seems good, with all this greek BS on the wire everyday…elites have to announce their next moves, according to Red, and boy, they sure are announcing, loud and clear:)
XOM 200 day is 76.2, for a second intraday Friday, i thought it might try to get to 76.2.
i went long at 77.4, got crushed 60 cents last 5 minutes of the trading trade. good news is, people bought 1/2 $billion worth of shares in after hours on friday at 76.8. they get to control the bid. so the bid will be above 76.8 on Monday. this is as good as a fake print.(extremely big block buys in AH –bought in 100 $million lots, and 1/4 $billion lots)..da dum… http://zstock7.com/wp-content/uploads/2011/06/XOM-6-23AAaa.jpg
this one there’s 2 schools of thoughts. GLD might be headed much lower, which in turn would make ABX go below the green area. the other side argues, even GLD at lower prices, the price is already in the stock, and the support holds at the green area. who knows…i went long, we’ll see. http://zstock7.com/wp-content/uploads/2011/06/abx-6-24aa.jpg
I’ve been waiting on a decent bounce all week Steveo, and I’m still not sure if we are going to get one… at least until we go lower first, to retest the 1240 area. I hope you are right on that call, but I’m having my doubts on any real bounce starting.
I think it is interesting what has happened in the last week, Greece problems, Bernanke admiting US is crappy, and oil problems too. A crazy week, I am guessing there is a bigger move coming on the market.
We posted this Ellipse of Doom months back, and thought the “Egg” dead
when that overthrow occurred, now it is back in play. For a number of
reasons, thinking to go long ES next Sunday/Monday.
Keep in mind, the banksters don’t want anyone else to profit in this
nearly zero sum game. That is why the big moves come at night and on
weekends.
As per prior theory, rally into July 4th weekend, and then Kansas Go Bye-Bye (KGB)
seems good, with all this greek BS on the wire everyday…elites have to announce their next moves, according to Red, and boy, they sure are announcing, loud and clear:)
i captured the profits on XOM from thursday low to fri high… had a bad intraday re-entry on fri, i gave a little back…
very nice jesterx, thanx a million. i like your analysis a lot! since i’ve been following you the past 6 month’s… you’ve been spot on.
XOM 200 day is 76.2, for a second intraday Friday, i thought it might try to get to 76.2.
i went long at 77.4, got crushed 60 cents last 5 minutes of the trading trade. good news is, people bought 1/2 $billion worth of shares in after hours on friday at 76.8. they get to control the bid. so the bid will be above 76.8 on Monday. this is as good as a fake print.(extremely big block buys in AH –bought in 100 $million lots, and 1/4 $billion lots)..da dum…
http://zstock7.com/wp-content/uploads/2011/06/XOM-6-23AAaa.jpg
this one there’s 2 schools of thoughts. GLD might be headed much lower, which in turn would make ABX go below the green area. the other side argues, even GLD at lower prices, the price is already in the stock, and the support holds at the green area. who knows…i went long, we’ll see.
http://zstock7.com/wp-content/uploads/2011/06/abx-6-24aa.jpg
Thanks for the video Jestex, and for stopping by…
I’ve been waiting on a decent bounce all week Steveo, and I’m still not sure if we are going to get one… at least until we go lower first, to retest the 1240 area. I hope you are right on that call, but I’m having my doubts on any real bounce starting.
SPX Weekend Analysis: http://niftychartsandpatterns.blogspot.com/2011/06/s-500-weekend-analysis.html
Great stuff as usual.
I think it is interesting what has happened in the last week, Greece problems, Bernanke admiting US is crappy, and oil problems too. A crazy week, I am guessing there is a bigger move coming on the market.
Been following this guy for a while, his trading advice is killer and is very accurate…. latest video – http://www.youtube.com/watch?v=xKP90DrpfzQ
We posted this Ellipse of Doom months back, and thought the “Egg” dead
when that overthrow occurred, now it is back in play. For a number of
reasons, thinking to go long ES next Sunday/Monday.
Keep in mind, the banksters don’t want anyone else to profit in this
nearly zero sum game. That is why the big moves come at night and on
weekends.
As per prior theory, rally into July 4th weekend, and then Kansas Go Bye-Bye (KGB)
http://oahutrading.blogspot.com/2011/06/fibonacci-time-relation-to-fear-factor.html
http://oahutrading.blogspot.com/2011/06/zoom-on-egg-of-doom.html