I don’t know Dee? It just looks like the market has went to sleep again. The volume is low (only 84 million on the spy right now), and low volume always favors the bulls.
I think that once the 15 minute dips below zero (almost there now) and recycles back up, we’ll have our C move up into the close. Depending on how high it goes will decide for me if I should go short over the weekend or wait. I want to see the volume and action in the move, as well as what level it goes too.
I’m not sure Jeff? I know there were a bunch of reverse splits today, and I’m sure that is throwing things off. The UCO, FAZ, and many more did splits… so it’s hard too figure out what’s real and what’s normal?
Hey Red…what do you make of this. I have a scan on Finviz that is to locate momentum stocks moving higher. Weird results today, not sure if it constitutes as a fake print…never really caught one before. To be honest, never even knew about them until I started to come to your site.
Here is a print screen of my results. It’s odd that the contra etf’s are showing up when their down today. Other than the etf’s…just a bunch of energy related names.
Gang, I don’t think this is the start of wave 3 down. I think this is only wave B down, with C up to follow on Monday or late into the end of today. It just isn’t high enough for a wave 2 up I believe.
Just a feeling of course, as I could be wrong on this, but I don’t think it isn’t that simple to just get short on the first bounce up and ride it down. They will shake some bulls and bears out… you all should know that by now.
what are you seeing in the charts for monday?? today has reset the short term technicals….. and headline risk for the weekend is high – are we churning come monday – up or down??? (btw i am making a tub full of jell-o just in case!)
I don’t know Dee? It just looks like the market has went to sleep again. The volume is low (only 84 million on the spy right now), and low volume always favors the bulls.
I think that once the 15 minute dips below zero (almost there now) and recycles back up, we’ll have our C move up into the close. Depending on how high it goes will decide for me if I should go short over the weekend or wait. I want to see the volume and action in the move, as well as what level it goes too.
Right now we are .382 Fib retrace on Dow and .50 on SPX… that should hold… I don’t hear the fat lady singing yet…
So how high do you think the retrace up will be?
I’m not sure Jeff? I know there were a bunch of reverse splits today, and I’m sure that is throwing things off. The UCO, FAZ, and many more did splits… so it’s hard too figure out what’s real and what’s normal?
Hey Red…what do you make of this. I have a scan on Finviz that is to locate momentum stocks moving higher. Weird results today, not sure if it constitutes as a fake print…never really caught one before. To be honest, never even knew about them until I started to come to your site.
Here is a print screen of my results. It’s odd that the contra etf’s are showing up when their down today. Other than the etf’s…just a bunch of energy related names.
http://screencast.com/t/6k44OzHAQ
Gang, I don’t think this is the start of wave 3 down. I think this is only wave B down, with C up to follow on Monday or late into the end of today. It just isn’t high enough for a wave 2 up I believe.
Just a feeling of course, as I could be wrong on this, but I don’t think it isn’t that simple to just get short on the first bounce up and ride it down. They will shake some bulls and bears out… you all should know that by now.
YUM! hard to say – depends on who kills who over the weekend…
red,
what are you seeing in the charts for monday?? today has reset the short term technicals….. and headline risk for the weekend is high – are we churning come monday – up or down??? (btw i am making a tub full of jell-o just in case!)
Tank baby tank 🙂 LOL!
LOL… I was only reading the charts Richie (which ironically, seem to work very well for the bulls).
😉