Yes, but I wanted the pop in the morning, not at the close. It’s now forming a big bull flag, and reseting the 30 minute back to pointing up (by the close it will). Not good for bears… as the pop could hit 1313 easily, and stay there. We need to 60 to push this market down, but it’s not looking like it wants too today.
Volume is so light right now that buying a 100 shares of IBM would cause a 100 point rally in the Dow. Sad… truly sad! You know they will pop this higher into the close… it’s coming!
Yes, but I wanted the pop in the morning, not at the close. It’s now forming a big bull flag, and reseting the 30 minute back to pointing up (by the close it will). Not good for bears… as the pop could hit 1313 easily, and stay there. We need to 60 to push this market down, but it’s not looking like it wants too today.
This is what you wanted right? A slightly positiveflat day.
ES Chart: http://niftychartsandpatterns.blogspot.com/2011/02/es-intraday-update.html
Nice article. Thanks for sharing
Volume is so light right now that buying a 100 shares of IBM would cause a 100 point rally in the Dow. Sad… truly sad! You know they will pop this higher into the close… it’s coming!
are the bears bleeding yet ?
Did you read this? Meet The Investor Who Personally Made $5 Billion Last Year From…
http://www.creditcardoutlaw.com/my-blog/2011/01/hedge-fund-managers-epic-5-billion-personal-gain-awesome.html
Gold has a beautiful long term chart…Like a stairway up to a “heaven of gains”.
Gold Chart: http://niftychartsandpatterns.blogspot.com/2011/02/gold-inverted-head-and-shoulders.html
Ben won’t be there till 11am est for open outcry
yup I thought so too!!! lol