@ 105.00 I have to liquidate my short inventory for the weekly setup
The odds of 105.00 containing the downward thrust have now diminished greatly
3 tier containment $SPX 1050 area $SPX 965 $SPX 840
The terminal value of the $SPX in this reaction will give us clues currently it's 1163.67 There's capacity to move -27.5% uni-directionally which gives us 843.66
Here's a fake print at just under 112.00 spy that Anna just caught (this one is from today). I don't see it on my screen? It's good have everyone out there looking for them…
Could be. Normally, the downward shock of last week means the first pass of the hurricane and we should be inside the eye of the hurricane now, and the second shock should hit soon. That first shock typically means the start of a material trend change.
So this could be nothing but the eye of the hurricane. Now, if there is another 90% upside day within the next 10 trading sessions, or an 80% upside day this week, then abandon all shorts and go long. THat is per my weak understanding of the Lowry's 90% study.
The Yellow TL is the one that held the SPY during the 10.10.2008 crash low The purple TL that held the SPY during the 2.5.2010 low & the previous 2 TD's is the one that held the SPY during 11.21.2008 lows
the last time we had a violent backtest was on 4.29.2010 backtesting SPY CTL
Yeah, I noticed them, but I thought they were just late fills, as they matched up with the previous day. Freaky!
did u notice all those ticks over on the left hand side & look where we are @ now
THANK YOU.
@ 105.00 I have to liquidate my short inventory for the weekly setup
The odds of 105.00 containing the downward thrust have now diminished greatly
3 tier containment
$SPX 1050 area
$SPX 965
$SPX 840
The terminal value of the $SPX in this reaction will give us clues
currently it's 1163.67
There's capacity to move -27.5% uni-directionally which gives us 843.66
This is a very very dangerous environment………..
Here's a fake print at just under 112.00 spy that Anna just caught (this one is from today). I don't see it on my screen? It's good have everyone out there looking for them…
http://content.screencast.com/users/Annamall2/f…
Agreed.
Sundancer, are you still planning to go long if we get to 105 SPY for the last move up?
Could be. Normally, the downward shock of last week means the first pass of the hurricane and we should be inside the eye of the hurricane now, and the second shock should hit soon. That first shock typically means the start of a material trend change.
So this could be nothing but the eye of the hurricane. Now, if there is another 90% upside day within the next 10 trading sessions, or an 80% upside day this week, then abandon all shorts and go long. THat is per my weak understanding of the Lowry's 90% study.
http://www.lowrysreports.com/samples/90.pdf
SPY TL sequence 1
http://www.flickr.com/photos/47091634@N04/45957…
The Yellow TL is the one that held the SPY during the 10.10.2008 crash low
The purple TL that held the SPY during the 2.5.2010 low & the previous 2 TD's is the one that held the SPY during 11.21.2008 lows
the last time we had a violent backtest was on 4.29.2010 backtesting SPY CTL
good point…