This guy is dead on accurate on “computer's doing the trading”. Everything is planned and executed on a preset timeline. Our job is to figure out the plan, and profit from it.
I have been looking for some directional signals and I just realized that from the April23 high in S&P to the infamousMay6 tail bottom the S&P close today is just below the fib 61.8% retrace. the high tail exceeded that.
GS has only retraced about 8% from the same drop while xlf upper shadow hit the 61.8% Fib.
Today's action on spy closing below yesterday close but the high was above yesterday's high seems to follow many of the bearish signals on the various oscillators but the vix never turned.
Tomorrow would normally be a tell day but moving towards opex i am not sure what it will tell.
GS isn't looking to healthy too me. It fact, I'd say GS is quite sick now… maybe even have Swine Flu, or something? They must have go the vaccinations mixed up, and took the one that they meant to give too us sheep.
This guy is dead on accurate on “computer's doing the trading”. Everything is planned and executed on a preset timeline. Our job is to figure out the plan, and profit from it.
interesting article. This guy would love the blog!
I have been looking for some directional signals and I just realized that from the April23 high in S&P to the infamousMay6 tail bottom the S&P close today is just below the fib 61.8% retrace. the high tail exceeded that.
GS has only retraced about 8% from the same drop while xlf upper shadow hit the 61.8% Fib.
Certainly GS is very sick
love your commentary Red! keep it up my friend. check this out. I couldn't agree more. what r ur thots?
http://ibankcoin.com/scott_bleier/2010/05/11/st…
Today's action on spy closing below yesterday close but the high was above yesterday's high seems to follow many of the bearish signals on the various oscillators but the vix never turned.
Tomorrow would normally be a tell day but moving towards opex i am not sure what it will tell.
k -thank you.
acceleration to the downside
weekly containment is below
@ mid 120's
@ 107-110
GS isn't looking to healthy too me. It fact, I'd say GS is quite sick now… maybe even have Swine Flu, or something? They must have go the vaccinations mixed up, and took the one that they meant to give too us sheep.
and what if GS gets below 135?
GS Daily Containment
http://www.flickr.com/photos/47091634@N04/45996…
Green is it's last daily containment pt.