It looks like Pomo failed but so did the euro. We got this decline today with dollar declining and euro rallying. New low in McClellan Oscillator since this rally began and already reaching the levels achieved during the August decline. The Miami Thrice number plus the July 3 date when the notorious flash print was revealed is Tuesday, and the Miami Thrice number in trading days from the flash crash is Wednesday as well as being the favored Gann number of 144trading days from the April high.
I think we’ve avoided the danger for now Richie. I don’t see any Black Monday coming. The only wild card is if something happens on Sunday. But from the looks of things, the “event” was scheduled for 11-9 (Tuesday) with the mystery missile that failed.
against my better judgement, and what the short term (30 min) oversold charts are telling me, and with the small end of day bounce – i took a big spy short for the weekend – on nothing more than a gut feeling of a BLACK MONDAY! (please – anyone else reading this – this is so not the way to place a trade…). i kept a tight stop, but that does not protect me from a potential GAP up over my stop on Monday…. sometimes you gotta do what your gut tells ya to do.
z…When it comes down to it, would you rather own USD or Gold & Silver?
Gold may very well be headed to its 200 day $1180…(long story)
I think this week was a key reversal.
It looks like Pomo failed but so did the euro. We got this decline today with dollar declining and euro rallying. New low in McClellan Oscillator since this rally began and already reaching the levels achieved during the August decline. The Miami Thrice number plus the July 3 date when the notorious flash print was revealed is Tuesday, and the Miami Thrice number in trading days from the flash crash is Wednesday as well as being the favored Gann number of 144trading days from the April high.
I’d say the rise of the dollar is the answer to gold falling Z…
I think we’ve avoided the danger for now Richie. I don’t see any Black Monday coming. The only wild card is if something happens on Sunday. But from the looks of things, the “event” was scheduled for 11-9 (Tuesday) with the mystery missile that failed.
Why the hell don’t you just reply to me, so I can slaughter you.
Anybody wondering why gold fell $40 bucks…I have a theory…It’s so crazy though, I don’t want to get laughed out of the building if I tell you.
60 to 120 days out—also, DELL reports next week, CSCO going up on that.
red,
against my better judgement, and what the short term (30 min) oversold charts are telling me, and with the small end of day bounce – i took a big spy short for the weekend – on nothing more than a gut feeling of a BLACK MONDAY! (please – anyone else reading this – this is so not the way to place a trade…). i kept a tight stop, but that does not protect me from a potential GAP up over my stop on Monday…. sometimes you gotta do what your gut tells ya to do.