Strange stuff, that’s for sure. I think we will close up here close to the top and have one more early morning pop tomorrow morning to squeeze out those that go short today… then I think the high will be in for the week.
Fed is selling $142 bil of toxic garbage back to the banks. That’s why the market actually went down for more than 1 day in a row. Not Japan, not MidE. Just this. No wonder the charts have been working the last 3 weeks.
Im looking at going short at SPX 1302. Its the kiss of death on daily 50dayMA. Again, i wont be shorting alld ay, just making a few bucks and out. scary right now lol
Strange stuff, that’s for sure. I think we will close up here close to the top and have one more early morning pop tomorrow morning to squeeze out those that go short today… then I think the high will be in for the week.
Maybe the HFTs are going haywire because they won’t have a stock to churn after Citigroup reverse splits……
…wait for it…wait for it…
something is fishy with the SPY pricing today… not sure if its the weird BID/ASK issue or what but something is off…
Looks like the crap is going to hit the fan soon ACP! Good catch… thanks.
This is why the market tanked lately…clearly someone had this insider info beforehand:
http://www.zerohedge.com/article/treasury-quid-banker-pro-quo-you-can-raise-dividends-if-you-buy-my-toxic-mortgages
Fed is selling $142 bil of toxic garbage back to the banks. That’s why the market actually went down for more than 1 day in a row. Not Japan, not MidE. Just this. No wonder the charts have been working the last 3 weeks.
and we can draw a downward sloping trendine from the high 1340 ish..to the bottom of selloff last week…lots of resistance there
There is a necktie of resistance around that 1302 level on the daily charts.
Im looking at going short at SPX 1302. Its the kiss of death on daily 50dayMA. Again, i wont be shorting alld ay, just making a few bucks and out. scary right now lol
http://www.youtube.com/watch?v=rFBI1bzWzJ4
do you have a link to that one?