respectfully i am going to take the other side. i see a series of 1,2’s which would predicate yet another move to the 1270’s – 1250’s. i guess my eyesight is going… i am aware of the short term technicals – although i see what i see…. ok you can laugh and point at me when i am proven wrong – but just promise y’all wont throw jello at me!!
Yep… I was off by a day (as usual… LOL), but I’m fairly sure we will rally tomorrow morning, and maybe even gap open? It’s never this easy to make money as a bear.
The news won’t matter Richie. They will only focus on something good tomorrow to give a reason for the rally. The GDP numbers are out tomorrow and they are easy to manipulate. The news will focus on the good part and not cover the bad news. Hence the market will rally and squeeze out the shorts. Remember, the news is there to distract the sheep.
red,
respectfully i am going to take the other side. i see a series of 1,2’s which would predicate yet another move to the 1270’s – 1250’s. i guess my eyesight is going… i am aware of the short term technicals – although i see what i see…. ok you can laugh and point at me when i am proven wrong – but just promise y’all wont throw jello at me!!
No, Billion on the S&P.
http://data.cnbc.com/quotes/.SPX/tab/2
A gap down in the morning would be a good spot to go long… if they don’t have good GDP numbers. Either way, gap up or down, I see a rally tomorrow.
Yep… I was off by a day (as usual… LOL), but I’m fairly sure we will rally tomorrow morning, and maybe even gap open? It’s never this easy to make money as a bear.
Squeeze has started.
The news won’t matter Richie. They will only focus on something good tomorrow to give a reason for the rally. The GDP numbers are out tomorrow and they are easy to manipulate. The news will focus on the good part and not cover the bad news. Hence the market will rally and squeeze out the shorts. Remember, the news is there to distract the sheep.
All the market “wants” to hear is “Gaddafi flees” or “Gaddafi killed”… If “Gaddafi Slays his peasants”, that would be bad.
red,
with headline risk being what it is right now – libya et al… will traders be willing to go long for over the weekend???
Silver will retrace to 31.275 levels soon.
Gold will also find resistance near historic high’s.
Silver will retrace to 31.275 levels soon.
Gold will also find resistance near historic high’s.