Buy bots defended the 1300 area. Plenty of Pomo left and seasonal positive bias the rest of the week. My guess is that we go up from here with stops in place just in case it gets ugly. See ya Friday.
a cool stat that has just come to my attention with 2 days of steady selling the wilshire 5000 monthly candle still closed outside the upper bollinger band. that is how stretched and overbought this market had become…..we have only just begun….
FYI – Abdullah indicated over on Jay’s site that he caught a FP of FAZ at 77 this afternoon. Considering there is 5:1 reverse split tonight that would be an 88% increase from here. Probably just more confirmation that we are going down.
Porter Stansberry seems to have it all coming apart this year… did you watch End of America? or listen to him today on Alex Jones? Catch the replay if you didn’t.
HI RED, Getting back to the DOLLAR/S&P 500 comparison, I believe this has been the 1st time I have seen them down together. Call me paranoid/hopeful but this may be what I think us “GROWLING AND HUNGRY BEARS” have been looking for. GOOD LUCK with the unravelling.
http://www.youtube.com/user/optionmonstertv#p/u/0/YvqfNqLE-Do
2:42
Buy bots defended the 1300 area. Plenty of Pomo left and seasonal positive bias the rest of the week. My guess is that we go up from here with stops in place just in case it gets ugly. See ya Friday.
Yes Richie, while we are likely to have some wild swings up and down, I do believe the trend has finally changed to bearish now.
Thanks JohnnyET… that would be one nice sell off in the market. If you get a screen shot of it, email it to me or post it here.
Hey Robert, what kind of bounce are you looking for? Do you think the top is in now, or do you see us going back up higher still yet?
red,
a cool stat that has just come to my attention with 2 days of steady selling the wilshire 5000 monthly candle still closed outside the upper bollinger band. that is how stretched and overbought this market had become…..we have only just begun….
Another awesome day fellas. Sold all my shorts this afternoon with a nice profit. Gonna take tomorrow off. g.l. all.
Red,
FYI – Abdullah indicated over on Jay’s site that he caught a FP of FAZ at 77 this afternoon. Considering there is 5:1 reverse split tonight that would be an 88% increase from here. Probably just more confirmation that we are going down.
Porter Stansberry seems to have it all coming apart this year… did you watch End of America? or listen to him today on Alex Jones? Catch the replay if you didn’t.
HI RED, Getting back to the DOLLAR/S&P 500 comparison, I believe this has been the 1st time I have seen them down together. Call me paranoid/hopeful but this may be what I think us “GROWLING AND HUNGRY BEARS” have been looking for. GOOD LUCK with the unravelling.