As soon as we cross 135 on GS (and I believe we will today) , I think the market will come barreling down.
lucky dog – wish I could do the same.
Leo falling wedge was spotted on the 6th here it is
http://niftychartsandpatterns.blogspot.com/2010…
I have do or die time..
http://screencast.com/t/YmM5MmIzZT
Look at this 60 minute chart…
http://stockcharts.com/def/servlet/Favorites.CS…
We have been in this falling channel from the top in April. We just hit the top of the trendline. If it breaks out… we are fracked! If it stays in it, like I believe it will, the bulls will be fracked!
I just added 10% to my short positions.
I THINK WE GOT THE VIX GAP FILL!
Yeah Monica…
This is one HUGE Bear squeeze! It should take out 99% of the bears… with only us die hards left.
don't worry red – we are almost at that gap fill and GS looking sick.
That chart now looks like a falling wedge with a breakout to the upside occurring now. I didn't spot that yesterday… bummer.
Odds do favor the breakout failing, and the market reversing back down again… but when is the question?
As soon as we cross 135 on GS (and I believe we will today) , I think the market will come barreling down.
lucky dog – wish I could do the same.
Leo falling wedge was spotted on the 6th here it is
http://niftychartsandpatterns.blogspot.com/2010…
I have do or die time..
http://screencast.com/t/YmM5MmIzZT
Look at this 60 minute chart…
http://stockcharts.com/def/servlet/Favorites.CS…
We have been in this falling channel from the top in April. We just hit the top of the trendline. If it breaks out… we are fracked! If it stays in it, like I believe it will, the bulls will be fracked!
I just added 10% to my short positions.
I THINK WE GOT THE VIX GAP FILL!
Yeah Monica…
This is one HUGE Bear squeeze! It should take out 99% of the bears… with only us die hards left.
don't worry red – we are almost at that gap fill and GS looking sick.
That chart now looks like a falling wedge with a breakout to the upside occurring now. I didn't spot that yesterday… bummer.
Odds do favor the breakout failing, and the market reversing back down again… but when is the question?