I have too actually work today, go figure… So, I won't be around too much, so you're in charge. Hold down the fort while I'm gone, and keep the troops entertained.
Ohhhh, and one more thing… keep the bull tied up, the bear is still hungry.
That what I thought too SC, but what if the market makers bought those puts this time? Or maybe they aren't in control, and can't stop the fall from happening. They might not be one of the “insiders”, and they might just have too pay out on opx. Just food for thought…
Man, I'd love to see it keep falling and not let the bulls out for a change. They squeezed the bears that way, not giving them any chance to get out. It's the bulls turn now…
The last 30 minutes yesterday saved the SPY from the edge of the Huge Ledge. Closed above the twin containment pts. Should these twin containment pts. fail, then another quick 40 pt. flush will ensue.
Notice very closely the relationship of the blue TL. It's the TL that SPY gapped below on the day of the LEH-Man Ritual. Bad news for the Bulls is the bears successfully backtested it yesterday co-relational to the successful backtest on 4.8.2010.
If you know anybody that is currently long or thinking about initiating long positions, this may help them stave off disaster.
The Ritual Sequence that gave us the 7.15.2008 Major Low, 11.4.2008 Major High, 1.19.2010 Major High, comes due early next week (5.11.2010)
5.11 is also 11 TD below SPY CTL which gave us the 3.6.2009 Major Lows & 2.5.2010 Major Lows
Not sure what this 121.14 dot is all about (in the top right hand corner of the screen), but it has me worried. That's a hellva climb…
http://reddragonleo.com/wp-content/uploads/2010…
WIsh I could – too busy with baby to even analyze the market.
Monica,
I have too actually work today, go figure… So, I won't be around too much, so you're in charge. Hold down the fort while I'm gone, and keep the troops entertained.
Ohhhh, and one more thing… keep the bull tied up, the bear is still hungry.
Really appreciate your posts Sun.
That what I thought too SC, but what if the market makers bought those puts this time? Or maybe they aren't in control, and can't stop the fall from happening. They might not be one of the “insiders”, and they might just have too pay out on opx. Just food for thought…
Bingo, you're really starting to get it!!!!!
Carl’s morning call:
June S&P E-mini Futures: I estimate today's day session range will be 1148-1168. I think a swing to 1270 will begin soon.
1154.75–1173 actual yesterday (18.25 points)
1158-1168.75 range last night (10.75 points)
1148-1168 estimate for today (20 points)
1160 currently, so estimate is -12 to +8 from here (somewhat bearish)
Man, I'd love to see it keep falling and not let the bulls out for a change. They squeezed the bears that way, not giving them any chance to get out. It's the bulls turn now…
Current Daily SPY setup:
http://www.flickr.com/photos/47091634@N04/45833…
The last 30 minutes yesterday saved the SPY from the edge of the Huge Ledge. Closed above the twin containment pts. Should these twin containment pts. fail, then another quick 40 pt. flush will ensue.
Notice very closely the relationship of the blue TL. It's the TL that SPY gapped below on the day of the LEH-Man Ritual. Bad news for the Bulls is the bears successfully backtested it yesterday co-relational to the successful backtest on 4.8.2010.