Yes in deed… we made new high. This is the ritual turn date that Sundancer mentioned. So we should expect this date to be the high. It's just a bear shake out Monica. I'm staying short.
Yeah, I suspect the day will be flat to slightly down. I just seen a fake print to 115.50 on the 10 minute chart, so maybe that's where we close the day at?
While the market continues to climb, a perfect end to this rally is to put in an intraday high of 116.66 spy… which by the way, we are almost there now.
Yes in deed… we made new high. This is the ritual turn date that Sundancer mentioned. So we should expect this date to be the high. It's just a bear shake out Monica. I'm staying short.
116.80 hit. Let's see what happens now.
Just made it through 116.66 – next stop 116.80.
Well, I'm working tomorrow, so I won't be watching… lets' hope it boils then.
you notice how a watched pot never boils? Maybe we should all go for a walk!
Yeah, I suspect the day will be flat to slightly down. I just seen a fake print to 115.50 on the 10 minute chart, so maybe that's where we close the day at?
Pretty half-assed rally so far: low volume, mediocre money flow, fourth trip to the containment bar.
Got my fingers crossed,
ok red – we are almost at 116.80 – let's see if she holds!
While the market continues to climb, a perfect end to this rally is to put in an intraday high of 116.66 spy… which by the way, we are almost there now.
The instantaneous recovery on Thur and the spike up on Monday reinforced one mindset : BUY THE F@*&^% DIP.
The PPT pulled a marvellous job on Thur. Who do you think were scooping up the futures when the bottom fell off and all the retails were shut out?
So, now, every pro in every equity shop is banging his/her head on the $2000 desk. BUY BUY BUY. Stupid! When there is a crash, BUY, stupid!
That is the prevailing psychology in the pro investment community now.