Oh that was fun. If it is any consolation, last time they put the financial short sale rule into play, the market crashed. Tomorrow they will start to implement the breaker rule but only in some stocks.
This is what Atilla said 20hrs ago after the late day drop yest Wed.
“It appears to be todays intraday bounce affected the intermediate term structure, SPX 1000 area will not hold anymore, the first low will come from much lower levels
this level will be clear as we proceed” (Edited by author 20 hours ago)
Oh that was fun. If it is any consolation, last time they put the financial short sale rule into play, the market crashed. Tomorrow they will start to implement the breaker rule but only in some stocks.
people are wondering…..”Where's Atilla”
What do you mean?
“right side of the A tomorrow”???
If there is any good news to report today… it's that all the bears are now out of the market! Let the bulls decide where to take it tomorrow….
Looks that way! Anything can and will happen in the short term.
Looking at the 60 minute chart right now, we have form a MA pattern with today's high.
http://stockcharts.com/def/servlet/Favorites.CS…
It's a very bearish pattern, and should start to form the right side of the “A” tomorrow.
This is what Atilla said 20hrs ago after the late day drop yest Wed.
“It appears to be todays intraday bounce affected the intermediate term structure,
SPX 1000 area will not hold anymore, the first low will come from much lower levels
this level will be clear as we proceed”
(Edited by author 20 hours ago)
What do you mean by this statement? ???
Remember, the key to TA is to use the indicators 180 degrees out of whack with how they were intended.
What do you mean by this statement? ???
Remember, the key to TA is to use the indicators 180 degrees out of whack with how they were intended.
Do not know about a big down. It is impossible to predict. All you can do is follow the money.