Well i cant disagree with what you have said however i think you fail to understand the full impact of what has happened to the market with the FEDS manipulating it to such an extent that its poised to crash.For every action there is an equal and opposite reaction.For the market on the other hand its 3 steps forward 2 steps back.Look over the current events and answer this if the movement up with no support continues what will the correction be like?As for (crash) i think its nothing more then a term we use cause anything over a few hundred points and everyone screams crash check the reports on CNN ( FLASH CRASH ) thats the term they used , not the end of the world or whatever but it was a crash.Point being made here is yes WE know the bulls have taken it to the bank so have i for that matter now its a matter of when its gonna correct itself trading these days can earn you money BOTH (BULLS or BEARS).I dont give a dam if the bulls or bears we all i give a dam about is winning BOTH of them
It is a given when all posters see no further upside ,no more QE2 money,the market is running on fumes,etc., etc that thr is at least another 30 points on S&P NOW and another 80 S&P by first quarter of 2011. Wishing for something does not make it happen.Look at gold bears calling for deep correction sine $1000 . Now a 40% percent correction will just get you back to $1000 !!! How many years will that take?? If S&P correts ao% where will you be?? Same place as in mid Sept Whooooo So what?? If market doesn`t drop at least 205 BEARS HAVE MADE ABSOLUTELY NO HEADWAY. And in the meantime BULLS have been taking it to the bank.
However, maybe it was for the SPY, and only the insider knew it? There is one more gap at 118.18 spy on May the 5th that I can find, that hasn’t been filled. Maybe that’s the final upside target for tomorrow?
Almost towards closing and touching 10900 before dropping abit talk about high its been a few months since ive seen it at this lvl closing all longs and waiting till tomorrow for the right time to go short.Right now the market is running on fumes and i can hear the engine sputtering right now.
No clues that I can figure out Johnny? But from past experience, they usually play out with 1-2 days. However, it depends on how far away the print is too. If it’s close, like this one, then 1-2 days is typical. If it’s far off, like maybe down or up 5-10 points on the SPY (50-100 on SPX), then it could take a week or more?
Look how long ago that 105.39 SPY was that Anna caught… it’s been over a month now. It’s yet to be hit. It will though, once the market rolls over.
Yeah I know, who could be bearish on Gold???
http://screencast.com/t/VFMH78Aq
Well i cant disagree with what you have said however i think you fail to understand the full impact of what has happened to the market with the FEDS manipulating it to such an extent that its poised to crash.For every action there is an equal and opposite reaction.For the market on the other hand its 3 steps forward 2 steps back.Look over the current events and answer this if the movement up with no support continues what will the correction be like?As for (crash) i think its nothing more then a term we use cause anything over a few hundred points and everyone screams crash check the reports on CNN ( FLASH CRASH ) thats the term they used , not the end of the world or whatever but it was a crash.Point being made here is yes WE know the bulls have taken it to the bank so have i for that matter now its a matter of when its gonna correct itself trading these days can earn you money BOTH (BULLS or BEARS).I dont give a dam if the bulls or bears we all i give a dam about is winning BOTH of them
It is a given when all posters see no further upside ,no more QE2 money,the market is running on fumes,etc., etc that thr is at least another 30 points on S&P NOW and another 80 S&P by first quarter of 2011. Wishing for something does not make it happen.Look at gold bears calling for deep correction sine $1000 . Now a 40% percent correction will just get you back to $1000 !!! How many years will that take?? If S&P correts ao% where will you be?? Same place as in mid Sept Whooooo So what?? If market doesn`t drop at least 205 BEARS HAVE MADE ABSOLUTELY NO HEADWAY. And in the meantime BULLS have been taking it to the bank.
Dollar whacked. Stocks up, hold your nose and buy everything……….
Possible short (watch): VirnetX Holding Corp (VHC) – up 10% today – going parabolic
another parabolic tech stock
Yeah, but that was on the DIA, not the SPY…
http://reddragonleo.com/wp-content/uploads/2010/04/DIA-misprint-03-31-20101.jpg
However, maybe it was for the SPY, and only the insider knew it? There is one more gap at 118.18 spy on May the 5th that I can find, that hasn’t been filled. Maybe that’s the final upside target for tomorrow?
Almost towards closing and touching 10900 before dropping abit talk about high its been a few months since ive seen it at this lvl closing all longs and waiting till tomorrow for the right time to go short.Right now the market is running on fumes and i can hear the engine sputtering right now.
Red, remember that FP of 118 from months ago, and you were wondering how or when it was gonna get hit? Well looks like we are on our way there.
Dow Jones daily chart analysis
No clues that I can figure out Johnny? But from past experience, they usually play out with 1-2 days. However, it depends on how far away the print is too. If it’s close, like this one, then 1-2 days is typical. If it’s far off, like maybe down or up 5-10 points on the SPY (50-100 on SPX), then it could take a week or more?
Look how long ago that 105.39 SPY was that Anna caught… it’s been over a month now. It’s yet to be hit. It will though, once the market rolls over.