No, those are SPY targets. I didn't expect such a quick 30 minute sell off, and I wasn't able to get to a computer yesterday to see what was going on. So, I missed out on selling at the bottom yesterday. I'm still short now though, so I just missed out on some “potential” profit. I'm still up big on my positions, I just could have been up huge.
Not sure if I follow what you are saying here. You expect to see 114.80 (DOW 11,480) and then 105.00 (DOW 10,500)? Since the DOW is at 10,530 right now why didn't you sell your short position today?
Thanks for the site. I used to laugh when people would say “there's another shoot” towards the beginning of the rally and prints were popping upwards everywhere. I didnt believe it. Recently I started noticing the prints intraday and they kept getting hit… like the machines were talking to each other. Anyways, I ran across your post calling for 10,000 a few days ago. I went long the vix this morning. I got out at EOD… I feel lucky because the whole day scared the F out of me even when I made money. Thanks for your work…
Me too my friend… me too! It's really funny now that every blog I follow and read is now completely lost on what to make of the charts. LOL! They only say that more selling is coming… DUH!
No, those are SPY targets. I didn't expect such a quick 30 minute sell off, and I wasn't able to get to a computer yesterday to see what was going on. So, I missed out on selling at the bottom yesterday. I'm still short now though, so I just missed out on some “potential” profit. I'm still up big on my positions, I just could have been up huge.
Not sure if I follow what you are saying here. You expect to see 114.80 (DOW 11,480) and then 105.00 (DOW 10,500)? Since the DOW is at 10,530 right now why didn't you sell your short position today?
cowabunga !!!
Hey Red In light of this are you still seeing a bounce to new highs over this summer
Leo,
Thanks for the site. I used to laugh when people would say “there's another shoot” towards the beginning of the rally and prints were popping upwards everywhere. I didnt believe it. Recently I started noticing the prints intraday and they kept getting hit… like the machines were talking to each other. Anyways, I ran across your post calling for 10,000 a few days ago. I went long the vix this morning. I got out at EOD… I feel lucky because the whole day scared the F out of me even when I made money. Thanks for your work…
How funny… the NYSE Daily chart had an intraday low of 6666.96! Tell me these guys don't love to play ritual games! Unbelievably!
Me too my friend… me too! It's really funny now that every blog I follow and read is now completely lost on what to make of the charts. LOL! They only say that more selling is coming… DUH!
Great post red, I certainly hope you're right. Hopefully we can bank some good coin. Best of luck for tomorrow.
I'm working on my post right now, and should have it up in a few hours. All will be explained.
Are we looking at this by any chance
http://thepatternsite.com/3peaksdome.html
The Daily view from Americanbulls
TNA was a Wait for today, was down today, and has a Wait signal again for tomorrow.
TZA was a Hold today, was up today, and is a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $6.99, up 26.2% since the buy.
Of the stocks & ETFs I follow, only these are to hold on to:
GLD (gold), SLV(silver)
The list to avoid:
IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT) , IYR(1x RE), URE(2x RE), DRN(3x RE), USO(oil), UCO(2x Oil), ERX(3x energy), AAPL, AMZN, DRI, GOOG, DIA, SPY, EWG(Germany), EWQ(France), EWU(England), EWX(emerging mkts)
The following are possible buys tomorrow: GS
The following are possible sells tomorrow: QQQQ
Action for TNA or TZA for tomorrow: None