I’m out of all shorts right now, but I do think we will have some more downside to come. I’m thinking we will go up to the FP of 132.50 tomorrow and then sell off again.
Seems strange, as opx is usually bullish, but the charts still look very bearish for the short term right now. I just don’t see any rally back up toward the current high yet, as I think we’ll have another leg down. I will get short again after the bounce is over tomorrow (I think?).
its so hard to make a few bucks…. luckily… I covered most of my shorts…. around 11am :0 getting most of the move down….. will wait with my ammo to short again.
New FP of 132.4928 spy at 1:30 pm est. This isn’t the level the market closed at yesterday (close though), so it’s probably a valid print. The “when” part is unknown of course, but I’d expect it to hit before this week is over.
So what’s the next move Cletus? We all know that this market is manipulated, as that’s what this whole blog is about… “the gangsters”. But how do you know “when” the FP’s are going to be hit? Figure that one out, and you’ll be rich!
I’m out of all shorts right now, but I do think we will have some more downside to come. I’m thinking we will go up to the FP of 132.50 tomorrow and then sell off again.
Seems strange, as opx is usually bullish, but the charts still look very bearish for the short term right now. I just don’t see any rally back up toward the current high yet, as I think we’ll have another leg down. I will get short again after the bounce is over tomorrow (I think?).
how you feeling about the market ? did you go short few days ago ? or are you waiting with the shorts you had already ?
Mr. TopStep thinks there’s more downside to come…
http://www.youtube.com/watch?v=peKBFrMXyCQ
its so hard to make a few bucks…. luckily… I covered most of my shorts…. around 11am :0 getting most of the move down….. will wait with my ammo to short again.
The QQQ also has a FP of 56.7964 at 1:45 pm est.
New FP of 132.4928 spy at 1:30 pm est. This isn’t the level the market closed at yesterday (close though), so it’s probably a valid print. The “when” part is unknown of course, but I’d expect it to hit before this week is over.
Deadly time vortex appears over Antarctica
http://beforeitsnews.com/story/553/845/Deadly_time_vortex_appears_over_Antarctica.html&NL
Crude Oil Chart: http://niftychartsandpatterns.blogspot.com/2011/04/crude-oil-back-to-breakout-level.html
Good call on that mschemeng…
So what’s the next move Cletus? We all know that this market is manipulated, as that’s what this whole blog is about… “the gangsters”. But how do you know “when” the FP’s are going to be hit? Figure that one out, and you’ll be rich!