That print matches up perfectly with the low of the day, so I’d say it’s a late fill and not a FP… but still do keep your eye open. Most of the real FP’s tend to show up at levels that the market has never been to in awhile. Also, they show up in the premarket more then the afterhours.
oh gawd, will someone please give me some meds to slow my brain down…( Here’s another scenario I just remembered) Are we going to get another DOW up 20 points up a day for 25 straight trading days in a row?
I’m not reading too much into the close. It just looks like profit taking from the quick move up from the low. Tomorrow could open down, up, or flat. I don’t see any pattern to tell me any direction.
But, the 5, 15, and 30 minute charts are now peaking, with the 60 minute not too far behind. A gap up would be a great shorting opportunity in my opinion. Not that I expect it to happen of course, but it would squeeze out those that shorted into the close today.
That print matches up perfectly with the low of the day, so I’d say it’s a late fill and not a FP… but still do keep your eye open. Most of the real FP’s tend to show up at levels that the market has never been to in awhile. Also, they show up in the premarket more then the afterhours.
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Hi Red, I’ll see your 119 SPX FP and raise you $117.76..
17.76 = 1776 = Illuminati
http://zstock7.com/wp-content/uploads/2010/10/11-29-spy-fp.jpg
Hi Red, I do a lot of these…Takes time to get good at it!
http://zstock7.com/wp-content/uploads/2010/10/11-29-HAL-48-IN-2011.jpg
Dow Jones chart
http://niftychartsandpatterns.blogspot.com/2010/11/dow-jones-analysis-after-closing-bell_30.html
Who knows? 1300 by year end imo…….g.l. zzzzzzz
I’m 80% short–It’s either hero or zero for me…Nowhere to hide, now! I got stops… 1.5% stop losses on all the shorts….
oh gawd, will someone please give me some meds to slow my brain down…( Here’s another scenario I just remembered) Are we going to get another DOW up 20 points up a day for 25 straight trading days in a row?
Santa Clause rally is starting as early as tomorrow or Wed. Don’t miss the boat………….
I’m not reading too much into the close. It just looks like profit taking from the quick move up from the low. Tomorrow could open down, up, or flat. I don’t see any pattern to tell me any direction.
But, the 5, 15, and 30 minute charts are now peaking, with the 60 minute not too far behind. A gap up would be a great shorting opportunity in my opinion. Not that I expect it to happen of course, but it would squeeze out those that shorted into the close today.