They only had $1-$2 Billion today in POMO money, that’s why they can’t rally much. Tomorrow they have $5-$7 Billion, so if we drop in the morning it should be bought back up when POMO kicks in. (The link is to the right under the “Helpful Information” section.
Yes, I’m looking closely at today’s close as it could be a decent short for some early Tuesday selling. Of course it will likely reverse back up Wednesday, but one down day could make you a quick buck…
I think we will see some selling into Tuesday, but I don’t think it’s the start of the larger move down. Good for day traders or short term swing traders… but not for those of us waiting for the larger move down. That might not happen until after opx?
Yes… I agree. I won’t be going short for any bigger/longer time frame move until the VIX FP is hit. For now, I’m staying out. I still think we will go down on Tuesday, but we could go back up the rest of the week? Hard too say, but with this light volume it’s very controlled right now.
Hit that area and is now pulling back… wonder if that was a retest of near the highs… gold isn’t doing the same thing which is wierd – they have been traveling together for the most part.
They only had $1-$2 Billion today in POMO money, that’s why they can’t rally much. Tomorrow they have $5-$7 Billion, so if we drop in the morning it should be bought back up when POMO kicks in. (The link is to the right under the “Helpful Information” section.
Not gonna have much of a rally with Dow Jones in negative territory.
It’s on his main page… the first video. His link is in my blogroll.
Red can you post a link to Ron Walker’s video mentioned in your Weekend update video.
Yes, I’m looking closely at today’s close as it could be a decent short for some early Tuesday selling. Of course it will likely reverse back up Wednesday, but one down day could make you a quick buck…
Yeah, OPX will be pretty tame, but there are a few bucks to be made during the day. Sell into the close & BTFD has worked lately.
I think we will see some selling into Tuesday, but I don’t think it’s the start of the larger move down. Good for day traders or short term swing traders… but not for those of us waiting for the larger move down. That might not happen until after opx?
Yes… I agree. I won’t be going short for any bigger/longer time frame move until the VIX FP is hit. For now, I’m staying out. I still think we will go down on Tuesday, but we could go back up the rest of the week? Hard too say, but with this light volume it’s very controlled right now.
Hit that area and is now pulling back… wonder if that was a retest of near the highs… gold isn’t doing the same thing which is wierd – they have been traveling together for the most part.
that was hit – now what LOL!