Less than 1% away from DIA FP… I don’t think I’ve ever been this excited to see a particular price level. If it hits the 118.16 and tanks from there, you will have me fully converted into a FP believer! BTW Thanks for all your work in 2010. Let’s hope 2011 treats us Bears well! (not too well though, that 349 VIX print scares the $h*^ out of me).
I’ve noticed that a lot of “Big” sell offs happen on Friday’s and Monday’s, but rarely during the middle of the week. So, I think we’ll see that DIA print either this Friday or Monday.
That, I believe, is “when the levy breaks” (a little Led for your Head). LOL
i keep thinking of the timing of the FP hit. i agree with you that we will hit it by friday – 2 pomo days and nonfarm payroll – which will get us there. Then i think we will have a sideways to slightly down day on monday, and then 1/11/11 – which seems like such a symbolic and rare date occurance. it seems so logical to me that they use this date as the begginning of the biggest market crash in history…. this market is stretched farther than barbara walter’s face and combine that with a wikileaks or similar , well ………. just a thought…..
Red,
Less than 1% away from DIA FP… I don’t think I’ve ever been this excited to see a particular price level. If it hits the 118.16 and tanks from there, you will have me fully converted into a FP believer! BTW Thanks for all your work in 2010. Let’s hope 2011 treats us Bears well! (not too well though, that 349 VIX print scares the $h*^ out of me).
Gold Chart
http://niftychartsandpatterns.blogspot.com/2011/01/gold-below-50-day-moving-average.html
Yes Richie, I agree…
I’ve noticed that a lot of “Big” sell offs happen on Friday’s and Monday’s, but rarely during the middle of the week. So, I think we’ll see that DIA print either this Friday or Monday.
That, I believe, is “when the levy breaks” (a little Led for your Head). LOL
Red,
i keep thinking of the timing of the FP hit. i agree with you that we will hit it by friday – 2 pomo days and nonfarm payroll – which will get us there. Then i think we will have a sideways to slightly down day on monday, and then 1/11/11 – which seems like such a symbolic and rare date occurance. it seems so logical to me that they use this date as the begginning of the biggest market crash in history…. this market is stretched farther than barbara walter’s face and combine that with a wikileaks or similar , well ………. just a thought…..
Thanks for the tip there Robert. Coach is looking pretty ugly.
Thanks Jigsaw… I agree with Serge on that chart. We are within a few days now of toping out.
LOL… welcome to rabbit hole M. Lucas.
ES Before opening bell
http://niftychartsandpatterns.blogspot.com/2011/01/s-500-futures-before-opening-bell_05.html
Head and shoulder pattern on Coach looks like bear meat. Looks like a great short……
Wow…that is some deep shit you are posting here Red. Not sure what to think after reading that.