Oh… ok. I thought is was some group of traders or something that was going long, while everyone else is going short. One more move down I believe, and then a rally.
We are real close to a bottom now. That 100.72 spy print at minimum should be hit… more likely though, is that we pierce 1000 spx, and go to 990-995 area.
That would have every bear in the world going short. Then a big squeeze back up to that 1070.50 spx fake print for starters. Then possibly the other fake print of 112.41 spy? Not sure on that one but a squeeze into opx could go that high?
Hard to say, but at least the 1070.50 print should be hit… after another move down first of course.
CVX is my losing trade….LOSER!!! Trying to find reasons to hold on to this Sinking Oil tanker! The Captain's drunk…Looks like the Regulations debate, is taking its toll on CVX too!
Exactly what I'm thinking too Newbear… Remember, I got an intraday fake print on Monday of 1070.50 spx… which is where I expect this Friday to close at (assuming the government manipulates the jobs data as usually).
Then I have a daily fake print of 112.41 spy… which could be the next high before another drop? Hard too say, but a rally is near… I can feel it now. I'm out of all shorts now, and will wait to reload again later.
The jobs data is easy for the government to fake, so if they want a relief rally, then those numbers will be good… and a rally into the 4th of July weekend will happen.
Oh… ok. I thought is was some group of traders or something that was going long, while everyone else is going short. One more move down I believe, and then a rally.
We are real close to a bottom now. That 100.72 spy print at minimum should be hit… more likely though, is that we pierce 1000 spx, and go to 990-995 area.
That would have every bear in the world going short. Then a big squeeze back up to that 1070.50 spx fake print for starters. Then possibly the other fake print of 112.41 spy? Not sure on that one but a squeeze into opx could go that high?
Hard to say, but at least the 1070.50 print should be hit… after another move down first of course.
CVX is my losing trade….LOSER!!! Trying to find reasons to hold on to this Sinking Oil tanker! The Captain's drunk…Looks like the Regulations debate, is taking its toll on CVX too!
A lot of people I know who don't trade the markets are getting bearish so that's a sign.
Hi Jim,
I'll keep the $58 in mind, that's for certain.
Exactly what I'm thinking too Newbear… Remember, I got an intraday fake print on Monday of 1070.50 spx… which is where I expect this Friday to close at (assuming the government manipulates the jobs data as usually).
Then I have a daily fake print of 112.41 spy… which could be the next high before another drop? Hard too say, but a rally is near… I can feel it now. I'm out of all shorts now, and will wait to reload again later.
Red, did you see Atilla's new post : http://www.xtrenders.com/2010/06/50-200-dma-cro…
Agree, I think the re-shorting starts back again, DOW near 10,000
Who is CVX?
The jobs data is easy for the government to fake, so if they want a relief rally, then those numbers will be good… and a rally into the 4th of July weekend will happen.