Z… listen and read what is posted here. It should keep you from being on the wrong side. The market is going down to the fake print area of Dow 10,000… before any meaningful rebound.
If you are day trading, that's different. But if you swing trade, stay short until Dow 10,000 area, which is also around 1055 spx. I'll go long there for a longer term move up to Dow 11,816 area, where our other fake print is (DIA 118.16)
I was going to get out at 115.00, and re-load back short again on a bounce, but I think I might just stay short now. I don't know what to think about the jobs numbers tomorrow and Friday?
Could be manufactured to look good, or just left as is… aka “Bad”. I feel safer short, and waiting out a possible bounce, then to get out and the market keep falling on me.
Covered GOOG and SINA longs from yesterday. I don't know if I can get 2 up days in a row, on any of the ( lately its been ) idiot stuff, that I follow.
my buddy out of CHI-cago is going to be right with his prediction that the operators are going to game the Massive H&S formation on the daily, Coincidentally the neckline is going to be @ 1056 which is co-relational to the 1.245 mult. which puts the $SPX @ 1055.5
It will have everybody & their dog short convinced that the top is in
If you know people that are convinced the top is in, please send them my screen shot of the DIA tick, it will save them from bankruptcy
2:00 CST SPY currently has 6 consecutive lower closes than opens on the 30 min.
1 of the last 2 30 min blocks will be positive
Z… listen and read what is posted here. It should keep you from being on the wrong side. The market is going down to the fake print area of Dow 10,000… before any meaningful rebound.
http://reddragonleo.com/wp-content/uploads/2010…
If you are day trading, that's different. But if you swing trade, stay short until Dow 10,000 area, which is also around 1055 spx. I'll go long there for a longer term move up to Dow 11,816 area, where our other fake print is (DIA 118.16)
http://reddragonleo.com/wp-content/uploads/2010…
I was going to get out at 115.00, and re-load back short again on a bounce, but I think I might just stay short now. I don't know what to think about the jobs numbers tomorrow and Friday?
Could be manufactured to look good, or just left as is… aka “Bad”. I feel safer short, and waiting out a possible bounce, then to get out and the market keep falling on me.
The metal stocks have taken a big beating, and are due for a bounce.
Covered GOOG and SINA longs from yesterday. I don't know if I can get 2 up days in a row, on any of the ( lately its been ) idiot stuff, that I follow.
That 1055 is a lot closer to the DOW 10k print, then the 107.38 spy I got, which leads me to believe that 1055 is more likely the correct target.
Besides that, my print was on the 10 minute chart, not the daily. I think the daily holds more weight in this case.
I think SLX is about to bottom, SMN, ( inverse metal ETF) I’m starting to get short sell signals on it. I'm waiting for 39.5
Good Job!!!
There's a big slip zone, below our current low
The SPY HOD back tested the TL in which SPY gapped below on the day of the Lehman Ritual
I've got this:
http://screencast.com/t/OTdjMDA1ODgt
my buddy out of CHI-cago is going to be right with his prediction that the operators are going to game the Massive H&S formation on the daily, Coincidentally the neckline is going to be @ 1056 which is co-relational to the 1.245 mult. which puts the $SPX @ 1055.5
It will have everybody & their dog short convinced that the top is in
If you know people that are convinced the top is in, please send them my screen shot of the DIA tick, it will save them from bankruptcy