I forgot to mention, transports down OVER 5% today. I don’t know if they’ll try to use what’s left of QE lite to pump the market as much as they can before dumping, but I’ll be watching very closely……
thanks, either way, time to start cashing out any equities I have left… not a good feeling on this one. Too much bank failure, negative euro action, and politics.
I’ll do a video update later tonight gang. Not sure on what this was…. the beginning of our big wave down or just shaking out some bulls and trapping some bears? Could have trapped some bulls instead? I’ll look at both possibilities.
i would not bet on it. Keep an eye on Transports and Russell
We might not get very much of a bounce tomorrow?
Futures making new lows tonight 🙂
Refresh page for new video…
Sell off into the new moon?
sounds good to me.
http://www.tutiempo.net/en/moon/phases.htm
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/09/s-500-analysis-after-closing-bell_22.html
whatever it was, definitely entertaining.
I forgot to mention, transports down OVER 5% today. I don’t know if they’ll try to use what’s left of QE lite to pump the market as much as they can before dumping, but I’ll be watching very closely……
thanks, either way, time to start cashing out any equities I have left… not a good feeling on this one. Too much bank failure, negative euro action, and politics.
I’ll do a video update later tonight gang. Not sure on what this was…. the beginning of our big wave down or just shaking out some bulls and trapping some bears? Could have trapped some bulls instead? I’ll look at both possibilities.