I’ve been openly bullish, but I’ve turned very conservative lately and have stopped buying longs and letting my remaining positions get stopped out. I think we’re about to enter a solid correction and then rally to new highs (possibly your fake print theory)
QQQQ Triangle pattern
http://niftychartsandpatterns.blogspot.com/2010/12/qqqq-triangle-pattern.html
The more video’s I watch from Lindsey Williams, the more I’m confident that we won’t crash until the upside FP is hit.
New FP of 124.71 spy.
SPY Hour chart
http://niftychartsandpatterns.blogspot.com/2010/12/spy-hour-chart-analysis.html
red,
nothing in the equity markets seem to make sense anymore.
richie
Isn’t is strange that the SPY is down about .7 points, which should be about 7 points on the SPX… yet it’s only down less then 1 point?
Dow Jones Chart
http://niftychartsandpatterns.blogspot.com/2010/12/dow-jones-support-and-resistance-levels_17.html
I’ve been openly bullish, but I’ve turned very conservative lately and have stopped buying longs and letting my remaining positions get stopped out. I think we’re about to enter a solid correction and then rally to new highs (possibly your fake print theory)
I have some old old silver spoons I eat my cereal with…
Dunno – still showing. Maybe something else? VIX flash crash?? HA!