No need for panic, Monica. My systems are detecting topping signs now. We may chop around for a few sessions or Monday would mark the beginning of a nice slide, if the Goddess Fortuna smiles upon us.
There is nothing sacred about Monday, except that this one has a high probability of having a big move. The McClellan oscillators for both NYSE and NASDAQ registered very small change today. Let it be a down move and sets off a much anticipated avalanche.. 😀 It is past due for one.
On the last 10 minute candle of the day, I got a high of 166.66 spy, and a low of 116.77… Too funny. That's 1660 spx! That's a long ways off from here…
You are right SC. Just sort of in panic mode at the moment. I didn't sell. The McClellan is really reliable – based on it, we should have seen more downward movement today. I have to look at where it is when it updates at 5:00PM. For the bear short term pull back to happen, the market basically has to go down on Monday. So if it doesn't I will have to reassess.
The decline hasn't even gotten started in full force yet. Nothing to be alarmed for any bearish position today. Back and forth rocking is typical at turning point.
Nothing has changed today. Short term correction warning is still in full force. If anything, the warning has gotten stronger today.
If it makes you feel any better, I bought TZA today. 🙂
Sell to close short positions after we have a -200 dow day. Praise Buddha, Allah, Jesus and Odin! lol
Selling some of my positions now then. Seems like we still have quite a bit of room to the upside. I can re-enter later. We should have had a decent sell of today already based on indicators so there isn't much more downside room left, IMO.
No need for panic, Monica. My systems are detecting topping signs now. We may chop around for a few sessions or Monday would mark the beginning of a nice slide, if the Goddess Fortuna smiles upon us.
There is nothing sacred about Monday, except that this one has a high probability of having a big move. The McClellan oscillators for both NYSE and NASDAQ registered very small change today. Let it be a down move and sets off a much anticipated avalanche.. 😀 It is past due for one.
the operators had the $SPX @ 1166.6 @4:01 then knocked it down a penny to 1166.59 @ 4:03
the SUN sacrifice is 7 days away, Pi ritual is 6 days away
I'll never forget last years Pi ritual, they ramped the XLF 15% on the Thursday
Carl at day’s end:
1156-1169 estimate for today (13 points)
1156.50 -1169.75 actual today (13.25 points)
Nailed it.
Trades:
No trades today
Grade B
On the last 10 minute candle of the day, I got a high of 166.66 spy, and a low of 116.77… Too funny. That's 1660 spx! That's a long ways off from here…
You are right SC. Just sort of in panic mode at the moment. I didn't sell. The McClellan is really reliable – based on it, we should have seen more downward movement today. I have to look at where it is when it updates at 5:00PM. For the bear short term pull back to happen, the market basically has to go down on Monday. So if it doesn't I will have to reassess.
The decline hasn't even gotten started in full force yet. Nothing to be alarmed for any bearish position today. Back and forth rocking is typical at turning point.
Nothing has changed today. Short term correction warning is still in full force. If anything, the warning has gotten stronger today.
If it makes you feel any better, I bought TZA today. 🙂
Sell to close short positions after we have a -200 dow day. Praise Buddha, Allah, Jesus and Odin! lol
At least in the short term.
Selling some of my positions now then. Seems like we still have quite a bit of room to the upside. I can re-enter later. We should have had a decent sell of today already based on indicators so there isn't much more downside room left, IMO.
moving day comes Moonday
$DJI containment setup: closed above red contain today, orange containment will intersect red on Moonday
http://www.flickr.com/photos/47091634@N04/44648…