Pre-market Monday—look at RTH…it should be up… 3% gap up…You might want to fade the gap up, at lunch time, ny,ny time..
My IWM 15 min…chart says Higher high on Monday…possible 74.6—
I follow the DIA,QQQQ,IWM—they give off much more reliable signals by far, than the SPY…lesson learned in my ancient times…You should follow all 4, and you should see the difference, after awhile…You’ll probably drop SPY, cause it’s always out of place…
VIX 21, anything can happen–That’s a high enough VIX for huge moves, either direction.
Wednesday should be up for sure, as they will be pumping $15 Billion into the market with POMO that day, and another $15 Billion on Thursday. Monday I’m not sure about?
It’s an auction, I think!…I imagine you have to take ownership right away. anyway, the banks borrow $30 billion, at zero% interest, buy the Treasuries for an instant 3% gain. Banks UP!!!!
I don’t know about that Z… the 60 minute chart is pointing straight down now. We should at least sell off at the open. Maybe they will rally it into the close, who knows? If so, then it could get overbought again allowing for your Tuesday down day.
The 15 minute chart is turning back up now. Looks like we’ll rally a little into the close. The 60 is still pointing down, and should allow for a possible gap down on Monday morning. It could also be filled though, as the 15 and 30 could turn it back up. Hard too say?
I don’t know? It only says that the Fed’s are basically giving money to the banks for treasuries. What the banks do is unknown? Most of the time they are told to use the money to buy up the market (while they secretly sell their own shares), but it’s not a guarantee.
Pre-market Monday—look at RTH…it should be up… 3% gap up…You might want to fade the gap up, at lunch time, ny,ny time..
My IWM 15 min…chart says Higher high on Monday…possible 74.6—
I follow the DIA,QQQQ,IWM—they give off much more reliable signals by far, than the SPY…lesson learned in my ancient times…You should follow all 4, and you should see the difference, after awhile…You’ll probably drop SPY, cause it’s always out of place…
VIX 21, anything can happen–That’s a high enough VIX for huge moves, either direction.
Wednesday should be up for sure, as they will be pumping $15 Billion into the market with POMO that day, and another $15 Billion on Thursday. Monday I’m not sure about?
It’s an auction, I think!…I imagine you have to take ownership right away. anyway, the banks borrow $30 billion, at zero% interest, buy the Treasuries for an instant 3% gain. Banks UP!!!!
I don’t know about that Z… the 60 minute chart is pointing straight down now. We should at least sell off at the open. Maybe they will rally it into the close, who knows? If so, then it could get overbought again allowing for your Tuesday down day.
Dow Jones weekend update
http://niftychartsandpatterns.blogspot.com/2010/11/dow-jones-weekend-update_27.html
EVERY week, Up on Monday, down on Tuesday—I’ve been saying this for 3 weeks now…
WED UP!!!!!!!!!!!
oH man….forget your charts, everyone, Black Friday retail, The MALLS are Packed today—RTH going up 3% on MONDAY
US Dollar Index
http://niftychartsandpatterns.blogspot.com/2010/11/us-dollar-looking-positive.html
The 15 minute chart is turning back up now. Looks like we’ll rally a little into the close. The 60 is still pointing down, and should allow for a possible gap down on Monday morning. It could also be filled though, as the 15 and 30 could turn it back up. Hard too say?
I don’t know? It only says that the Fed’s are basically giving money to the banks for treasuries. What the banks do is unknown? Most of the time they are told to use the money to buy up the market (while they secretly sell their own shares), but it’s not a guarantee.