Statistically, based on data going back 15 years, the May 6 plunge pattern + the May 10 blast off, we are looking at >95% chance of retest of the April highs with no prior retest of the May 6 low. Very bad odds for the bears.
I bought back some stocks on May 7. Lucky break. Sold them on May 3. I would claim to be a genius had I not close out my shorts on May 4….. *bang head on desk*
I posted this yesterday We're going to back test max contain (teal line) on the 60 in the not too distant future We can either go sideways for another day & test it or dump 30 pts. & back test it in the 1150 area
ok…to tease you all I am off to the pool for some stress relief…sunny and almost in the 80's….
be back later
Thanks… good job.
http://s766.photobucket.com/albums/xx304/bigbad…
one I saw earlier…
Well, I had car problem… so that's why I'm upset. I'm still short, but I still like to vent a little sometimes. LOL
Statistically, based on data going back 15 years, the May 6 plunge pattern + the May 10 blast off, we are looking at >95% chance of retest of the April highs with no prior retest of the May 6 low. Very bad odds for the bears.
I bought back some stocks on May 7. Lucky break. Sold them on May 3. I would claim to be a genius had I not close out my shorts on May 4….. *bang head on desk*
I posted this yesterday
We're going to back test max contain (teal line) on the 60 in the not too distant future
We can either go sideways for another day & test it or dump 30 pts. & back test it in the 1150 area
Why is everyone panicking?
http://www.flickr.com/photos/47091634@N04/46022…
People are puking up their positions, throwing their charts away, calling for things to go to the moon without knowing the dance.
I've had a wonderful day out in the Sun, it looks like everybody else is literally about ready to puke.
Not a chance!
Nice fake print just showed up at 115.86 spy. Could? Just Maybe? …give the bears some hope?
The bulls sure can run the market on what i think is pretty low volume.
Are we headed up the old grind up? I was hoping not? but going into Opex with a start like this could be a shorts frustration.
Action in oil is a divergence though.