Odds are the highest that it will hit today, as the 15 minute chart is looking like to come back up from being oversold and go positive. The should push the market up to the print.
But, by the end of the day, I expect the 60 minute chart to finally roll over into negative territory… which means that it’s not likely to happen tomorrow. Today has the best odds.
Jobless Claims up more then expected by 35,000… but the most the market can sell off is about 3 points on the ES futures! LOL! Talk about a controlled market, they got this market wrapped so tight it can’t sell off a penny without Fed approval.
Red,
red,
robert has a thesis of “don’t fight the fed and POMO”. Looking at the money flows, we all know that the government/fed money is the only real reason for this equity market – so with all these buyers of stocks since july of last year front running the fed – if you wait too long, who are you going to sell to?? accumulation right to the bitter end of june?? REALLY…..i think smart participants know this, and know the food riots happening now has handcuffed the fed’s ability for QE3, and we will be seeing distribution now rather than never ending blind accumulation…..
Today is 261 days from 4-26 high. This is the number of the exit as the lead character in 127hours drives to the national park. Only divisible by 3 and 9 with the remainders 29 and 87. Of course, I believe it was 4-25 the day he drives past it. But the movie goes on to May 1.
What I do not understand is why pension funds and investors would continue to invest in the very companies that have choosen to defraud and continue to defraud them using their off balance sheet liabilities. The FED and US govermnet are complicit in their actions, which is unconscionable .
Regardless of the “Recovery”, the markets will return and perhaps penetrate the lows in March of 2009. The Million, Billion, or Trillion dollar question is when!
What role do specialists play in this rigged game?
Odds are the highest that it will hit today, as the 15 minute chart is looking like to come back up from being oversold and go positive. The should push the market up to the print.
But, by the end of the day, I expect the 60 minute chart to finally roll over into negative territory… which means that it’s not likely to happen tomorrow. Today has the best odds.
red,
another trading day…..what kind of odds are you giving that we hit the FP of DIA today???
ES Support levels
http://niftychartsandpatterns.blogspot.com/2011/01/s-500-futures-before-opening-bell_13.html
Unemployment could go up to 100% and all you’d hear is BUY! BUY! BUY!
Jobless Claims up more then expected by 35,000… but the most the market can sell off is about 3 points on the ES futures! LOL! Talk about a controlled market, they got this market wrapped so tight it can’t sell off a penny without Fed approval.
Red,
red,
robert has a thesis of “don’t fight the fed and POMO”. Looking at the money flows, we all know that the government/fed money is the only real reason for this equity market – so with all these buyers of stocks since july of last year front running the fed – if you wait too long, who are you going to sell to?? accumulation right to the bitter end of june?? REALLY…..i think smart participants know this, and know the food riots happening now has handcuffed the fed’s ability for QE3, and we will be seeing distribution now rather than never ending blind accumulation…..
Today is 261 days from 4-26 high. This is the number of the exit as the lead character in 127hours drives to the national park. Only divisible by 3 and 9 with the remainders 29 and 87. Of course, I believe it was 4-25 the day he drives past it. But the movie goes on to May 1.
Red,
What I do not understand is why pension funds and investors would continue to invest in the very companies that have choosen to defraud and continue to defraud them using their off balance sheet liabilities. The FED and US govermnet are complicit in their actions, which is unconscionable .
Regardless of the “Recovery”, the markets will return and perhaps penetrate the lows in March of 2009. The Million, Billion, or Trillion dollar question is when!
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