yeah the suckers'r'us bus has been full all week with top callers, first it was march 2nd, then the 3rd, it's gotta be the 4th, and today they're in the process of puking up their positions or the margin clerk is taking care of it for them.
the bullish setup on the monthly is dominant so a reaction for a week or two will lead to a strong monthly close
It wouldn't be so dirty of a word if there was some real earnings to back up the rally. I just can't be bullish in this fake market. I choose to sit it out, and wait for the crack to wear off, and the bulls to come down from their high.
When it happens, I'll be waiting to go short. I'll continue shorting until the earnings are real again, and then I'll go long. If you can go long in this environment, then you have more guts, and and higher risk tolerance then I do.
I hope you do well being long. I just don't have the stomach to risk being caught long when the crap really hits the fan.
significant $SPX index gap @ the open past days with significant index gap: 2/16/10 1/12/10 12/21/09 12/17/09 12/10/09 12/01/09 11/27/09 11/11/09 11/06/09 10/14/09 10/08/09
Evilspeculator did a post on Fuji's gartley pattern and it sounds like it hasn't been entirely accurate. Who knows though. I am still expecting for a pull back soon like you.
yeah the suckers'r'us bus has been full all week with top callers, first it was march 2nd, then the 3rd, it's gotta be the 4th, and today they're in the process of puking up their positions or the margin clerk is taking care of it for them.
the bullish setup on the monthly is dominant so a reaction for a week or two will lead to a strong monthly close
It wouldn't be so dirty of a word if there was some real earnings to back up the rally. I just can't be bullish in this fake market. I choose to sit it out, and wait for the crack to wear off, and the bulls to come down from their high.
When it happens, I'll be waiting to go short. I'll continue shorting until the earnings are real again, and then I'll go long. If you can go long in this environment, then you have more guts, and and higher risk tolerance then I do.
I hope you do well being long. I just don't have the stomach to risk being caught long when the crap really hits the fan.
No one wants to say the dirty word, “BULLISH”. lol
I completely concur regarding the notion of exhaustion gaps. This is reminiscent of gold in late Nov. / early Dec.
significant $SPX index gap @ the open
past days with significant index gap:
2/16/10
1/12/10
12/21/09
12/17/09
12/10/09
12/01/09
11/27/09
11/11/09
11/06/09
10/14/09
10/08/09
Thank you. Trying not to watch TZA drop!
Monica, come over to HOB. OBB is down so we are all there. See TZA drop.
$VIX gapped below daily contianment
http://www.flickr.com/photos/47091634@N04/44089…
Evilspeculator did a post on Fuji's gartley pattern and it sounds like it hasn't been entirely accurate. Who knows though. I am still expecting for a pull back soon like you.
general of the bull army AAPL with fresh new highs
http://www.flickr.com/photos/47091634@N04/44081…
watch the 222.83 level