Any rally is going to be subdued w/o short sellers. “Not a short left in the house,” as topstep said on its site a few days ago. That’s not to say it won’t crawl upward for a while.
Which news are you watching im watching market watch ,cnbc ,bloomberg and WSJ. I will also be watching to see if anything new forms up over the weekend but my trading is done for now and im getting a little tipsy so i might not remember all the news hehehe.
I agree that’s what SHOULD happen, but I’ve noticed a whole slew of news coming out about a selloff now, trying to get enough people short to create a short-covering rally, like the last 2 months. I’m not so sure. There was a very concerted effort to rally September and looks like they’re trying to do it again.
In any case, it’s just a wait and see. I guess the new trend is irrational rally, crash, irrational rally, crash, etc. At least as long as QE keeps going, which Madman Bernanke will never stop as long as he’s Chairman.
There’s no QE 1, QE 2, etc. It’s just QE forever because Madman Ben has finally breached the final frontier…direct injection of cash into the stock market. The one bubble that will completely and irrevocably cripple, if not destroy, our entire economy.
Ok so the list for monday is shaping up like this on the charts.
1 min = OB
5 min = OB
15 min = OB
30 min = OB
60 min = OB
Volume normal is normally low on monday
POMO Nov 1 to Nov 2 which is monday with the low volume that will work out to be in their favor.
Earlier on anoopsan had a chart which showed overhead res which failed to break out today.
News front im not sure what reports are coming out on monday yet but i dont really think it will be a major factor.
Holiday mood typically means slow or no movement sluggish at best.
Elections this time round shows a very strong move to the bears no matter who wins but before that traders seem standoffish.
Overall i see monday as a bullish day espically due to the volume , holidaymood and POMO in early trading base on charts we should see it taking a down turn before stabilizing around 10 after which POMO should keep it from falling before taking it to new heights.
This is just my personal view and if i missed something out please feel free to correct me.
Well, I don’t think squat is going to happen until 2:15 pm on Wednesday when Bernanke is done yapping his jawbones. Depending on what is say will determine the next move.
I think that any (if any at all?) stimulus that they promise to give will be too little and the market will tank on the disappointing news. No stimulus = Crash! Not enough Stimulus = Big Correction! Either way, the bears should get feed something…
haaaahahahahah well if we look at the weeks chart then its looking like its gonna end soon its clear for everyone to see that gains have been getting less on each bar and this week is the first red bar although its small and pathetic.Well just looking at charts espically on the week then there is no way that it CANT turn however we all know that the market has been extremely irrational over these past few months there is just a couple of mins left on the market so provided nothing major happens it should end at about this region.Any views on next week red.
Pretty much half the big daws like what you listed and the other half blogs (for the real story).
Any rally is going to be subdued w/o short sellers. “Not a short left in the house,” as topstep said on its site a few days ago. That’s not to say it won’t crawl upward for a while.
Which news are you watching im watching market watch ,cnbc ,bloomberg and WSJ. I will also be watching to see if anything new forms up over the weekend but my trading is done for now and im getting a little tipsy so i might not remember all the news hehehe.
I agree that’s what SHOULD happen, but I’ve noticed a whole slew of news coming out about a selloff now, trying to get enough people short to create a short-covering rally, like the last 2 months. I’m not so sure. There was a very concerted effort to rally September and looks like they’re trying to do it again.
In any case, it’s just a wait and see. I guess the new trend is irrational rally, crash, irrational rally, crash, etc. At least as long as QE keeps going, which Madman Bernanke will never stop as long as he’s Chairman.
There’s no QE 1, QE 2, etc. It’s just QE forever because Madman Ben has finally breached the final frontier…direct injection of cash into the stock market. The one bubble that will completely and irrevocably cripple, if not destroy, our entire economy.
Are you talking about the POMO or something else ??
Big rally come Monday. The rig is in………………
Ok so the list for monday is shaping up like this on the charts.
1 min = OB
5 min = OB
15 min = OB
30 min = OB
60 min = OB
Volume normal is normally low on monday
POMO Nov 1 to Nov 2 which is monday with the low volume that will work out to be in their favor.
Earlier on anoopsan had a chart which showed overhead res which failed to break out today.
News front im not sure what reports are coming out on monday yet but i dont really think it will be a major factor.
Holiday mood typically means slow or no movement sluggish at best.
Elections this time round shows a very strong move to the bears no matter who wins but before that traders seem standoffish.
Overall i see monday as a bullish day espically due to the volume , holidaymood and POMO in early trading base on charts we should see it taking a down turn before stabilizing around 10 after which POMO should keep it from falling before taking it to new heights.
This is just my personal view and if i missed something out please feel free to correct me.
Well, I don’t think squat is going to happen until 2:15 pm on Wednesday when Bernanke is done yapping his jawbones. Depending on what is say will determine the next move.
I think that any (if any at all?) stimulus that they promise to give will be too little and the market will tank on the disappointing news. No stimulus = Crash! Not enough Stimulus = Big Correction! Either way, the bears should get feed something…
haaaahahahahah well if we look at the weeks chart then its looking like its gonna end soon its clear for everyone to see that gains have been getting less on each bar and this week is the first red bar although its small and pathetic.Well just looking at charts espically on the week then there is no way that it CANT turn however we all know that the market has been extremely irrational over these past few months there is just a couple of mins left on the market so provided nothing major happens it should end at about this region.Any views on next week red.
you mean NIGHTMARE!