I think we’ll have more selling after Wednesday ACP, as we are just waiting on a reset of the oversold charts right now. It should be done by late Wednesday I believe.
All the ones that I’ve seen before the market opens, hit within 2 trading days, so either today or tomorrow. If it doesn’t hit by tomorrow, it will be the first exception I know of.
Could be? But you don’t know the time frame on those prints… as to “when” they will be hit? I’m leaning toward the possibility that we rally into Wednesday and then roll over again into Friday… surprising everyone. After a bottom is put in on Friday, I expect a real rally next week… which should last until the end of the month.
QE3 rally on the horizon? Fed minutes are hinting that way… The market is “too big to fail”. LOL!
Dow Jones intraday update: http://stk.ly/oBXpP2
Yeah I don’t expect a big move yet either. I guess we’ll have to play wait and see for now.
I think we’ll have more selling after Wednesday ACP, as we are just waiting on a reset of the oversold charts right now. It should be done by late Wednesday I believe.
All the ones that I’ve seen before the market opens, hit within 2 trading days, so either today or tomorrow. If it doesn’t hit by tomorrow, it will be the first exception I know of.
Thanks for the link Bud… I’ll check it out later.
I’m not short yet, as I think we will still go higher tomorrow… and then rollover the rest of the week.
Picking up more shorts here — wow, they bought the dip huge last night, wasted all their POMO cash!!
Could be? But you don’t know the time frame on those prints… as to “when” they will be hit? I’m leaning toward the possibility that we rally into Wednesday and then roll over again into Friday… surprising everyone. After a bottom is put in on Friday, I expect a real rally next week… which should last until the end of the month.
Downward prints in SPY to 130.68 pre-market – looks like we’re going down a little before going back up.