Illuminatus director David Fincher has a movie coming out on Friday, the Social Network, about the Facebook founders.. Interesting time for such a movie to come out near the peak of another echo tech bubble. I believe Fincher directed the Catalyst video for LP but from the previews I have seen, I haven’t noticed any of Fincher’s usual occultish and subliminal touches. Fincher is also stepping out of his usual genre.
Well, we might have some potentially exciting developments tomorrow. POMO has been discussed ad nauseam the last few days and I don’t know how many sites both bullish and bearish that have posted POMO schedules. It appears POMO has been embedded in the trader’s zeitgeist and the next one is of course tomorrow. Bears afraid to short and bulls think there is a floor beneath, wouldn’t it be interesting if the trap door is released below instead. Tomorrow’s POMO overly anticipated by all.
I revisited the CNBC Prechter interview from a few days ago and noticed all of the same embedded dates in the stock updates as were in the Cramer Code video. (by the way I did an indepth analysis of the Cramer Code in the last comments section for those interested). But all of these previous comments about no crash happening is giving me buzzkill. Don’t particularly feel like revealing the other dates.
Looks like the pattern being established is that people are playing the Fed purchase card, and today’s upward action at the very end (last 3 minutes) shows that people are catching on.
I bet it’s a BIG up day tomorrow, BUT, ending with a bigger selloff than today. Might be when we have a big dip. Then a huge upward headfake next week.
Here’s the big problem with the move down we just had… NO Volume! For the day, the SPY just has 137 million shares traded, and it’s now 3:30pm. For a real sell off to happen, I’d like to see over 200 million shares traded on the day.
I think that the move down was just some late day profit taking. It could be reversed tomorrow? I don’t know for sure, but I wouldn’t be surprised to see it run back up in the afterhours/premarket session, and open up flat or higher tomorrow morning.
I still think the big move down will start Thursday afternoon, and Friday. But if you already took a short position, I’d just ride out any move up tomorrow, as I don’t believe it will last.
I don’t think it will be taken out firmly, but a quick stop sweep, and gap fill (for that 1153-1154 level) could happen on a 5 minute candle. Then a big reversal from there should happen.
Yep… looks really weak to me too San. I hope everyone that was looking to get short took a partial position today. We don’t know what tomorrow will bring?
Illuminatus director David Fincher has a movie coming out on Friday, the Social Network, about the Facebook founders.. Interesting time for such a movie to come out near the peak of another echo tech bubble. I believe Fincher directed the Catalyst video for LP but from the previews I have seen, I haven’t noticed any of Fincher’s usual occultish and subliminal touches. Fincher is also stepping out of his usual genre.
Well, we might have some potentially exciting developments tomorrow. POMO has been discussed ad nauseam the last few days and I don’t know how many sites both bullish and bearish that have posted POMO schedules. It appears POMO has been embedded in the trader’s zeitgeist and the next one is of course tomorrow. Bears afraid to short and bulls think there is a floor beneath, wouldn’t it be interesting if the trap door is released below instead. Tomorrow’s POMO overly anticipated by all.
I revisited the CNBC Prechter interview from a few days ago and noticed all of the same embedded dates in the stock updates as were in the Cramer Code video. (by the way I did an indepth analysis of the Cramer Code in the last comments section for those interested). But all of these previous comments about no crash happening is giving me buzzkill. Don’t particularly feel like revealing the other dates.
Soooo many gaps to fill tomorrow. Everyone is waiting for Pomo to kick in. Big possibility to hurt the bulls tomorrow…
Hey… I like to get people excited! Crash sounds better then just a 50-100 point move down over the coming week. It’s just my writing style… LOL
😉
Red you and your crashes!!! hahahhahahhahahaha This is like the 12 one you called this year!! ROFL
Correction yes Crash no!
http://hotoptionbabe.com/blog/68-short-term-bear-here.html
Looks like the pattern being established is that people are playing the Fed purchase card, and today’s upward action at the very end (last 3 minutes) shows that people are catching on.
I bet it’s a BIG up day tomorrow, BUT, ending with a bigger selloff than today. Might be when we have a big dip. Then a huge upward headfake next week.
Gang…
Here’s the big problem with the move down we just had… NO Volume! For the day, the SPY just has 137 million shares traded, and it’s now 3:30pm. For a real sell off to happen, I’d like to see over 200 million shares traded on the day.
I think that the move down was just some late day profit taking. It could be reversed tomorrow? I don’t know for sure, but I wouldn’t be surprised to see it run back up in the afterhours/premarket session, and open up flat or higher tomorrow morning.
I still think the big move down will start Thursday afternoon, and Friday. But if you already took a short position, I’d just ride out any move up tomorrow, as I don’t believe it will last.
I don’t think it will be taken out firmly, but a quick stop sweep, and gap fill (for that 1153-1154 level) could happen on a 5 minute candle. Then a big reversal from there should happen.
If 1150 resistance is not taken out soon, we can see big correction.
Yep… looks really weak to me too San. I hope everyone that was looking to get short took a partial position today. We don’t know what tomorrow will bring?