Short term charts are pointing down Robert. I doubt that this gap will be filled today. The 60, 30, and 15 minute charts are all going negative now. Maybe a rally into the close, but I don’t see any gap fill today.
Hi Red!Video correction…your $15B pomo money comes in On wed Dec 1, not Tuesday, the lat day of the month…
Oh man, I’m salivating….Buy shorts Monday, buy longs Tuesday…
Sometime next week, you gonna get a pullback / sell-off in the airlines…So there’s at least one big down day on the DOW, next week. Tuesday is double punch Tuesday—Not only are every Tuesday’s down, This next Tuesday is on the last day of the month, which is usually always down….Hope you got shorts, On next Monday…and then look for that airline stock crash—-makings for 2 down days, next week.
54% age
“Statistics of right angled broadening pattern shows a larger percentage of upside breakouts”… How large?
SPY chart with a broadening wedge
http://niftychartsandpatterns.blogspot.com/2010/11/spy-with-broadening-wedge.html
Short term charts are pointing down Robert. I doubt that this gap will be filled today. The 60, 30, and 15 minute charts are all going negative now. Maybe a rally into the close, but I don’t see any gap fill today.
S&P 500 Futures chart
http://niftychartsandpatterns.blogspot.com/2010/11/s-500-futures-chart-analysis.html
Oh no, futures are down. Got a feeling this gap is gonna get filled….
China and Russia quit using dollar only in bi-lateral trade…
http://www.examiner.com/blogosphere-buzz-in-national/china-and-russia-quit-using-dollar-only-bi-lateral-trade-video
I don’t see any particular reason why we rallied.
Personal income slightly rose 0.5% compared to 0.4% that was expected.
The market totally wrote off a big drop in durable goods for October.
Durable goods was -3.3% compared to -0.3% expected.
New home sales declined as well, but that is nothing new.
It could be that people just don’t wanna worry about the market on a holiday. We could easily give up these gains on another day.
Hi Red!Video correction…your $15B pomo money comes in On wed Dec 1, not Tuesday, the lat day of the month…
Oh man, I’m salivating….Buy shorts Monday, buy longs Tuesday…
Sometime next week, you gonna get a pullback / sell-off in the airlines…So there’s at least one big down day on the DOW, next week. Tuesday is double punch Tuesday—Not only are every Tuesday’s down, This next Tuesday is on the last day of the month, which is usually always down….Hope you got shorts, On next Monday…and then look for that airline stock crash—-makings for 2 down days, next week.