okay, on the spx we usually see higher highs and higher lows after the crossing of the 10 and 20 moving averages occur. even the cute little correction in november saw lower lows after the two crossed. and we are at even more extreme levels now! I think the question is, will it happen this time?Well will it? Punk.
Yup, along with a whole mess of downward SPY FPs & a Qs FP. All down. But hard to say if/when they’ll be hit. I’ve noticed a bunch of ones in the past 3 months that have been completely ignored (or will be paid off in the coming months).
dow and spx 20 and 10 moving averages crossed today. we are at horizontal resistance. both the 60 and 30 charts overbought area. So do you think they will ram it up tomorrow? I think down day. we may have to redraw diagonal resistance when its said and done.
Very well could be, but there was also a lot of money burned by the HFTs to keep the SPX from closing below 1300. Just a “wait and see” for now, I guess.
I like to think it was mutual fund money coming in late, plus the 6-8 POMO money at the same time.
I’ll take that over some dumb chavez rumor, or libyan news!
Your guess is as good as mine. All I know is the only thing that can REALLY tank this market is if all the Fed bobbleheads except Hoenig died in the same car accident. Then, there would be a REAL crash.
And, FOR THE RECORD, I hope that happens, because what they are doing will result in the deaths of many, many people. Not only outside the US, but inside the US too.
okay, on the spx we usually see higher highs and higher lows after the crossing of the 10 and 20 moving averages occur. even the cute little correction in november saw lower lows after the two crossed. and we are at even more extreme levels now! I think the question is, will it happen this time?Well will it? Punk.
oh that’s right! we ignore the down ones.
my bad.
ok, feeling guilty.
here’s a pic
http://tinypic.com/r/25ew8bt/7
Yup, along with a whole mess of downward SPY FPs & a Qs FP. All down. But hard to say if/when they’ll be hit. I’ve noticed a bunch of ones in the past 3 months that have been completely ignored (or will be paid off in the coming months).
dow and spx 20 and 10 moving averages crossed today. we are at horizontal resistance. both the 60 and 30 charts overbought area. So do you think they will ram it up tomorrow? I think down day. we may have to redraw diagonal resistance when its said and done.
Very well could be, but there was also a lot of money burned by the HFTs to keep the SPX from closing below 1300. Just a “wait and see” for now, I guess.
I like to think it was mutual fund money coming in late, plus the 6-8 POMO money at the same time.
I’ll take that over some dumb chavez rumor, or libyan news!
Anybody see the E-mini futures FP?
1307.50
3:09PM candle.
touching the bottom line of a pennant IMHO.
Your guess is as good as mine. All I know is the only thing that can REALLY tank this market is if all the Fed bobbleheads except Hoenig died in the same car accident. Then, there would be a REAL crash.
And, FOR THE RECORD, I hope that happens, because what they are doing will result in the deaths of many, many people. Not only outside the US, but inside the US too.
IS that event 3-11-11