Looks like we are getting some wild swings from the “better then expected” jobs data. This looks like a choppy wave 4 before wave 5 down begins. I think this is just a “dead cat bounce”, and we’ll start wave 5 down sometime before the close today… which means that it will carry over into Friday too. This means Friday could be the larger down day… hard too say which? But either way, I expect another 500-1000 before this week ends.
You need to get a life…. Probably dissatisfied with your income or something.
Exxon Mobile was halted after an errant trade printed outside of normal trading parameters and freaked out the artificial regulatory limiters.
http://www.zerohedge.com/news/visualizing-halt-americas-largest-publicly-traded-company-due-hft-glitch
LOL… fat fingers is back! This is a sign of what’s coming… and it’s not going to be pretty!
Milan Bourse Says Will Not Resume Futures Trading On Thursday For FTSE MIB…
http://www.zerohedge.com/news/milan-bourse-says-will-not-resume-futures-trading-thursday-ftse-mib
If this spreads to the US, things will get ugly tomorrow…
Here’s the answer…
http://www.zerohedge.com/news/rejected-europe-wide-short-selling-ban-does-not-look-likely
He’s a quick 5 minute update of my thoughts gang…
http://screencast.com/t/vluMJYnpj
AAPL and GOOG Holding on to 50 DMA: http://niftychartsandpatterns.blogspot.com/2011/08/apple-and-google-holding-on-to-50-dma.html
Anyone remember what happened the last time someone tried to ban short selling?
http://www.cnbc.com/id/44104680
Gold Channel violated: http://niftychartsandpatterns.blogspot.com/2011/08/gold-channel-violation.html
Looks like we are getting some wild swings from the “better then expected” jobs data. This looks like a choppy wave 4 before wave 5 down begins. I think this is just a “dead cat bounce”, and we’ll start wave 5 down sometime before the close today… which means that it will carry over into Friday too. This means Friday could be the larger down day… hard too say which? But either way, I expect another 500-1000 before this week ends.
ES Hour chart analysis : http://niftychartsandpatterns.blogspot.com/2011/08/es-hour-chart-analysis.html