I owned part of a company where all the stock was restricted pretty well. Some idiots came in an shorted us, at a buck, we let them participate in a private placement at 22 dollars two weeks later. But we made them beg first. Good ole days.
Yes I agree. I do not believe that will be violated today. The big boys are wanting all the bears who have been hibernating to come out of their den to short the markets right here, than ramp it up their ass with a significant rally Monday- Tuesday. But as you said. 1150 is the line in the sand.
Yes, the short term charts will be oversold nicely by the end of the day, and we should rally up some next week. Your 1187 target is based on what… gap fill?
Well, I called today wrong and took a long position yesterday. It was only a small position, which isn’t being hurt too bad because the vix is helping to keep it up. I’m mainly in cash today, which is good. I missed the move, so I’ll wait for the next chance to get short… probably on Monday or Tuesday, after a small rally.
I owned part of a company where all the stock was restricted pretty well. Some idiots came in an shorted us, at a buck, we let them participate in a private placement at 22 dollars two weeks later. But we made them beg first. Good ole days.
Yes I agree. I do not believe that will be violated today. The big boys are wanting all the bears who have been hibernating to come out of their den to short the markets right here, than ramp it up their ass with a significant rally Monday- Tuesday. But as you said. 1150 is the line in the sand.
ES Triangle updated: http://niftychartsandpatterns.blogspot.com/2011/09/es-triangle-pattern.html
Yes, the short term charts will be oversold nicely by the end of the day, and we should rally up some next week. Your 1187 target is based on what… gap fill?
Re- bought here at 1155. Either way we will see 1187 next week.
Well, I called today wrong and took a long position yesterday. It was only a small position, which isn’t being hurt too bad because the vix is helping to keep it up. I’m mainly in cash today, which is good. I missed the move, so I’ll wait for the next chance to get short… probably on Monday or Tuesday, after a small rally.
However looks like the specialists are picking up a lot of paper on this descent. Accumulation? Maybe. Still not playing till Monday.
We know it’s going down to 34.65 spy (about 346.50 spx)… so yeah, the 666 level will be taken out.
Honestly this has the appearance of a 1 2 1 2 down. If that is the case, the market will go below 666spx. Maybe 333?
The 1150 level is the key level here… if that breaks then the market should really fall hard. I’m still hanging in here, but not liking it.