Red, earlier today when you said you were hoping for a gap opening tomorrow, I thought that was akin to betting that the next woman to walk into a room would have a mustache; possible, perhaps, but unlikely.
You may be onto something, however. Stocks advanced very little today for the decline in VIX that we had, perhaps indicating some noise in the averages.
I'm just plotting 'Simple Moving Averages'. I've indicated the length next to each average so the dark green at the bottom of the chart is 400 SMA. I'm sure your Ameritrade software can do this.
timber, lookout below…Europe beaten down, SPY pre-market @ 104.94
http://www.screencast.com/t/ZDkxNzliM
sorry it took me so long to get back 🙂
Well just so you know… I sold SSO at 35.25 yesterday.
Didn't like the way it was free falling and Red's valid reasons for a free fall coming.
I'm in wait and see mode.
two words.. bear flag
Red, earlier today when you said you were hoping for a gap opening tomorrow, I thought that was akin to betting that the next woman to walk into a room would have a mustache; possible, perhaps, but unlikely.
You may be onto something, however. Stocks advanced very little today for the decline in VIX that we had, perhaps indicating some noise in the averages.
give me about 5 minutes and I think you'll like this
I have an EW count that you need to see
look forward to seeing you… and yah… with our little brother missing 🙁
Well, I see about that tomorrow night. How's that… Kinda of a family in there isn't it.
Hi,
I'm just plotting 'Simple Moving Averages'. I've indicated the length next to each average so the dark green at the bottom of the chart is 400 SMA. I'm sure your Ameritrade software can do this.
Hope it helps.