The volume is light right now, so I’m waiting until the last hour or so to see what happens. I think they might dip down here midday and push back up later. I just don’t trust these gangsters in this light volume environment.
That could be the target for the B wave down Dee? Since it’s obvious by now that we’re not going down to reset 1300 spx for that B wave, a move down to 131.75 spy could be all we will get?
However, I think a partial short position could be taken today… just in case “mutual fund” Tuesday doesn’t happen tomorrow. Just because the first day of March is usually bullish, that doesn’t mean it will happen this time.
I’m looking at the 5 and 15 minute charts right now. I think they will push this up again later in the day, as we are now forming a bull flag and those 2 charts are looking ready to roll up from negative to positive at anytime.
Yes, this is amazing! Technical Analysis said we would have a B wave down today, but these gangsters defied gravity and pushed it up instead. Now tomorrow was supposed to be bullish, but if it doesn’t have a B wave down today, we could see that on Tuesday?
Then maybe a rally into the close and/or into Wednesday to complete the C wave up. Since this A wave up has already hit the 1327.50 target, I’m inclined to believe we will have a double top with a possible slight pierce (which could hit that 135.14 spy FP).
Amazing…they really have this coordinated…I haven’t seen one single frame of Libya video on cnbc during this rally. It’s as thought it’s not happening now. You’ll know when to sell when you start seeing Libya video again. Hell, if they even start mentioning it!
The volume is light right now, so I’m waiting until the last hour or so to see what happens. I think they might dip down here midday and push back up later. I just don’t trust these gangsters in this light volume environment.
That could be the target for the B wave down Dee? Since it’s obvious by now that we’re not going down to reset 1300 spx for that B wave, a move down to 131.75 spy could be all we will get?
However, I think a partial short position could be taken today… just in case “mutual fund” Tuesday doesn’t happen tomorrow. Just because the first day of March is usually bullish, that doesn’t mean it will happen this time.
I’m looking at the 5 and 15 minute charts right now. I think they will push this up again later in the day, as we are now forming a bull flag and those 2 charts are looking ready to roll up from negative to positive at anytime.
Falling off some… do we go down from here?
1330 may have shaped up to be a lower high I hope.
What about the 131.75 FP 🙁
Yes, this is amazing! Technical Analysis said we would have a B wave down today, but these gangsters defied gravity and pushed it up instead. Now tomorrow was supposed to be bullish, but if it doesn’t have a B wave down today, we could see that on Tuesday?
Then maybe a rally into the close and/or into Wednesday to complete the C wave up. Since this A wave up has already hit the 1327.50 target, I’m inclined to believe we will have a double top with a possible slight pierce (which could hit that 135.14 spy FP).
Amazing…they really have this coordinated…I haven’t seen one single frame of Libya video on cnbc during this rally. It’s as thought it’s not happening now. You’ll know when to sell when you start seeing Libya video again. Hell, if they even start mentioning it!
Here’s Dee’s FP of 131.75 spy gang…
http://reddragonleo.com/wp-content/uploads/fp-spy-131.75-on-02-28-2011.bmp
Thanks Dee…
A buck is a buck!!! LOL! at this point I will take anything that I can get.
That’s not very far away… probably a real trade.