LOL… I bet it's beautiful up there in Wyoming. I'd love to travel to the states that have some much nature in them. Florida is great, but the lack of seasons to enjoy is something I miss sometimes (I'm from West Virginia, but have been in Jacksonville since 1989).
you shouldn't be buying any stock here, we are bear market. You should be selling the rips or buying shorts on rips. The weekly has a huge topping tail and indicators are rolling over. Beware.
That chart still looks bearish too me Z… Maybe it will bounce at the 50% Fib. level, or maybe it will continue falling? All the indicators on that charts are rolling over and pointing down. You got more guts then I do… Good Luck.
i agree, these are normal fib retracements of the larger move to 1100. i wish leo would explain the significance of 106.66.
I went long today. Why?
SPY corrected about 40% price-wise, but 37.5% time-wise. That's really close to a fib. 38.2% retrace.
IYR corrected about 50% price-wise and time-wise.
IWM corrected 61.4%, very close to another fib. level.
I think we just saw a wave 2 correction of a wave one off the $SPX low near 1010. The fib. levels really look compelling here.
yep late fill 🙂
LOL… I bet it's beautiful up there in Wyoming. I'd love to travel to the states that have some much nature in them. Florida is great, but the lack of seasons to enjoy is something I miss sometimes (I'm from West Virginia, but have been in Jacksonville since 1989).
In Wyoming we call bulls that lost their gonads steers.
That's what happens when you buy on market orders after hours..
A few million here, a few million there, what the hey. Probably GS closed the deals for them, and charged a fee on top of it!
you shouldn't be buying any stock here, we are bear market. You should be selling the rips or buying shorts on rips. The weekly has a huge topping tail and indicators are rolling over. Beware.
That chart still looks bearish too me Z… Maybe it will bounce at the 50% Fib. level, or maybe it will continue falling? All the indicators on that charts are rolling over and pointing down. You got more guts then I do… Good Luck.
LONG RTH
http://zstock7.com/wp-content/uploads/2010/07/r…
Based on looking at the pre-market high prints, I'd say that it's not a FP, but instead just a late fill. Big institutions probably.