The only thing that concerns me about the end of today or Monday is the intraday fake print I got on the 10 minute chart. They usually play out within 1-3 days.
This (double) fake print is for 120.83 spy, which means we could go there within a day or so? It could just be some late fills, but you never know for sure.
Notice how yesterday's afterhours fake print of 119.29 was tagged today (actual low of 119.31… close enough). Here's today's double fake print…
Thanks Red. I don;t think the dowside id finished just yet. It might be flat on Monday but more downside is coming IMO. I might nibble on GS next week.
“I just saw an order for may 119 puts for 10,000 contracts at 1.57”
End Quote…
If that was an insider, then we could have a Black Swan event coming next week. Of course it could have been just a stupid retail trader, that will lose all his money. But it's something to wonder about?
It looks like it will fill the gap today. If it does then my feeling that it.. the Vix will resume its down trend. This would imply a rise for the equities. If it fills the gap today we could have a bullish monday again. IMO
The only thing that concerns me about the end of today or Monday is the intraday fake print I got on the 10 minute chart. They usually play out within 1-3 days.
This (double) fake print is for 120.83 spy, which means we could go there within a day or so? It could just be some late fills, but you never know for sure.
Notice how yesterday's afterhours fake print of 119.29 was tagged today (actual low of 119.31… close enough). Here's today's double fake print…
http://reddragonleo.com/wp-content/uploads/2010…
Thanks Red. I don;t think the dowside id finished just yet. It might be flat on Monday but more downside is coming IMO.
I might nibble on GS next week.
Gcocks83 just posted this on OBB…
Quote…
“I just saw an order for may 119 puts for 10,000 contracts at 1.57”
End Quote…
If that was an insider, then we could have a Black Swan event coming next week. Of course it could have been just a stupid retail trader, that will lose all his money. But it's something to wonder about?
I see… that's what I was thinking, as the gap is so close now. Maybe a sell off in the close, as that would fill the gap.
I do believe that next week will be down though…
I mean check the chart
http://stockcharts.com/h-sc/ui?s=vix&p=D&b=5&g=…
It looks like it will fill the gap today. If it does then my feeling that it.. the Vix will resume its down trend. This would imply a rise for the equities. If it fills the gap today we could have a bullish monday again. IMO
You mean you think the market will go up by Wednesday and possibly down on Monday and Tuesday?
watch the VIX closely it fills that gap it “could” indicate a buy on the equities. I think one more down day on Mon or tues and then its a go.
You have to be weary of when a down grade comes. To me it means its a buy. LOL
That looks like a handful Diablos… Congratulations to you and your wife. You can look forward to many sleepless nights now. LOL
The family:
http://screencast.com/t/NzNkNGIwZTc