We still have the possibility of rolling over and tanking hard later this week… but yeah, I’m thinking that there is a small chance that they could continue up to choppy until the Legatus meeting is over. That would certainly fool the bears and defy what the charts say on a technical analysis point of view.
Big morning volume came in and supported the market just now, or did they just fill it in and short it? Time will tell. I think they want this higher. Haven’t calibrated anything yet.
And remember, the new media, IS the SOCIAL MEDIA. So beware of the fulfords< williams etc.. Take the information and consider if it is real, or disinformation to help create the short squeezes that provide liquidity and the easy crawl up.
The guy who taught me how to trade, only taught the two of us, the other guy is ceo of US global funds, and has given my teacher no credit whatsoever. I fooled around and used his techniques to support a tennis bum life for a long time, but always gave him a ton of credit.
This guy here, wrote 3 best selling books in the 70’s, and our teacher encouraged us to read and reread his three books constantly to re-program or re-brainwash ourselves as to what is what, and what is not.
Its very similar to what Red keeps referring to, the gang, or the gangsters. Red you would have loved this guy. His books were all bought up, and then the publisher refused to publish any more. He was on Carson, then Cavett I think, then they pulled him from all media.
Well, they could extend this out until the end of the October 23rd Legatus Meeting… worst case scenario. If so, every bear will throw in the towel after too many failed repeated attempts breaking down from this massive bear flag.
The S and P is being dressed up really well overnight, glad I didn’t go short yet. Big accumulation on BAC btw, that scares me seeing that. This might be a wave 2, in which case it might crawl up quite a bit. Those bulls love to entice bears to squeeze them for the long crawls up.
SILVER Resistance levels: http://niftychartsandpatterns.blogspot.com/2011/09/silver-resistance-levels.html
What is your upside target for the spx?
We still have the possibility of rolling over and tanking hard later this week… but yeah, I’m thinking that there is a small chance that they could continue up to choppy until the Legatus meeting is over. That would certainly fool the bears and defy what the charts say on a technical analysis point of view.
Big morning volume came in and supported the market just now, or did they just fill it in and short it? Time will tell. I think they want this higher. Haven’t calibrated anything yet.
GOLD Resistance levels: http://niftychartsandpatterns.blogspot.com/2011/09/gold-resistance-levels.html
http://home1.gte.net/simres/e1-ney1.htm
And remember, the new media, IS the SOCIAL MEDIA. So beware of the fulfords< williams etc.. Take the information and consider if it is real, or disinformation to help create the short squeezes that provide liquidity and the easy crawl up.
The guy who taught me how to trade, only taught the two of us, the other guy is ceo of US global funds, and has given my teacher no credit whatsoever. I fooled around and used his techniques to support a tennis bum life for a long time, but always gave him a ton of credit.
This guy here, wrote 3 best selling books in the 70’s, and our teacher encouraged us to read and reread his three books constantly to re-program or re-brainwash ourselves as to what is what, and what is not.
Its very similar to what Red keeps referring to, the gang, or the gangsters. Red you would have loved this guy. His books were all bought up, and then the publisher refused to publish any more. He was on Carson, then Cavett I think, then they pulled him from all media.
http://speculationrules.com/books/jungle.php
Well, they could extend this out until the end of the October 23rd Legatus Meeting… worst case scenario. If so, every bear will throw in the towel after too many failed repeated attempts breaking down from this massive bear flag.
The S and P is being dressed up really well overnight, glad I didn’t go short yet. Big accumulation on BAC btw, that scares me seeing that. This might be a wave 2, in which case it might crawl up quite a bit. Those bulls love to entice bears to squeeze them for the long crawls up.
Interesting how Cramer did a piece on two private corrections corporations, CXW and GEO. What a coinky-dink!