I am short via a small DRV position over the weekend, Red.
DRN did not take out the high that it set yesterday on a day when it really really should have. Therefore, I consider today's low a wave 1 down and the rest of the day as a wave 2 retrace. I'm sticking with it until the market proves me wrong.
I am short via a small DRV position over the weekend, Red.
DRN did not take out the high that it set yesterday on a day when it really really should have. Therefore, I consider today's low a wave 1 down and the rest of the day as a wave 2 retrace. I'm sticking with it until the market proves me wrong.
Possible EW Count… Still alive…
http://screencast.com/t/N2ZiY2FmY2Yt
Its not manipulation at all….yea right! All 3 major indices closing with same gain on the day. Tell me how often that happens:
Dow Jones
10,150.65 +164.84 (1.65%)
S&P 500
1,064.59 +17.37 (1.66%)
Nasdaq
2,153.63 +34.94 (1.65%)
almost 30 point ES rally. Are you effen kidding me.
I think Monday will be another UP day, but not like today was…
Guess everyone is holding into the weekend. No selling whatsoever. Do the big guys know something coming out this weekend?
Today was clearly a day of manipulation. The charts showed that the market was ready to roll back over again, but the free money ignored them.
The most we've been able to down tick all day is 2-3 ES points at best. Even every small dip is being bought hard by the bots.
I see a 106.20 FP, so that's likely where we will close today.
Weiss group isn't so “wise” in my opinion.