Lately, Bull Flags have been spiking down before rallying back up to take out resistance. Although, that’s a lot of resistance to break through. With such low volume, it may just keep moving sideways until 3pm. I suspect the jobs report tomorrow will be creatively put together. So tomorrow AM could be that pop and drop.
None of the short term charts are in sync today, so it looks to be a choppy day. Later today or tomorrow they should all line up point in the same direction… not sure which way?
If they allow the 60 to fail negative on the histogram bars, while keeping the price level up, then expect a rally tomorrow. Or, if they hold the 60 up until the 5, 15 and 30 get overbought, expect selling into the close.
Well, at least the traders on main stream media know this rally is all manipulated… and we thought we were the only ones! Ha… the whole trading community knows this P2 rally is just BS!
Yeah, today will be sketchy, if this isn’t a local top, then will be looking at mid-April for a double-top or head in a standard head & shoulders. Looking at how easily the HFTs can pump this market with illegally printed money, it’s too much of a bullish bias.
I’m watching oil, euro and symmetrical timing. I wish ANON would hack the HFTs and tell them to tank the market. That would really be something, if they want to make a real statement.
Remember gang, the best we will likely get today is gap fill (if we get that? Could be only gap window?). I still think they will push it up one more time. We have light volume again today, so it’s just a technical move… nothing more.
Lately, Bull Flags have been spiking down before rallying back up to take out resistance. Although, that’s a lot of resistance to break through. With such low volume, it may just keep moving sideways until 3pm. I suspect the jobs report tomorrow will be creatively put together. So tomorrow AM could be that pop and drop.
Now that’s an idea! And execute short-covering trades at the peak! Ha!
None of the short term charts are in sync today, so it looks to be a choppy day. Later today or tomorrow they should all line up point in the same direction… not sure which way?
If they allow the 60 to fail negative on the histogram bars, while keeping the price level up, then expect a rally tomorrow. Or, if they hold the 60 up until the 5, 15 and 30 get overbought, expect selling into the close.
Well, at least the traders on main stream media know this rally is all manipulated… and we thought we were the only ones! Ha… the whole trading community knows this P2 rally is just BS!
LOL…. now that would be funny! Hack the silver market and bankrupt JPM on a short squeeze!
Rick Santelli on the USDA report:
“The Fed can’t print corn!”
That really made my day!
Yeah, today will be sketchy, if this isn’t a local top, then will be looking at mid-April for a double-top or head in a standard head & shoulders. Looking at how easily the HFTs can pump this market with illegally printed money, it’s too much of a bullish bias.
I’m watching oil, euro and symmetrical timing. I wish ANON would hack the HFTs and tell them to tank the market. That would really be something, if they want to make a real statement.
Remember gang, the best we will likely get today is gap fill (if we get that? Could be only gap window?). I still think they will push it up one more time. We have light volume again today, so it’s just a technical move… nothing more.
Is there an article on this somewhere? thxs
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/03/es-with-gravestone-doji.html