took so long to get to the comments section, site is loading very slow again, dunno why—all the other sites i go to, load instantly. like in milliseconds, this one takes 3 to 5 minutes…
maybe it’s all the you tube videos…those things slow my site down, too.
anyway.
IYF is about to activate 3 short sell signals i use at 56… http://zstock7.com/wp-content/uploads/2011/06/iyf-6-14aa.jpg
After 6 weeks of down down down., all of a sudden out of the clear blue our pledge to Greece, and China’s better manufacturing number solved all problems? I don’t think so. This is the dead cat bounce we were overdue for. When a market slides for 6 weeks, which it hasn’t done since 2004, the rubber band gets stretched in the opposite direction. So, what we’re seeing is the snap back.
The question is.. how long will it last? I tend to think it’s got a few day in it, even though we’ve got 123 DOW points so far and are well above 12,000. I think we can lean into this, but I also think it’s going to be a shortable event eventually.
Pretty boring day… as usual. Have you noticed how they never let the bulls in, or bears out when they do days like today? They gap it up, and trade basically sideways the rest of the day… not allowing the bulls a good spot to go long, or the bears a spot to exit.
As for tomorrow, I’d expect some weakness in the morning to reset the short term overbought charts, but I’m not expecting the move down to the 1250 spx double bottom area yet. I still think we have more upside to go, and then back down… probably next week though, as we’re likely to trade flat to slightly up into Friday (because it’s opx).
If we go down some tomorrow, we could put in an “inverse head and shoulders” pattern on most of the short term charts. The upside target should be around the 1320 area. Not sure if it can make it up that high, but we all know how controlled and manipulated this market is… meaning that the “impossible” is “possible”.
gov’t wants all your keys to everything you own… apartment, house, business http://www.youtube. com/watch?v=zFCLiij0CBA&feature=player_embedded#at=36
the beginning…of the end game….
was passed with a resounding 6 to 1 vote,
Spot on Red..Max pain is around 1310 and you know we will see that at expiration 🙂
took so long to get to the comments section, site is loading very slow again, dunno why—all the other sites i go to, load instantly. like in milliseconds, this one takes 3 to 5 minutes…
maybe it’s all the you tube videos…those things slow my site down, too.
anyway.
IYF is about to activate 3 short sell signals i use at 56…
http://zstock7.com/wp-content/uploads/2011/06/iyf-6-14aa.jpg
After 6 weeks of down down down., all of a sudden out of the clear blue our pledge to Greece, and China’s better manufacturing number solved all problems? I don’t think so. This is the dead cat bounce we were overdue for. When a market slides for 6 weeks, which it hasn’t done since 2004, the rubber band gets stretched in the opposite direction. So, what we’re seeing is the snap back.
The question is.. how long will it last? I tend to think it’s got a few day in it, even though we’ve got 123 DOW points so far and are well above 12,000. I think we can lean into this, but I also think it’s going to be a shortable event eventually.
Pretty boring day… as usual. Have you noticed how they never let the bulls in, or bears out when they do days like today? They gap it up, and trade basically sideways the rest of the day… not allowing the bulls a good spot to go long, or the bears a spot to exit.
As for tomorrow, I’d expect some weakness in the morning to reset the short term overbought charts, but I’m not expecting the move down to the 1250 spx double bottom area yet. I still think we have more upside to go, and then back down… probably next week though, as we’re likely to trade flat to slightly up into Friday (because it’s opx).
If we go down some tomorrow, we could put in an “inverse head and shoulders” pattern on most of the short term charts. The upside target should be around the 1320 area. Not sure if it can make it up that high, but we all know how controlled and manipulated this market is… meaning that the “impossible” is “possible”.
Dow Jones at the trend line: http://niftychartsandpatterns.blogspot.com/2011/06/dow-jones-near-broken-trend-line.html
Looks like the bounce has started now. I don’t know how high it will go, but I do expect it to stay up until opx is over with this Friday.
SPY Trying to fill the GAP: http://niftychartsandpatterns.blogspot.com/2011/06/spy-gap-filling.html
gov’t wants all your keys to everything you own… apartment, house, business
http://www.youtube. com/watch?v=zFCLiij0CBA&feature=player_embedded#at=36
the beginning…of the end game….
was passed with a resounding 6 to 1 vote,
Interesting the page that shows historical interest rates. I guess when it hits “zero,” so does the world economy.
Thanks Z… We’ll see if his turn date is accurate by tomorrow I guess.