Good morning all – anxious to see whether we backtest that red containment this morning at 114.37 although one of you (can't remember who) saw a fake print last week a little lower (114.15) so maybe we hit there instead if containment has shifted? Anyway, hope everyone had a good weekend.
As much as this market is controlled, I don't always trust the technical analysis I do… like the one on my weekend update. Everything tells me that there is more selling coming, with Monday being the most likely up day, and the rest of the week looking ugly. But, I've only studied TA for the last year or so now, and I'm not an expect by a long shot!
Have you found the prints to be equal to what that week actually did? If so, then we are looking at a sideways week, with no downside movement. If they haven't been actual, it would make me feel a little better… especially since I'm still very short.
Man trade triggers suck – I got a horrible execution.
Just bought more puts. Let's see what happens.
Carl’s morning call:
June S&P E-mini Futures: I think that last week's low at 1056 ended the correction from 1216. Today's range estimate is 1125-45.
1120.25- 1140 range last night (19.75 points)
1125-1145 estimate for today (20 points)
1138 currently, so estimate is -13 to +7 from here (bearish)
Sundancer, if you are here, do you think your ritual dates of tomorrow and Wednesday, signify an interim bottom?
Good morning all – anxious to see whether we backtest that red containment this morning at 114.37 although one of you (can't remember who) saw a fake print last week a little lower (114.15) so maybe we hit there instead if containment has shifted? Anyway, hope everyone had a good weekend.
Good eyes red and thanks Sundancer. I was worried it was the weekly as well. Looking forward to seeing how the week plays out.
Breathing easier now… thanks.
As much as this market is controlled, I don't always trust the technical analysis I do… like the one on my weekend update. Everything tells me that there is more selling coming, with Monday being the most likely up day, and the rest of the week looking ugly. But, I've only studied TA for the last year or so now, and I'm not an expect by a long shot!
So, I listen to what “they” want to tell me too…
The candle that you are seeing in my chart is a daily candle replica stuck on a weekly chart.
Breathe easy!!!!!!!!!
When the operators release “important scripts” I'll take some sreenshots
The $DJI 10k tick was taken on the first SUNday in April
http://www.flickr.com/photos/47091634@N04/44900…
Have you found the prints to be equal to what that week actually did? If so, then we are looking at a sideways week, with no downside movement. If they haven't been actual, it would make me feel a little better… especially since I'm still very short.
Very good eyes Red,
On SUNdays the operators screw around with the data feeds so that is why you're seeing an extra candle in my chart
This SUNday they didn't release any exciting previews
Usually the First SUNday of the month they give out some good previews for the month
I think it was the first SUNday in April when they released the script for the $DJI 10K tick