This is the perfect example day, as to why technical analysis doesn't always work. We had every chart pointing to a down day today, and we gap up? WTF?
I sure hope this squeezes out all the bears, so we can finally go back down!
Interesting point about jobs numbers. Out of 3.2 million college graduates in may over 80% are jobless. But the majority of them do not qualify for unemployment so are not yet counted in the official stats.
Believe it or not guys it's looking good – we are getting closer to that VIX fill and GS is getting near it's support level of 135 (down today – imagine that)!
Won't make it. VIX is about to get that gap fill.
This is the perfect example day, as to why technical analysis doesn't always work. We had every chart pointing to a down day today, and we gap up? WTF?
I sure hope this squeezes out all the bears, so we can finally go back down!
Interesting point about jobs numbers.
Out of 3.2 million college graduates in may over 80% are jobless. But the majority of them do not qualify for unemployment so are not yet counted in the official stats.
Dow jones trying to reverse the trend
http://niftychartsandpatterns.blogspot.com/2010…
Thats right they are bulls are trying hard. Have a look at this.
http://niftychartsandpatterns.blogspot.com/2010…
Watch the VIX and watch GS.
Shows the weakness of teh analysis.
Not one chart last night pointed to this kind of strength.
Question is is it add time??
Iwill wait till next week I think
Believe it or not guys it's looking good – we are getting closer to that VIX fill and GS is getting near it's support level of 135 (down today – imagine that)!
yep, still at 30.84 on the vix. need to go down to 29.70
LOL Monica…
Yes, even suckers make money for awhile. I guess we are the suckers right now.