Hi there – like your projection but I am think that since Sundancer's ritual dates are Tuesday and Wednesday, the bottom might actually come in when you mention on Wednesday, but then I imagine we rally from there back into June. Then sometime in the summer (maybe late June?) we reach the top and then plummet really hard. Just a thought.
Hello- about the Euro- Frank Barbera says that it's key. Greek unions will call a strike on Wed and march. We'll see what hot air is gathered to spike up the Euro causing rallies, Perhaps over the week end. Maybe this won't happen. Will they intervene to bolster the Euro?
also that “small” 12 pt rally on the spx near the close. I suppose this could qualify as a wave 2 up. ie doesn't have to go another 15 pts up.
They are due to march in the capital on Wednesday from 6 p.m. (1500 GMT), in a rally which will give indications about the public mood before the big walkout next week. Investors are closely watching public reaction to government wage and pension cuts amid concerns broader unrest could hit Prime Minister George Papandreou's resolve in pushing them through.
Hypothetical: Riots break out Wed and the markets short term find a bottom in another panic. they recoup for 24hrs or so and then tank again going into expiration, maybe down to the middle monthly BB area 970-990 spx
Diablos, can you tell if red containment moves lower or higher over time? I'm thinking that this 114.15 print you saw on Friday is actually a backtest of Red containment (to come Monday) before a major plunge. On Friday Red containment was at 114.37. Just wondering if it will have shifted by Monday to that lower level?
That's a very interesting fake print. It was outside of Friday's trading range entirely. So, either some one made a fat finger trade, or (if you believe that fake prints give direction), the next stop is the upper 1150's (SPY 116).
Red and others, find a very bearish Frank Barbera of FSO online radio program http://www.financialsense.com/ Frank B . starts in about 8 min into the program
Frank says if the Euro continues down Monday then its very bad for the S&P He does mention 970 on the S&P
also on this blog list is “the chart pattern trader” who is very good
This later guy sees a “wave 2” on the s&p to go a little higher “perhaps” (15 min chart) then wave 3 down. So may be a pop on monday the down??
Hi there – like your projection but I am think that since Sundancer's ritual dates are Tuesday and Wednesday, the bottom might actually come in when you mention on Wednesday, but then I imagine we rally from there back into June. Then sometime in the summer (maybe late June?) we reach the top and then plummet really hard. Just a thought.
Hello- about the Euro- Frank Barbera says that it's key. Greek unions will call a strike on Wed and march. We'll see what hot air is gathered to spike up the Euro causing rallies, Perhaps over the week end. Maybe this won't happen. Will they intervene to bolster the Euro?
also that “small” 12 pt rally on the spx near the close. I suppose this could qualify as a wave 2 up. ie doesn't have to go another 15 pts up.
From: http://www.safehaven.com/article/16804/euro-the…
They are due to march in the capital on Wednesday from 6 p.m. (1500 GMT), in a rally which will give indications about the public mood before the big walkout next week. Investors are closely watching public reaction to government wage and pension cuts amid concerns broader unrest could hit Prime Minister George Papandreou's resolve in pushing them through.
Hypothetical: Riots break out Wed and the markets short term find a bottom in another panic. they recoup for 24hrs or so and then tank again going into expiration, maybe down to the middle monthly BB area 970-990 spx
Diablos, can you tell if red containment moves lower or higher over time? I'm thinking that this 114.15 print you saw on Friday is actually a backtest of Red containment (to come Monday) before a major plunge. On Friday Red containment was at 114.37. Just wondering if it will have shifted by Monday to that lower level?
you mean a 6 pack here's the other side even better:
http://www.optionsblackboard.com/obb-live/my-ph…
That's a very interesting fake print. It was outside of Friday's trading range entirely. So, either some one made a fat finger trade, or (if you believe that fake prints give direction), the next stop is the upper 1150's (SPY 116).
Barbera mentions “970” at 20min 6sec
I think this is better. I'm listening now. let me know
you'll love it. I hope it happens (for my sake too)
http://www.financialsense.com/fsn/main.php
Frank is there about 11 min in to 20 min. he mentions 980 S&P at about 17-18 min.
That's funny… send me a 12-pack, would you?
Do you have a direct link to the audio? I can't find it on the site. Thanks
Red and others, find a very bearish Frank Barbera of FSO online radio program
http://www.financialsense.com/ Frank B . starts in about 8 min into the program
Frank says if the Euro continues down Monday then its very bad for the S&P
He does mention 970 on the S&P
also on this blog list is “the chart pattern trader” who is very good
This later guy sees a “wave 2” on the s&p to go a little higher “perhaps” (15 min chart) then wave 3 down. So may be a pop on monday the down??