Just remember that I have 2 more upside casper's that will eventually get filled. One a 112.41 spy, and the highest one a 118.16 dia. So a B.S. rally could still happen… when is the question I can't answer?
The charts are hard to read. My view is that they showed negative divergences most of this week and that we ought to go down again.
The acid test for me is closing two days over the 50dma before I take my whipping, and then two weeks over the 50wma before I am a bull. I am having trouble being a bull with the economy on its ass and the only reason to invest being runaway inflation:
I looked in the premarket yesterday, and the afterhours too. I couldn't find any candle that closed/hit a high/or hit a low at 107.12 on the spy. Meaning… should we start selling today, that's our target. If not today, then maybe Monday or some other time next week.
then you can understand why I am frozen like the polar bear !! I am looking at the vix, it will not break, if it does I will have to give the bulls credit, and get out for now; I will not go long.
Because we are supposedly still in a technical bull market, it would make sense to stage one last bull rally and fail it. I just don't have the stomach for buying stocks based on BB's promise to run the printing press forever. I'm staying basically short until the bull is confirmed.
Did some news just come out? Nice spike up.
Red, YGM
I tend to agree, retail is still too bearish.
Bear trap coming up folks.
They have to break 1100. And they will.
Seeing as how the market is 100% BS, I am open to ideas!
I am still hoping for a lower low before we go up, maybe 980. Playing it carefully, though.
Rip,
Just remember that I have 2 more upside casper's that will eventually get filled. One a 112.41 spy, and the highest one a 118.16 dia. So a B.S. rally could still happen… when is the question I can't answer?
The charts are hard to read. My view is that they showed negative divergences most of this week and that we ought to go down again.
The acid test for me is closing two days over the 50dma before I take my whipping, and then two weeks over the 50wma before I am a bull. I am having trouble being a bull with the economy on its ass and the only reason to invest being runaway inflation:
http://www.bullandbearwise.com/IndexHistoryChar…
Well guys…
If it makes you feel any better, I'm pretty sure this is another casper
http://reddragonleo.com/wp-content/uploads/2010…
I looked in the premarket yesterday, and the afterhours too. I couldn't find any candle that closed/hit a high/or hit a low at 107.12 on the spy. Meaning… should we start selling today, that's our target. If not today, then maybe Monday or some other time next week.
then you can understand why I am frozen like the polar bear !! I am looking at the vix, it will not break, if it does I will have to give the bulls credit, and get out for now; I will not go long.
Because we are supposedly still in a technical bull market, it would make sense to stage one last bull rally and fail it. I just don't have the stomach for buying stocks based on BB's promise to run the printing press forever. I'm staying basically short until the bull is confirmed.
Show me the fake money, Ben!