you can use any MA with a multiple of 8 and you'll be able to see how the market dances
containment points or trendlines help you identify when the de-leverage area will be hit
you've heard me talking about the two SPX gaps for two weeks now 1085.89,1127.38 as I've said in previous posts those intra-day gaps are left on purpose as de-leverage points, if you watch the SPY you'll see rogue ticks, they serve the same function as a indicator to all regulators in the market where the de-leverage area is
This is done on all regulated issues within the market
I'd say they took out about every stop left on that move up. Now what we are looking for is a close above 110.34 to confirm next week as being up… correct?
you speak and show these various lines, containment points BUT you don't identify what these lines are. They are not labeled on your posts and you don't tell us. Which means we really can't learn from your posts
there hasn't been a dip all week to let the shorts out or the longs in so the chance of a dip coming is losing probability as we draw in on the weekly close
we could flat line here and close the week @ 110.34 then gap out of this range on monday
if they gap the market tomorrow morning out this range then they'll close the market on the weekly highs
Does it matter if they close the market above 110.34 spy today? They have Bullish Monday next week, so they could easely break that level and head on up to 1127.38 by Friday next week.
But, the adx is losing steam and probably needs to re-cycle back up to reach that level. That's why I was really expecting a dip tomorrow to 109, and then a rally all of next week. Maybe they will close it right here at 110 tomorrow, but that doesn't give them much time to dip down a little before running higher.
Puzzling to say the least. The 110 level must be the max pain for tomorrow, that's all I can figure out.
bingo, the $RUT has always been a good tell on big moves as it broke it max contain on the monthly back at the end of May of 03' before any of the other indexes had broke max contain
it will be dancing with the 634.28 level at the end of next week and i suspect it will fail to close above it as there is a daily de-leverage area that needs to be hit in order to free up some capital which is IWM 54.34, the SPX de-leverage pt. is 965.95 which is why it makes a break of monthly contain highly unlikely now
Thanks Sun… I seen it. I guess we will gap up again tomorrow too, as I don't see it falling any now until it hit's the 1127.38 target next week.
That current pain was useless, as it looks like it will close at 111.00 tomorrow. I glad I didn't purchase it.
you can use any MA with a multiple of 8 and you'll be able to see how the market dances
containment points or trendlines help you identify when the de-leverage area will be hit
you've heard me talking about the two SPX gaps for two weeks now 1085.89,1127.38 as I've said in previous posts those intra-day gaps are left on purpose as de-leverage points, if you watch the SPY you'll see rogue ticks, they serve the same function as a indicator to all regulators in the market where the de-leverage area is
This is done on all regulated issues within the market
Did you see my post on DE yesterday?
here's a chart: http://www.flickr.com/photos/47091634@N04/43647…
I'd say they took out about every stop left on that move up. Now what we are looking for is a close above 110.34 to confirm next week as being up… correct?
you speak and show these various lines, containment points BUT you don't identify what these lines are. They are not labeled on your posts and you don't tell us. Which means we really can't learn from your posts
the $RUT is out of the barn so to speak, that was a pretty reliable setup i posted about in my 12:45 update
http://www.flickr.com/photos/47091634@N04/43683…
I think i called it a “spring board” setup in my other post
we'll see where they close it at, there was a lot stops they just now knocked out
looks like a trend week to me
That is what happens in a bull rally. 🙂 People will just watch in disbelief.
But the data is showing strong across the board surge in momentum. The index charts are not picking that up.
Looks like we will gap up tomorrow Sun… I don't see any stopping this now.
there hasn't been a dip all week to let the shorts out or the longs in so the chance of a dip coming is losing probability as we draw in on the weekly close
we could flat line here and close the week @ 110.34 then gap out of this range on monday
if they gap the market tomorrow morning out this range then they'll close the market on the weekly highs
Does it matter if they close the market above 110.34 spy today? They have Bullish Monday next week, so they could easely break that level and head on up to 1127.38 by Friday next week.
But, the adx is losing steam and probably needs to re-cycle back up to reach that level. That's why I was really expecting a dip tomorrow to 109, and then a rally all of next week. Maybe they will close it right here at 110 tomorrow, but that doesn't give them much time to dip down a little before running higher.
Puzzling to say the least. The 110 level must be the max pain for tomorrow, that's all I can figure out.
bingo, the $RUT has always been a good tell on big moves as it broke it max contain on the monthly back at the end of May of 03' before any of the other indexes had broke max contain
it will be dancing with the 634.28 level at the end of next week and i suspect it will fail to close above it as there is a daily de-leverage area that needs to be hit in order to free up some capital which is IWM 54.34, the SPX de-leverage pt. is 965.95 which is why it makes a break of monthly contain highly unlikely now