I went short at about 133.40 spy, but I’ll close it out at the EOD. I did it because of the FP and the overall market looked very weak. I’m not sure about Monday, but it’s not looking good for the bulls so far. While we could gap down on Monday, I’ll just wait and see… and then get short again on the bounce.
I think we will sell off into the close today and hit the FP of 132.5333 (spy). I’m clueless about next week, as even though the charts are bearish, you can’t trust the gangster to prop it up and keep it from selling off.
Interesting read. Although the fear mongering, “sitting duck of a planet”, is entertaining. The possible real issue could be the “asteroid” hitting the moon, since it is 1 LU away from the Earth. November is a long way away and more details are needed, obviously.
it will sell off if Saudi supply remains the same… oil up “something happens”… so the only way not to lose money into Op Ex, is for “something to happen”, IMHO
ES Chart : http://niftychartsandpatterns.blogspot.com/2011/04/es-below-200-hour-moving-average.html
I thought you were already rich, owned your own oil wells, and lived in a mansion with Granny, Elly Mae, Jethro, and a cement pond? (ROFLMAO)
Wow, if the market actually closes DOWN on a FRIDAY…that will be a rarity.
I love oil. Hell, I just might take delivery.
I went short at about 133.40 spy, but I’ll close it out at the EOD. I did it because of the FP and the overall market looked very weak. I’m not sure about Monday, but it’s not looking good for the bulls so far. While we could gap down on Monday, I’ll just wait and see… and then get short again on the bounce.
no one has balls to go short over the weekend ? lol
I think we will sell off into the close today and hit the FP of 132.5333 (spy). I’m clueless about next week, as even though the charts are bearish, you can’t trust the gangster to prop it up and keep it from selling off.
Talk about being range bound over the last 7 trading days. Someone is either getting in OR getting out…
Interesting read. Although the fear mongering, “sitting duck of a planet”, is entertaining. The possible real issue could be the “asteroid” hitting the moon, since it is 1 LU away from the Earth. November is a long way away and more details are needed, obviously.
MSFT Near 50 day moving average: http://niftychartsandpatterns.blogspot.com/2011/04/msft-near-50-day-moving-average.html
it will sell off if Saudi supply remains the same… oil up “something happens”… so the only way not to lose money into Op Ex, is for “something to happen”, IMHO