LOL… yes, I posted it awhile back. But that’s cool, post it again… not like I have a lot of commentors anyway. Maybe I’ll turn the site into a place to post jokes? (Just kidding).
P.S. Keep your eye’s open for FP’s. I haven’t seen any in awhile now. It’s always quietest before the storm.
If we go back up into the close, we would have an “inverted head and shoulders” pattern setup. If it works, then we should rally tomorrow. If it fails, then another large move down should happen.
Wow, this market it really bullet proof. Amazing! Another miracle on wall st! Day after day after day after day after day after day after day! Incredible! It’s almost as if someone is illegally manipulating the market so that it will never ever fall more than 200 points or below 11,000!
There could be a nuclear war and the entire surface of the earth could be molten rock and metal and the Dow would rally up at the end of the day because who knows where the servers are that are really controlling this market??
Yeah, staying overnight is risky. They could easily gap it up and squeeze the bears tomorrow morning, just as easy as they could push it down more.
The charts say we are oversold now… but you and I both know that it can stay oversold for quite awhile. So will it rally back up, or continue down? Don’t know, but down is the easiest path.
yep… however since the trend is down now the puts are moving faster than the calls for quick in and out, but noon time is just not right to get in, so I am waiting for another hour or so to see .
I hope I will not be chicken like yesterday and wait till close to make a move, I really don’t want to stay overnight anymore with any positions now…
Agreed, the weekly support is at 1130 spx (about 113 spy), which would be about as low as I can see it going. That would be a nice correction, and then a rally can start and continue until about the end of January. After that, it’s all down hill.
I think the same, they just “correct” the market a llittle so they can get a better position of the Santa Claus Rally. And I also believe that the market might drop again but not sure if today but if is by the end of the week, than maybe is a little more than 30 points, just my opinion. Another 30 points will only by enough for today. Which I don’t really think will happen. The spy might drop from its 118.54 to 118.20 the most, after that will rally back up
Well, the volume on this sell off is really quite light. That tells me that the gangsters might be using this holiday week to sell off the market to a level that they can start to rally back up from for the Christmas Rally.
The North Korea/South Korea thing was timed perfectly… wouldn’t you agree? It’s not enough to cause a crash, but just enough to scare the market a little bit.
That “little bit” will justify for a “correction” and allow a continued move higher next week. We could go down another 10-30 points before the week is over… at which point “our correction” would also be over.
If this was done last week with all the traders present and not on holiday vacation, the market would have been down twice as far I believe. More gangster manipulation it seems…
Yesterday at the close I took a small put position because I still believe long term market is bearish, but I sold it first thing in the morning, should I waited the profit would have doubled, but I like better safe than sorry policy. Now I am waiting for an entry point, but is not clear if up or down yet….
just lilke yesterday: it seems by day end market will bounce back, but can’t say same thing for the rest of the week just yet….
LOL… yes, I posted it awhile back. But that’s cool, post it again… not like I have a lot of commentors anyway. Maybe I’ll turn the site into a place to post jokes? (Just kidding).
P.S. Keep your eye’s open for FP’s. I haven’t seen any in awhile now. It’s always quietest before the storm.
Sorry if this was posted…
http://www.youtube.com/watch?v=PTUY16CkS-k
If we go back up into the close, we would have an “inverted head and shoulders” pattern setup. If it works, then we should rally tomorrow. If it fails, then another large move down should happen.
Wow, this market it really bullet proof. Amazing! Another miracle on wall st! Day after day after day after day after day after day after day! Incredible! It’s almost as if someone is illegally manipulating the market so that it will never ever fall more than 200 points or below 11,000!
There could be a nuclear war and the entire surface of the earth could be molten rock and metal and the Dow would rally up at the end of the day because who knows where the servers are that are really controlling this market??
Yeah, staying overnight is risky. They could easily gap it up and squeeze the bears tomorrow morning, just as easy as they could push it down more.
The charts say we are oversold now… but you and I both know that it can stay oversold for quite awhile. So will it rally back up, or continue down? Don’t know, but down is the easiest path.
yep… however since the trend is down now the puts are moving faster than the calls for quick in and out, but noon time is just not right to get in, so I am waiting for another hour or so to see .
I hope I will not be chicken like yesterday and wait till close to make a move, I really don’t want to stay overnight anymore with any positions now…
Agreed, the weekly support is at 1130 spx (about 113 spy), which would be about as low as I can see it going. That would be a nice correction, and then a rally can start and continue until about the end of January. After that, it’s all down hill.
I think the same, they just “correct” the market a llittle so they can get a better position of the Santa Claus Rally. And I also believe that the market might drop again but not sure if today but if is by the end of the week, than maybe is a little more than 30 points, just my opinion. Another 30 points will only by enough for today. Which I don’t really think will happen. The spy might drop from its 118.54 to 118.20 the most, after that will rally back up
Well, the volume on this sell off is really quite light. That tells me that the gangsters might be using this holiday week to sell off the market to a level that they can start to rally back up from for the Christmas Rally.
The North Korea/South Korea thing was timed perfectly… wouldn’t you agree? It’s not enough to cause a crash, but just enough to scare the market a little bit.
That “little bit” will justify for a “correction” and allow a continued move higher next week. We could go down another 10-30 points before the week is over… at which point “our correction” would also be over.
If this was done last week with all the traders present and not on holiday vacation, the market would have been down twice as far I believe. More gangster manipulation it seems…
Yesterday at the close I took a small put position because I still believe long term market is bearish, but I sold it first thing in the morning, should I waited the profit would have doubled, but I like better safe than sorry policy. Now I am waiting for an entry point, but is not clear if up or down yet….
just lilke yesterday: it seems by day end market will bounce back, but can’t say same thing for the rest of the week just yet….