I will close out some of my shorts before the close today, and let the rest ride into Monday. I'm not sure what will happen, as we could gap down first and then rally up to work off the oversold conditions.
Or, we could gap up and then sell off again? I'm leaning more toward a gap down, and then a squeeze… with more selling into the rest of the day. That's why I'm going to keep about 80% of my shorts over the weekend.
Monday should be a big rally, sort of makes sense if we hit old lows.
I rising wedge on Dow says 9800, so I am cleaning house there.
Bull flags on ETFs say we are close to top.
I will close out some of my shorts before the close today, and let the rest ride into Monday. I'm not sure what will happen, as we could gap down first and then rally up to work off the oversold conditions.
Or, we could gap up and then sell off again? I'm leaning more toward a gap down, and then a squeeze… with more selling into the rest of the day. That's why I'm going to keep about 80% of my shorts over the weekend.
Could finish first thing Monday.
Last half hour should rock. I think Dow 9800.
Maybe Iam wrong. That pause made me wonder if bulls found balls. But it may have been a steer. Please forgive Wyoming humor.
Bought chinese 2nite from the Red Dragon rest. 🙂
I don't thinks it's going to rally much Jim… more like “hold” the current support level.
Had SDS which was a bit poky. Going heavy on SPXU for next leg, and some AAPL puts if I can get a good price.
VXX could be great, I think it could go to 90.
I do not see how they can rally this but it sure looks like they are going to try the last 30 minutes
That's great Steveo….
Smart move.