well I use real time markets and it is on an intra day chart… I did save the screen shot to word (pasted into a document) – but no url… is there a way to post that?
You could be right Richie. Nothing says we have too make new highs. The 129.53 FP will certainly be hit I believe, but after that… who knows? Maybe Bernanke will raise rates and cause the crash? Wouldn’t that be unexpected?
well if we pop up to that intraday spy fp of 129.53 in the morning, it may be the mild sell late day today, and tommorrow, before fridays script…… i think the blow off top is just obvious a play. TPTB might take out stops above, but at this point in the game, that is to be expected (21 months of the same)… i think the bulls are all in, and the bears are timid and confused and are far from ALL IN…i say you hit them when both sides are expecting chop for another week or so………. i dunno, but my gut says no blow off top….. (and as usual i will probably be wrong on that one…LOL)
Yes Dee, they count too. That’s probably a signal that they plan to take the market down to that level within a couple of day. Could be today after the Fed meeting, or tomorrow? It also could be Friday, as we don’t really know for sure how long it will take to play out.
Like I mentioned in my post below, the criminal banks spent $27 billion to push the DOW back to even today, which is clearly an act of desperation. It looks to me that they bit off more than they could chew and their prints were a little too aggressive. I can’t see them pushing the market much higher with even $9 billion a day of illegal pump money from the Fed.
POMO wound down and the last billions were pumped in late March/early April. So the market was in cruise control until everyone realized the market was overbought and no money was being pumped in out of thin air, and the market took a dump.
There lies the key…money has to be created out of thin air and pumped into the market or it will crash. Money isn’t being cycled out and back in after a correction, so to keep the market overbought, money must be created from nothing and pumped in the market immediately.
well I use real time markets and it is on an intra day chart… I did save the screen shot to word (pasted into a document) – but no url… is there a way to post that?
ES Ascending channel pattern
http://niftychartsandpatterns.blogspot.com/2011/01/s-500-futures-before-opening-bell_26.html
You could be right Richie. Nothing says we have too make new highs. The 129.53 FP will certainly be hit I believe, but after that… who knows? Maybe Bernanke will raise rates and cause the crash? Wouldn’t that be unexpected?
well if we pop up to that intraday spy fp of 129.53 in the morning, it may be the mild sell late day today, and tommorrow, before fridays script…… i think the blow off top is just obvious a play. TPTB might take out stops above, but at this point in the game, that is to be expected (21 months of the same)… i think the bulls are all in, and the bears are timid and confused and are far from ALL IN…i say you hit them when both sides are expecting chop for another week or so………. i dunno, but my gut says no blow off top….. (and as usual i will probably be wrong on that one…LOL)
It’s still showing on the Nasdaq site…
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=SPY&mkttype=pre&symbol=IWM&symbol=RUT&symbol=VXX&symbol=QQQQ&symbol=SPY&symbol=DIA
dee,
did you get a screen shot/? can you post??
Yes Dee, they count too. That’s probably a signal that they plan to take the market down to that level within a couple of day. Could be today after the Fed meeting, or tomorrow? It also could be Friday, as we don’t really know for sure how long it will take to play out.
Red, do the spikes premarket count for FP? I got one at 8am for 128.20 ish… on SPY
Like I mentioned in my post below, the criminal banks spent $27 billion to push the DOW back to even today, which is clearly an act of desperation. It looks to me that they bit off more than they could chew and their prints were a little too aggressive. I can’t see them pushing the market much higher with even $9 billion a day of illegal pump money from the Fed.
POMO wound down and the last billions were pumped in late March/early April. So the market was in cruise control until everyone realized the market was overbought and no money was being pumped in out of thin air, and the market took a dump.
There lies the key…money has to be created out of thin air and pumped into the market or it will crash. Money isn’t being cycled out and back in after a correction, so to keep the market overbought, money must be created from nothing and pumped in the market immediately.