I’m still trying to figure out how FRI can be down, with GM up like 16% on it’s first day, on it’s IPO … Probably goes to $45 eventually..That’s 15 years of estimated forward Revenue. Kind of reminds me of GOOG’s IPO, with all of this attention…
I’m still trying to figure out how FRI can be down, with GM up like 16% on it’s first day, on it’s IPO … Probably goes to $45 eventually..That’s 15 years of estimated forward Revenue. Kind of reminds me of GOOG’s IPO, with all of this attention…
well just looking at this its very clear that the market is shifting but i dont know how far this rally up if there is one will be going cause like the charts say there is alot of hurdles it needs to clear and by the time its done doing that it might have used up all the strength leaving the market open to drop at an alarming rate with nothing to hold the bears back.
I think everyone may be waiting for the GM IPO to get a pop out of the market before continuing the selloff.
Can’t see much happening Friday, but you never know. Continuation next week? You know people are getting margin calls and a lot of traders will have to reduce exposure for risk management.
Thanks San… that’s the exact chart I was talking about. The market is extremely quiet right now, which is eerie the way it makes you feel. Almost like something big is getting ready to happen… but what? A pop higher, or a big drop lower?
Thanks San… that’s the exact chart I was talking about. The market is extremely quiet right now, which is eerie the way it makes you feel. Almost like something big is getting ready to happen… but what? A pop higher, or a big drop lower?
TGT headed to 57.7 or 59..They had great earnings, and will get rewarded.
I posted the details at my site.
I’m still trying to figure out how FRI can be down, with GM up like 16% on it’s first day, on it’s IPO … Probably goes to $45 eventually..That’s 15 years of estimated forward Revenue. Kind of reminds me of GOOG’s IPO, with all of this attention…
I’m still trying to figure out how FRI can be down, with GM up like 16% on it’s first day, on it’s IPO … Probably goes to $45 eventually..That’s 15 years of estimated forward Revenue. Kind of reminds me of GOOG’s IPO, with all of this attention…
well just looking at this its very clear that the market is shifting but i dont know how far this rally up if there is one will be going cause like the charts say there is alot of hurdles it needs to clear and by the time its done doing that it might have used up all the strength leaving the market open to drop at an alarming rate with nothing to hold the bears back.
I think everyone may be waiting for the GM IPO to get a pop out of the market before continuing the selloff.
Can’t see much happening Friday, but you never know. Continuation next week? You know people are getting margin calls and a lot of traders will have to reduce exposure for risk management.
Europe is still a major issue that won’t go away.
All the short term charts are now looking toppy too me, and ready to roll over.
I think a pop higher.
Thanks San… that’s the exact chart I was talking about. The market is extremely quiet right now, which is eerie the way it makes you feel. Almost like something big is getting ready to happen… but what? A pop higher, or a big drop lower?
Thanks San… that’s the exact chart I was talking about. The market is extremely quiet right now, which is eerie the way it makes you feel. Almost like something big is getting ready to happen… but what? A pop higher, or a big drop lower?
SPY chart updated
http://niftychartsandpatterns.blogspot.com/2010/11/spy-support-and-resistance-levels_17.html