Jacksonville Florida (technically Atlantic Beach, but the big city is Jax).
And yes, this is looking like a small B wave down now. I think we’ll see the C wave up tomorrow. I wish I knew the exact target, but I’ll just be looking at the ES for a move to around 1288-1290, and then short the spy… where ever it may be at?
Could be a FP? It just had on large candle down to 17.10, but the next candle is at 18.25+… very strange? I’d say we will revisit that 17.10 level by Wednesday at the latest.
But, a crash is coming… and I expect it to start by this Thursday and continue into next Monday, as well as the rest of next week.
The Legatus Pilgrimage will happen this February 3rd-5th, so next week we should see the market turn down hard.
Sorry, I’ve been saying SPX… I mean ES, which is about 5-6 points lower then the SPX right now, but they have previously be in sync with each other.
When the ES hits 1288-1290, (whatever level the SPX is at), I think the bounce should be about over with. But, time is important too, and I don’t see that happening before Wednesday.
LOL… just sit back and wait Richie. By Wednesday I believe she will be topped. It’s a beautiful day outside here in Florida. I’ve opened up the windows to let the fresh air in. It helps to clear out my thoughts. Sorry for everyone still stuck with cold weather up north… bummer. That’s why I moved to Florida in 1989.
Just hang tight Richie, and sit on your hands. Worst case scenario is that we go up past the 50% or 61.8% Fib level (around 1288-1290 spx) and hit the questionable FP of 130.01 spy from Friday. Either way, this week should end a lot lower.
What everyone has been waiting for…
http://www.eurointelligence.com/article/article/eu-started-work-on-brady-plan-for-greece.html?tx_ttnews%5BbackPid%5D=901&cHash=4b161ee475c4529b69969f615be02cbf
Greek debt restructuring and all it’s consequences!
Red, any chance you think the 38.2 retracement from Friday’s move might be all we get? Just a thought.
It is showing up on my daily chart – will be interesting to see if it is still there at EOD
Jacksonville Florida (technically Atlantic Beach, but the big city is Jax).
And yes, this is looking like a small B wave down now. I think we’ll see the C wave up tomorrow. I wish I knew the exact target, but I’ll just be looking at the ES for a move to around 1288-1290, and then short the spy… where ever it may be at?
Whereabouts in Florida Red? Gulf? Best side, or used to be. I went to school on a tennis scholarship in Florida. Loved it, but missed outdoor hockey.
Waiting for the C wave up here.
U know, if my theory of distracting us before 2012 is correct, this may be a bear trap. It would be good for me overall, but I like shorting so…………..
SPY Chart: http://niftychartsandpatterns.blogspot.com/2011/02/spy-chart-analysis.html
Could be a FP? It just had on large candle down to 17.10, but the next candle is at 18.25+… very strange? I’d say we will revisit that 17.10 level by Wednesday at the latest.
But, a crash is coming… and I expect it to start by this Thursday and continue into next Monday, as well as the rest of next week.
The Legatus Pilgrimage will happen this February 3rd-5th, so next week we should see the market turn down hard.
VIX crashed…
Sorry, I’ve been saying SPX… I mean ES, which is about 5-6 points lower then the SPX right now, but they have previously be in sync with each other.
When the ES hits 1288-1290, (whatever level the SPX is at), I think the bounce should be about over with. But, time is important too, and I don’t see that happening before Wednesday.
LOL… just sit back and wait Richie. By Wednesday I believe she will be topped. It’s a beautiful day outside here in Florida. I’ve opened up the windows to let the fresh air in. It helps to clear out my thoughts. Sorry for everyone still stuck with cold weather up north… bummer. That’s why I moved to Florida in 1989.
Just hang tight Richie, and sit on your hands. Worst case scenario is that we go up past the 50% or 61.8% Fib level (around 1288-1290 spx) and hit the questionable FP of 130.01 spy from Friday. Either way, this week should end a lot lower.