$RUT Monthly Update continues to push right up against the max contain pt. http://www.flickr.com/photos/47091634@N04/43786… if the max contain pt. fails then the $RUT will go and test the top of the breakdown candle form Oct. 08' which is @ 676.21 and important HL @ 679.52
I wrote a post on friday talking about the importance of the SPY 111.38 level and how the last four times the operators have gapped the SPY either over/under the level. Well this morning looks like the operators are going to jump the creek again over the 111.38 level.
Now the opening tick will be interesting because of the co-relational 1/22/2010 open which was SPY 111.20 and the 2/19/2010 close which was 111.14. Remember the 1/21/2010 close was 111.70 so a open within .10 or .15 of 111.70 will fit the bill.
If you want to know why the country is going down the toilet and all the necessary reforms are not enacted, listen to Charlie Munger, Warren Buffett's right hand-man.
I don't think too many people are happily dancing through any of this! And it's never easy as far as I can tell! I'll let you know in 3 years if I know what I am doing 🙂
$RUT Monthly Update
continues to push right up against the max contain pt.
http://www.flickr.com/photos/47091634@N04/43786…
if the max contain pt. fails then the $RUT will go and test the top of the breakdown candle form Oct. 08' which is @ 676.21 and important HL @ 679.52
That's a good place to be.
Gcocks, all cash
Feel sleepy right now. Probably will wait until I wake up to do anything.
Earl, do you have any TNA?
From Carl just now:
March S&P E-mini Futures: Today's day session range estimate is 1100-1116. The market will reach 1200 over the next three months.
Note:
1093-1107 last Fridays estimated range
1100-1116 todays estimated range
Sundancer, I watched that on Friday. I think we climb today.
update 8:30est
SPY trading 111.55
I wrote a post on friday talking about the importance of the SPY 111.38 level and how the last four times the operators have gapped the SPY either over/under the level. Well this morning looks like the operators are going to jump the creek again over the 111.38 level.
Now the opening tick will be interesting because of the co-relational 1/22/2010 open which was SPY 111.20 and the 2/19/2010 close which was 111.14. Remember the 1/21/2010 close was 111.70 so a open within .10 or .15 of 111.70 will fit the bill.
That's an interesting read… funny, but poetic in how it describes America. Sad but true…
If you want to know why the country is going down the toilet and all the necessary reforms are not enacted, listen to Charlie Munger, Warren Buffett's right hand-man.
http://www.slate.com/id/2245328/pagenum/all/
I don't think too many people are happily dancing through any of this! And it's never easy as far as I can tell! I'll let you know in 3 years if I know what I am doing 🙂