Excellent day fellas. TNA was a nice standout for me today. Rally cap is now off due to seasonals negative for Monday. Hope you were all onboard the train today. Have a great weekend Red….
with the small caps up over 2.2% today – which is a RISK ON decision of the market – your hunch is probably very correct. we will have to wait for another EVENT that changes the market back to selling and RISK OFF…
just a question then – where are we in terms of a count then. are we still in p2, or are we in p3 and a deep corrective ABC occurring that will take us back to the highs???
Ok, I’ve made my decision… I’m sitting in cash over the weekend. Looking at the past on the weekly chart, I can’t find any place that the market gaped down and didn’t retrace back up and at least fill the gap or go higher.
The odds say (from past weekly candles) that we will revisit this level or higher at some point next week before selling off lower.
SMH is down 2% in AH.
Excellent day fellas. TNA was a nice standout for me today. Rally cap is now off due to seasonals negative for Monday. Hope you were all onboard the train today. Have a great weekend Red….
bulls on Monday
http://www.youtube.com/watch?v=X3KV4fLSNoU&feature=related
I show a 80.34 low trade on IWM in after hours , die monster die.
“Risk Off”, the new John Woo motion picture, coming to a stock market near you.
red,
with the small caps up over 2.2% today – which is a RISK ON decision of the market – your hunch is probably very correct. we will have to wait for another EVENT that changes the market back to selling and RISK OFF…
red,
just a question then – where are we in terms of a count then. are we still in p2, or are we in p3 and a deep corrective ABC occurring that will take us back to the highs???
Market close in < 30
Ok, I’ve made my decision… I’m sitting in cash over the weekend. Looking at the past on the weekly chart, I can’t find any place that the market gaped down and didn’t retrace back up and at least fill the gap or go higher.
The odds say (from past weekly candles) that we will revisit this level or higher at some point next week before selling off lower.
(warning, GG is biased. and has an incredibly small long position)
expectant positivity till Tuesday evening.
http://practicalt.blogspot.com/2011/02/emini-tuesday.html