I don't know how accurate he is either (we all get it wrong a lot), as he kept calling for a 47 point drop, and then a 57 point, during the opx week for June.
Of course it never happened, as they almost always squeeze out the short during ever opx week, and pin the spy where all the puts expire worthless.
But, maybe he's right on this call? Who's knows? I've had many bad calls too.
This puppy is weak. It looks like it's going to break to new lows soon. Don't listen to the Jaywiz group today. They are wrong. I can see a low early tomorrow morning but it depends how hard we sell off into the close. The June 1930 fractal calls for a drop to the 1040 level but the wave count calls for a bigger drop. Well Armed (Anthony Allyn) has speedline support at 1015. SP might want to head for the Nov 2009 support area (SP 10-29 LOL) and slightly penetrate it before a bounce (which would be a 1 day affair)
I doubt it too Al, it's just a print to put in your storage folder. Once the selling is done, and the rally starts… then you can pull it out and use it.
I got it Hackswell… thanks.
Here's Citigroup's print of $3.87
http://reddragonleo.com/wp-content/uploads/2010…
Can you post it for me?
Russell 2000 has already made a new intra-day low
I just saw what I think is a fake print on C. June 29, 13:04. $3.317. A real FP, or a fat finger on the market?
I don't know how accurate he is either (we all get it wrong a lot), as he kept calling for a 47 point drop, and then a 57 point, during the opx week for June.
Of course it never happened, as they almost always squeeze out the short during ever opx week, and pin the spy where all the puts expire worthless.
But, maybe he's right on this call? Who's knows? I've had many bad calls too.
This is the 5th time we have hit now. I doubt it holds during the last hour of the day.
A break of 1040 will be very serious
Fund managers will bail on that IMO
This puppy is weak. It looks like it's going to break to new lows soon.
Don't listen to the Jaywiz group today. They are wrong. I can see a low early tomorrow morning but it depends how hard we sell off into the close. The June 1930 fractal calls for a drop to the 1040 level but the wave count calls for a bigger drop. Well Armed (Anthony Allyn) has speedline support at 1015. SP might want to head for the Nov 2009 support area (SP 10-29 LOL) and slightly penetrate it before a bounce (which would be a 1 day affair)
thanks!
I doubt it too Al, it's just a print to put in your storage folder. Once the selling is done, and the rally starts… then you can pull it out and use it.