It simply reaffirms my belief that that we’ll top this week and tank next week. Too many turn date indicators over the weekend and the first few days of the next week. I’m not sure if we’ll get to our FP on SPY of 127.07 or not, but either way… the top should be put in by this Friday or next Monday for sure.
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/09/spy-near-50-hour-moving-average.html
It simply reaffirms my belief that that we’ll top this week and tank next week. Too many turn date indicators over the weekend and the first few days of the next week. I’m not sure if we’ll get to our FP on SPY of 127.07 or not, but either way… the top should be put in by this Friday or next Monday for sure.
indeed. should lead
Could be a head fake down here. Than up into the 2:15 meeting.
That’s a very bearish looking chart…
http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=4&dy=0&id=p97130311937
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2:15 When he starts his speech.
Oh yeah… I fully expect the market to react wildly. Is it 2:15 as usually when he speaks?
I am sure their will be lots of head fakes, up or down in the market today.