Yest was a bear trap and today or monday would be a bull trap and then we resume the rally to 1070.
Regd GM causing all the hoolah. In the last 18 months it must be pretty obvious that media has no clue of what is going on and hence they just see the most hyped story and put it in perspective. This is what i stated a while ago about how this media is working these days.
“Crazy Colleen” owes me 5.3 million, I thought that was part of the agreement.
I’ll take my share in gold and silver and please don’t use USPS to ship it they lose my mail often.
No offense but look at the video she posted, it shows her half naked. She is just trying to sucker people in because otherwise no one would watch it. Just another woman desperate for your attention.
Thank you for the post and the video!
BTW, the HR8791 video is a joke made by the Onion folks.
(Hint: Look at the “C” in C-SPAN)
The joke is on us though b/c the reality gets even scarier than this parody.
Happy trading!
Nice close especially Nasdaq. I wouldn’t be surprised to see the decline renew tomorrow. No massive bull flip today and no key resistance was taken out. 10 day average is still overhead and declining. Dollar looks like it hardly corrected and bounced off the 50day average which is acting as support. 73 trading days tomorrow off 8-9-10 high; there were 73 tds going into 8-9-10 high from the April high so that sets up a possible top for tomorrow. 2 Pi number is coming soon also. In fact that date has a convergence of cycles like no other. The magic number, the Blackberry Number scrambled. Mc Clellan Oscillator should make a new low after this bounce ends. It rarely drops that low with a single spike and this could still be the first spike down. (Complex bottom formation) Its the second spike down that is usually the most powerful. And this first spike down exceeded the mid August decline’s 3/C wave spike decline and yet this decline has not even achieved the points lost in that decline.
How the “F” did the whole world go from everything is falling apart Ireland going bankrupt Madman Bernanke is ruining everything with the dumbest idea in the world…
…to the sky is blue everything is peachy keen Ireland will be bailed out so load up with Euros because all the stock markets all over the world are going to explode in vigor.
What the “F” is that “S” about? I’d really really like to take a Louisville Slugger to the heads of every single one of those CNBC pumpers and Madman Bernanke and everyone else who is complicit in all this garbage. Unbelievable!
sorry havent been around im sick feels like im about ready to drop dead.Anyway todays action was somewhat of a surprise move but honestly there were rumours about the GM IPO floating around during the last few days and everyone was just looking for an excuse to rally.However with that being said is this rally going to be short lived remains to be seen.If im looking longterm then honestly i dont see the market going into the red anytime before next year for the charts wise i hate to say this but this really does look like a decent pullback before another forward move takes place.The normal market cycles have been shot to hell Sept and Oct are gone and is Nov going to be red ?????? This is what happens when the market is being manipulated the crap out of it.Well everything changes traders 20 years ago would be having heart attacks every 5 mins in todays trading so the only thing is 3 words. Think Learn Evolve . I am going back to basics of trading using either Uptrend rules Down or sideways.Taking each day as it comes and keeping my chin up no matter what happens.
Leo,
Yest was a bear trap and today or monday would be a bull trap and then we resume the rally to 1070.
Regd GM causing all the hoolah. In the last 18 months it must be pretty obvious that media has no clue of what is going on and hence they just see the most hyped story and put it in perspective. This is what i stated a while ago about how this media is working these days.
AP: Stocks rally because
S&P 500 Before opening bell
http://niftychartsandpatterns.blogspot.com/2010/11/s-500-futures-before-opening-bell_19.html
Confirmed slightly bullish. We should be up about 30-50 points on Friday.
Unless some major news changes that.
“Crazy Colleen” owes me 5.3 million, I thought that was part of the agreement.
I’ll take my share in gold and silver and please don’t use USPS to ship it they lose my mail often.
No offense but look at the video she posted, it shows her half naked. She is just trying to sucker people in because otherwise no one would watch it. Just another woman desperate for your attention.
Hi Red!
Thank you for the post and the video!
BTW, the HR8791 video is a joke made by the Onion folks.
(Hint: Look at the “C” in C-SPAN)
The joke is on us though b/c the reality gets even scarier than this parody.
Happy trading!
New Post…
Nice close especially Nasdaq. I wouldn’t be surprised to see the decline renew tomorrow. No massive bull flip today and no key resistance was taken out. 10 day average is still overhead and declining. Dollar looks like it hardly corrected and bounced off the 50day average which is acting as support. 73 trading days tomorrow off 8-9-10 high; there were 73 tds going into 8-9-10 high from the April high so that sets up a possible top for tomorrow. 2 Pi number is coming soon also. In fact that date has a convergence of cycles like no other. The magic number, the Blackberry Number scrambled. Mc Clellan Oscillator should make a new low after this bounce ends. It rarely drops that low with a single spike and this could still be the first spike down. (Complex bottom formation) Its the second spike down that is usually the most powerful. And this first spike down exceeded the mid August decline’s 3/C wave spike decline and yet this decline has not even achieved the points lost in that decline.
Yes, everything is allright now. Let the Christmas rally begin. First, the seasonal Thanksgiving rally…………………
How the “F” did the whole world go from everything is falling apart Ireland going bankrupt Madman Bernanke is ruining everything with the dumbest idea in the world…
…to the sky is blue everything is peachy keen Ireland will be bailed out so load up with Euros because all the stock markets all over the world are going to explode in vigor.
What the “F” is that “S” about? I’d really really like to take a Louisville Slugger to the heads of every single one of those CNBC pumpers and Madman Bernanke and everyone else who is complicit in all this garbage. Unbelievable!
sorry havent been around im sick feels like im about ready to drop dead.Anyway todays action was somewhat of a surprise move but honestly there were rumours about the GM IPO floating around during the last few days and everyone was just looking for an excuse to rally.However with that being said is this rally going to be short lived remains to be seen.If im looking longterm then honestly i dont see the market going into the red anytime before next year for the charts wise i hate to say this but this really does look like a decent pullback before another forward move takes place.The normal market cycles have been shot to hell Sept and Oct are gone and is Nov going to be red ?????? This is what happens when the market is being manipulated the crap out of it.Well everything changes traders 20 years ago would be having heart attacks every 5 mins in todays trading so the only thing is 3 words. Think Learn Evolve . I am going back to basics of trading using either Uptrend rules Down or sideways.Taking each day as it comes and keeping my chin up no matter what happens.
Money is a byproduct of surviving the market.