He must be expecting a pullback of some kind. 1166 is near the bottom of one of his boxes, not a normal place to bail.
Usually he posts his reasoning a bit later.
Interesting given his projection. Probably with all the money he has made, he just wants to go out and play a round of golf!
Carl sold long unit at 1166.50
Not in your case, but in my case, that is true!
One can only hope!
I actually hope it does.
Looks like it could break either way, but from today's action I'd say it wants to break up.
pressure is building across capital markets, while most people's attention is being diverted to the “rally” in the indexes, people ought to be directing their energy towards this chart of the $TNXhttp://www.flickr.com/photos/47091634@N04/44600…
Bad news in home sales. Guess that means it will be a while before we get to that containment level in the IYR.
He must be expecting a pullback of some kind. 1166 is near the bottom of one of his boxes, not a normal place to bail.
Usually he posts his reasoning a bit later.
Interesting given his projection. Probably with all the money he has made, he just wants to go out and play a round of golf!
Carl sold long unit at 1166.50
Not in your case, but in my case, that is true!
One can only hope!
I actually hope it does.
Looks like it could break either way, but from today's action I'd say it wants to break up.
pressure is building across capital markets, while most people's attention is being diverted to the “rally” in the indexes, people ought to be directing their energy towards this chart of the $TNX
http://www.flickr.com/photos/47091634@N04/44600…
Bad news in home sales. Guess that means it will be a while before we get to that containment level in the IYR.