No, I'm saying that they are tricking the sheep into going long. There aren't many more shorts left in the market after today. Many of them had stops at 1111-1114 area… which were just taken out today.
Now, all the bulls are long now, as they see a clean breakout of the 1100-1105 resistance zone. The trick well be when they reverse it back down and don't let them out of their longs… meaning NO bounces when falling.
At what point they turn it is unknown. It could turn right here, just shy of the 1120 (50 day EMA) level, or at 1130-1135, just shy of the 1140-1150 right shoulder level.
One way or another, they will trick both the bulls and bears by not hitting a predicted level, or going through it by 5-10 points.
Some news event will be realize to cause the panic sell off. What, and when? I don't know. Maybe over the weekend? Or maybe this week, but something will be blamed for the coming sell off.
It could be another debt crisis from one more of the PIIGS countries, or a false flag event. I hope it's only a defaulting country, and not another staged event that kills people. But, you never know what these crooks are planning…
No, I'm saying that they are tricking the sheep into going long. There aren't many more shorts left in the market after today. Many of them had stops at 1111-1114 area… which were just taken out today.
Now, all the bulls are long now, as they see a clean breakout of the 1100-1105 resistance zone. The trick well be when they reverse it back down and don't let them out of their longs… meaning NO bounces when falling.
At what point they turn it is unknown. It could turn right here, just shy of the 1120 (50 day EMA) level, or at 1130-1135, just shy of the 1140-1150 right shoulder level.
One way or another, they will trick both the bulls and bears by not hitting a predicted level, or going through it by 5-10 points.
Some news event will be realize to cause the panic sell off. What, and when? I don't know. Maybe over the weekend? Or maybe this week, but something will be blamed for the coming sell off.
It could be another debt crisis from one more of the PIIGS countries, or a false flag event. I hope it's only a defaulting country, and not another staged event that kills people. But, you never know what these crooks are planning…
Yes Newbear… the bears are almost extinct now. Just call me a rare albino bear, that been shot at, and hit many times now.
Are you saying they are tricking sheep into shorting?
Bears must be part of an extinct or about to be extinct species.
23.40-23.60
Good luck with that… bears are becoming quite rare now.
Bought TZA July 7 calls – god help me !!
Wow… what a huge ramp job. That just killed a few more bears I'm sure.
Now the ship caught fire, BP spill. Unreal!
http://www.businessweek.com/news/2010-06-15/bp-…
Yes, I thought that was funny as hell. All the rest of them should be on parole, as they all deserve jail time.