I'm glad I stayed in cash on Friday. I also expected a bounce… but only to fill the gap at 113.00 spy. I'm glad it went past it now, as I've got a better entry point to short from.
Wouldn't surprise me. With few exceptions Monday's have been up and usually big up days for the market. See last Monday for example after a down previous Friday. What did the rest of the week look like? Would not be surprised to see a big if not equal down day tomorrow. Has happened time and time again. History has shown that big cataclysismic drops are followed by a large move up 1-3 days later before going back down breeching the previous low.
I do have a screenshot of it, but having proxy issues to upload. It said Dow 10,868 -0.54%
Terry Laundry has been saying similar projection for months.
I have had it running all morning and have seen nothing of the kind. Just it is always 15-45 minutes late even if you are a real time subscriber.
I'm glad I stayed in cash on Friday. I also expected a bounce… but only to fill the gap at 113.00 spy. I'm glad it went past it now, as I've got a better entry point to short from.
Wouldn't surprise me. With few exceptions Monday's have been up and usually big up days for the market. See last Monday for example after a down previous Friday. What did the rest of the week look like? Would not be surprised to see a big if not equal down day tomorrow. Has happened time and time again. History has shown that big cataclysismic drops are followed by a large move up 1-3 days later before going back down breeching the previous low.
Well I was expecting this bounce today and planned to use it to add to some short positions. I did not expect the bounce to last past noon however.
Ouch!
They are going to close this at the highs today IMO
http://finance.yahoo.com/echarts?s=^FTSE#chart1…
New fake print alert… 113.52 spy (10 minute chart)
it is gone now holy cow.
Must be gone now, as I don't see it?