yes, diablos' also has a line around there but one at 102.63 as well and I don't actually know which one provides support (maybe ask him). Anyway, I will be curious to see if we hit those fake prints today or maybe on the way back up?
I did see a fake print to 1072.00 last night, but I seriously doubt that we will even get close it for awhile. Maybe 1050.00, but that's about it. The bulls are trapped and want out. The market won't let them.
Before the end of the week I expect the 20 MA on the Monthly chart to be hit. Currently it's around 988 spx. I did get short this morning, although I was I would have done that yesterday.
But, this isn't “The Big One”, as that won't happen until later this year. When? Unknown right now, but I'll be more prepare for it when it finally does arrive.
i have no idea big bad. all i can tell is that the next level of support from diablos and suns charts looks like around 102.63 or even slightly lower. whether it gets there today is anyone's guess but i would not be surprised if it did.
yes, diablos' also has a line around there but one at 102.63 as well and I don't actually know which one provides support (maybe ask him). Anyway, I will be curious to see if we hit those fake prints today or maybe on the way back up?
Gang,
I did see a fake print to 1072.00 last night, but I seriously doubt that we will even get close it for awhile. Maybe 1050.00, but that's about it. The bulls are trapped and want out. The market won't let them.
Before the end of the week I expect the 20 MA on the Monthly chart to be hit. Currently it's around 988 spx. I did get short this morning, although I was I would have done that yesterday.
But, this isn't “The Big One”, as that won't happen until later this year. When? Unknown right now, but I'll be more prepare for it when it finally does arrive.
So for now, it's just a waiting game…
Some morning prints: http://screencast.com/t/NDNiMzc4
I was trying to setup suns charts and with what info there was I have next stop at 101.85…but I dont know if that is right…
i am not worried. just needs a bunch of bulls to jump on before it can tank.
wrestling with S3 105.30 and not doing very well
i have no idea big bad. all i can tell is that the next level of support from diablos and suns charts looks like around 102.63 or even slightly lower. whether it gets there today is anyone's guess but i would not be surprised if it did.
mornin…whats your guess for today…all charts are back in line and macds are pointing down…maybe 103.50
i believe the next stop is diablos' 102.63 area or so. i will sell my puts in the 990s.
good morning all and a good morning it is!