I feel your pain rip. I plan to cover my shorts at the close today and maybe reshort at the close tomorrow. I think we will get a down day today but then will bounce.
The Obama administration is as breathless as schoolgirls over the upcoming Friday jobs report. 500-600k new jobs, 75-80% of which are census workers. My only question is, will this news be received by smart Wall Street or dumb Wall Street (which is in fact also smart Wall Street)? Sometimes I get so lost in doublethink that I lose track.
Boy, do I wish I'd cashed in my puts yesterday morning as instinct prompted me. Now that we've pushed slightly beyond the teal line, will the next correction be just a correction followed by more sigmoidoscopy, or The Big One? That's the last time I ever listen to you a-holes. 😉 (j/k)
Spent a few minutes this morning looking at May and June charts and http://spiraldates.com. As far as I can tell, between now and Monday, the market will be up or down a little or a lot, after which it will be down or up a little or a lot. The turning point will be Friday or Monday, or possibly yesterday or today. Hope this helps. 🙂
Also see chartpatterntrader:
http://stockcharts.com/def/servlet/Favorites.CS…
For now, my target is the 40ema on SSO and FAS (40ema SPY).
It is more then the 20 and less then the 50 (which most people watch).
I feel your pain rip. I plan to cover my shorts at the close today and maybe reshort at the close tomorrow. I think we will get a down day today but then will bounce.
The Obama administration is as breathless as schoolgirls over the upcoming Friday jobs report. 500-600k new jobs, 75-80% of which are census workers. My only question is, will this news be received by smart Wall Street or dumb Wall Street (which is in fact also smart Wall Street)? Sometimes I get so lost in doublethink that I lose track.
Boy, do I wish I'd cashed in my puts yesterday morning as instinct prompted me. Now that we've pushed slightly beyond the teal line, will the next correction be just a correction followed by more sigmoidoscopy, or The Big One? That's the last time I ever listen to you a-holes. 😉 (j/k)
Spent a few minutes this morning looking at May and June charts and http://spiraldates.com. As far as I can tell, between now and Monday, the market will be up or down a little or a lot, after which it will be down or up a little or a lot. The turning point will be Friday or Monday, or possibly yesterday or today. Hope this helps. 🙂
I found stockcharts. I can't find the symbol of the emini s&P
good post. A different perspective that I've havn't seen yet. How do I get set up to get that info?
Green shoots!!
Simple. elegant. yet robust. It is the AK47 of trading system.
If you look at the 60min charts, the bullish divergence was glaring:
MACD Hist, Force Index, even a 130period money flow.
http://crashthemachine.files.wordpress.com/2010…
SP 500 Analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010…