Today is “the big day”, as far as that Wilshire fake print goes. I only guessed at what I thought might happen on the day, and I guessed wrong. I thought it was going to be a high (DIA 118.16), but it might end up being a low?
I do see a rally coming next week, so I will be closing out my short today. I may even go long a small position? Who knows? It depends on how low we go today. But regardless, I won't be short over the weekend.
We are banging on that 1071 level again… I wonder if we will get the rally to 1080 or not? It's looking pretty weak now. The dollar is holding it's ground too, and not selling off again like yesterday.
I know a short squeeze is coming soon Newbear… I just don't want to see it until next week. Let's get the big sell off today, and get out with a nice profit. Let the dumb bears go short over the weekend, and the smart bears get out today.
Well gang,
Today is “the big day”, as far as that Wilshire fake print goes. I only guessed at what I thought might happen on the day, and I guessed wrong. I thought it was going to be a high (DIA 118.16), but it might end up being a low?
I do see a rally coming next week, so I will be closing out my short today. I may even go long a small position? Who knows? It depends on how low we go today. But regardless, I won't be short over the weekend.
I'd close out my shorts and go long. We are not going to break 1070 plus we are getting huge divergence with the RUT being positive
Anyone want to explain to me how the RUT is actually up on the day?
I agree with a rally next week… especially if we sell off hard today.
jawizz sees big rally monday tues
“Next weeks power index will show a huge uptick for Mon & Tuesday
and concurs with an energy boost.”
We are banging on that 1071 level again… I wonder if we will get the rally to 1080 or not? It's looking pretty weak now. The dollar is holding it's ground too, and not selling off again like yesterday.
San, do have a chart of the euro/dollar?
FALLING WEDGE OF S&P 500
http://niftychartsandpatterns.blogspot.com/2010…
SP 500 Hour chart analysis
http://niftychartsandpatterns.blogspot.com/2010…
Divergence on TRIN this whole move up. Price going up and so it TRIN. We should head lower soon.
I know a short squeeze is coming soon Newbear… I just don't want to see it until next week. Let's get the big sell off today, and get out with a nice profit. Let the dumb bears go short over the weekend, and the smart bears get out today.