What i find really annoying is that the market seems to like to hit the higher fake prints with more frequency lately. It would be nice to see that change.
We some fake prints at 115.86 from yesterday in the afterhours, and also some at 111.30 from Mondays' afterhours. Of course that doesn't always mean they will play out, but let's remain hopeful.
On the technical analysis side of things, there is the gap fill from yesterday morning, which is 115.20, and of course the big gap fill from Monday morning at 111.50 (spy).
Lot's of targets below that really need attention given too them…
You are absolutely right, We need to follow the players or manipulators, whatever you want to call them.
But I have been in this situation before in the 2000 crash with tech and saved myself by simple dumb luck. I awakened one morning and said to myself I have made too much money and its going to stop. Sold out and 5 days later it crashed
Point now is the probability of making big money in the markets for these players has moved from long to short. If the market moves to 11800 or 1250 on sp you make x.
If market goes to 9300 or less what do you make and what are the odds going either way?
If they decide to take the market down it places you in the difficult position of chasing it down. Like last Thursday. What if the market did not rebound. Had you not had your shorts in place you would have missed it completely.
Any how today is going to be interesting. i think its going to end up again through opex not because of the technical s but manipulation as has been pointed out above.
What i find really annoying is that the market seems to like to hit the higher fake prints with more frequency lately. It would be nice to see that change.
Pretty big gap down on open w/ oil.
I think its setting up for a run back over $80.
I was speaking of the initial sell-off. Looks like it's not going to be that easy.
keep in mind that oil is still down.
I must be missing something. looks like they are pushing hard to get above 50 s
We some fake prints at 115.86 from yesterday in the afterhours, and also some at 111.30 from Mondays' afterhours. Of course that doesn't always mean they will play out, but let's remain hopeful.
On the technical analysis side of things, there is the gap fill from yesterday morning, which is 115.20, and of course the big gap fill from Monday morning at 111.50 (spy).
Lot's of targets below that really need attention given too them…
This is way cool. What's our initial target? 1134?
Just bought my insurance as I mentioned earlier, very, very cheap calls. The money will be peanuts compared to my gains if we go south.
Going to set my text alerts and do something else today, I hope. I just love watching the action.
Join the barge Red!
Bob,
You are absolutely right, We need to follow the players or manipulators, whatever you want to call them.
But I have been in this situation before in the 2000 crash with tech and saved myself by simple dumb luck. I awakened one morning and said to myself I have made too much money and its going to stop. Sold out and 5 days later it crashed
Point now is the probability of making big money in the markets for these players has moved from long to short. If the market moves to 11800 or 1250 on sp you make x.
If market goes to 9300 or less what do you make and what are the odds going either way?
If they decide to take the market down it places you in the difficult position of chasing it down. Like last Thursday. What if the market did not rebound. Had you not had your shorts in place you would have missed it completely.
Any how today is going to be interesting. i think its going to end up again through opex not because of the technical s but manipulation as has been pointed out above.