Maybe we get a “capitulation” move today? But, the volume isn’t really that high… so more selling could come next week. However, I think it will be short lived and only go down to test or slightly pierce the 1101 spx level. Then a rally into opx.
Good news about the European Debt will have too come out over the weekend for them to rally this pig I believe. Otherwise, we will likely continue down to retest the 1101 spx low I think.
That’s still possible, but I don’t think we are going down below 1,000 until after the Legatus meeting is over. Maybe we go down for a double bottom, or slightly lower, and then rally for 3 weeks into opx? Hard too say which at this point, so I tread lightly until a direction is more clear.
It’s coming, but they are doing everything they can to hold this pig up for right now. I’m expecting to hear some B.S. good news soon (maybe over the weekend?) about the Euro debt problems… which should cause the market to rally.
I still think they are going to chop around and/or go up into this coming option expiration on October 21st. Then we are going to fall off the cliff starting on Monday the 24th. Between now and then is just a crap shot? Just wild swings everyday shaking both bulls and bears out. I think they will rally it up into that date, but I’m ok with them just chopping sideways too.
Red I like your idea on the unfoldment of the markets over the next few weeks. The only concern I see, is for later on today into next week. I still believe we will see a little lower lows in the over all markets. This will have the bears licking their chops. At that point, I believe the big boys will than ramp it up the bears rear end. Well see what happens I hope they ramp it up today, I would love to go short, for a partial short over the weekend. But I do not think it will happen today thou.
Well, I didn’t like the bullish or bearish setup, so I didn’t do anything today. No gain, No loss… great day for me! LOL
I should have went with my gut feeling from this morning instead of the technicals.
Maybe we get a “capitulation” move today? But, the volume isn’t really that high… so more selling could come next week. However, I think it will be short lived and only go down to test or slightly pierce the 1101 spx level. Then a rally into opx.
2.5 point loss on that one.
Good news about the European Debt will have too come out over the weekend for them to rally this pig I believe. Otherwise, we will likely continue down to retest the 1101 spx low I think.
Its either do or die here.
Went long here near the lows, let see if this market can ramp up into the close
That’s still possible, but I don’t think we are going down below 1,000 until after the Legatus meeting is over. Maybe we go down for a double bottom, or slightly lower, and then rally for 3 weeks into opx? Hard too say which at this point, so I tread lightly until a direction is more clear.
It’s coming, but they are doing everything they can to hold this pig up for right now. I’m expecting to hear some B.S. good news soon (maybe over the weekend?) about the Euro debt problems… which should cause the market to rally.
I still think they are going to chop around and/or go up into this coming option expiration on October 21st. Then we are going to fall off the cliff starting on Monday the 24th. Between now and then is just a crap shot? Just wild swings everyday shaking both bulls and bears out. I think they will rally it up into that date, but I’m ok with them just chopping sideways too.
Red I like your idea on the unfoldment of the markets over the next few weeks. The only concern I see, is for later on today into next week. I still believe we will see a little lower lows in the over all markets. This will have the bears licking their chops. At that point, I believe the big boys will than ramp it up the bears rear end. Well see what happens I hope they ramp it up today, I would love to go short, for a partial short over the weekend. But I do not think it will happen today thou.