Can you shed a bit of light on what info you are going for at Cramer’s? Are you saying he is conveying the timing of significant events? Is there an event in particular you are looking for?
I just went over to Cramer’s to check out his show today and he has the controlling number on his scoreboard.
10: 04 (date)
30: 14 (score—whatever that means)
The 157 number shows up again if one adds everything up (as 15.7 or 58???) Of course this doesn’t really help me predict a date. But today was 56+56 or 112 trading days from the April high and tomorrow is 40 (5×8)calendar days from 8-26 (or 8-8).
Gold is one trade I wouldn’t short. Although you can make good money with it, if you catch it right… it’s safer to just go long on a pull back, as it’s in a long term bull market and will be for quite some time.
Hey Rosabarba… nice of you to stop by. I haven’t backdated the POMO day’s but just briefly looking back at the last 7 days that they had them… all 7 produced a sharp spike up in the market.
So, it’s reasonable to assume that we’ll get some spike up tomorrow and Wednesday morning too. How high is of course unknown, but a fib retracement level should be expected.
FWIW, I think a big swoon this week is less likely than not. I agree that the volume and action today appeared corrective, and while there might be some more downside, the IT trend remains up until proved otherwise.
Also FWIW, it would be a mistake, I believe, to expect the POMO effect to be specific to that day. Somebody crunched the numbers, anyway, and determined that the POMO edge involves the *number* of active days within a specified timeframe and extended for several months after a concentrated cluster of POMO days.
Well, I was disappointed with the amplitude with the downmove but from today’s candlestick it looks like there should be some continuation tomorrow. Crude oil (at least uso) was putting in a doji top today although $xoi was down considerably. The 4s might work with another date Jaywiz mentioned below and the Cramer 8.53 number that he touches. I did find a number that seems to be the controlling number, controlling all the events since the April high. I’ll mention it after the next dip or to the few who might be interested.
Futures chart before opening bell : CLICK HERE
Geccko,
Can you shed a bit of light on what info you are going for at Cramer’s? Are you saying he is conveying the timing of significant events? Is there an event in particular you are looking for?
I just went over to Cramer’s to check out his show today and he has the controlling number on his scoreboard.
10: 04 (date)
30: 14 (score—whatever that means)
The 157 number shows up again if one adds everything up (as 15.7 or 58???) Of course this doesn’t really help me predict a date. But today was 56+56 or 112 trading days from the April high and tomorrow is 40 (5×8)calendar days from 8-26 (or 8-8).
Hey Red…can’t believe you listen to a nut like benjamin…where did you find that guy???????????????
Gold is one trade I wouldn’t short. Although you can make good money with it, if you catch it right… it’s safer to just go long on a pull back, as it’s in a long term bull market and will be for quite some time.
Hey Rosabarba… nice of you to stop by. I haven’t backdated the POMO day’s but just briefly looking back at the last 7 days that they had them… all 7 produced a sharp spike up in the market.
So, it’s reasonable to assume that we’ll get some spike up tomorrow and Wednesday morning too. How high is of course unknown, but a fib retracement level should be expected.
Thanks for the link, and stop by more often.
GDX topped,
Hi Red!
Sorry for all the self promoting inserts on the GDX chart…
http://zstock7.com/wp-content/uploads/2010/10/gdx-10-4AAWW.jpg
I was able to post the $USD chart here the other day…which was based on the info, on this GDX chart,
Hi, Red.
FWIW, I think a big swoon this week is less likely than not. I agree that the volume and action today appeared corrective, and while there might be some more downside, the IT trend remains up until proved otherwise.
Also FWIW, it would be a mistake, I believe, to expect the POMO effect to be specific to that day. Somebody crunched the numbers, anyway, and determined that the POMO edge involves the *number* of active days within a specified timeframe and extended for several months after a concentrated cluster of POMO days.
http://www.tradingtheodds.com/2010/09/permanent-open-market-operations-pomo/
As always, FWIW.
Well, I was disappointed with the amplitude with the downmove but from today’s candlestick it looks like there should be some continuation tomorrow. Crude oil (at least uso) was putting in a doji top today although $xoi was down considerably. The 4s might work with another date Jaywiz mentioned below and the Cramer 8.53 number that he touches. I did find a number that seems to be the controlling number, controlling all the events since the April high. I’ll mention it after the next dip or to the few who might be interested.
Just testing to see if I am having disqus problems again