If we reach it by this afternoon as you think, then there won’t be much upside left for 2:15 tomorrow. Meaning that there may not be the usual spike down after the Fed meeting, followed by a rally into the rally. We could instead just sell off and not look back? Food for thought at least…
Well gang, it looks like another exciting day in Vegas. Back up again for a triple top it seems. I’m with Anna on thinking that they will most likely break through this 1196 area, and go on up to 1215 for the double top there.
hahah dont worry i will im into the DJ30 indice as my name says and im an intraday so im looking at everybit of info that i can lay my hands on to (guess) where this market will head.I try to not only go base on charts but news and events as well.
Was today a Gangster buying day ? POMO ? what other days are left for the gangstahs to come and in the equity market ? Thanks.
If I’m right, it would be at least a st top. Could see a drop and pop tomorrow but would not expect new highs. A 1-2 scenario in EW speak.
MSFT Trading above 200 DMA
http://niftychartsandpatterns.blogspot.com/2010/11/microsoft-trading-above-200-dma.html
If we reach it by this afternoon as you think, then there won’t be much upside left for 2:15 tomorrow. Meaning that there may not be the usual spike down after the Fed meeting, followed by a rally into the rally. We could instead just sell off and not look back? Food for thought at least…
A 118.57 print just showed up. Not sure if it’s a late fill or FP, but just thought I’d let everyone know.
Well gang, it looks like another exciting day in Vegas. Back up again for a triple top it seems. I’m with Anna on thinking that they will most likely break through this 1196 area, and go on up to 1215 for the double top there.
much much luck to us today DJ 🙂
hahah dont worry i will im into the DJ30 indice as my name says and im an intraday so im looking at everybit of info that i can lay my hands on to (guess) where this market will head.I try to not only go base on charts but news and events as well.
DJ no problemo!
Visit as often as you like you don’t have to join the service, it’s there for those who want or need it 🙂
My setup, if accurate, concludes this afternoon. I see 1200 spx, likely between 1-3pm. See ES at 1197.
For kicks, 1200.21 @ 2:01 PM on 11/2/2010