500 overall earnings, will not be beating the street.
i’m calculating OCT will miss earnings by anywhere from 2-4% to 6%—
the low support on the DIA has been 105.
i subtract this 4% to 6% miss, to that last DIA support, and i get a potential dow range of 10080-9870–
if I use a quarterly multiplier —there’s 4Q’s per year, this makes it a potential 8% (2% X 4Q) hit TO THE 105 SUPPORT—
OR 9660 on the DOW.
That’s because they took the “Blue Pill”…
Had a lot of people approach me for a loan over the weekend. And some surprising candidates as well. Some with bigger houses and multiple cars. I never went in for the big house and mutliple car crap, always went for the appear small and enjoy life myself. And get ready for the next trade.
I try to teach people how to trade occasionally, but wow, its so hard. Most of them talk to brokers or experts and are just on a different moon than us.
New post….
http://reddragonleo.com/2011/10/02/countdown-to-euro-crash/
I’m processing a new video now, and should have it uploaded to youtube and the new post up by 10 pm EST or earlier. Your shorting level is 116.05 spy, but might not be hit until late Monday or Tuesday.
The sp futures are slightly up. I hope the futures head up into tomorrow morning. I would love to short this PIG. Well see what happens.
i’ve been studying what i can expect during OCT earnings. so far 8 eps upgrades, for every 18 eps downgrades.
doesn’t take a math genius to figure out, that the spy 500 overall earnings, will not be beating the street.
i’m calculating OCT will miss earnings by anywhere from 2-4% to 6%—
the low support on the DIA has been 105.
i subtract this 4% to 6% miss, to that last DIA support, and i get a potential dow range of 10080-9870–
if I use a quarterly multiplier —there’s 4Q’s per year, this makes it a potential 8% (2% X 4Q) hit TO THE 105 SUPPORT—
OR 9660 on the DOW.
i think this is 2 in a row that the chinese PMI has not been above 50–on sept 22nd, this 49.9 reading, caused the FTSE to drop 5% in one day.
http://www.telegraph.co.uk/finance/markets/8783364/FTSE-live-latest-market-report.html
Forbes—
700 OCCUPY WALLSTREET PROTESTERS ARRESTED—
bankers getting scared!!!!!
http://www.forbes.com/sites/erikkain/2011/10/02/arrest-of-700-occupy-wall-protesters-a-good-sign-for-protests/2/
Any up dates on the euro situation?
S&P 500 Weekend update: http://niftychartsandpatterns.blogspot.com/2011/10/s-500-weekend-update.html