I'm really looking for some bad news to come out and cause a really big sell off. When is the question? Tomorrow? Or during the 3 day weekend? Greece isn't the only place in trouble you know…
Fear not o red one! This thing doesn't have the volume to get there. If I'm wrong then I'm REALLY wrong and we get a volume push higher and make our way to 1200. But I don't think so. I say we head down to 1040ish and the we will see.
No problem G… I'm really easy going. Don't let Anna fool you about all the conspiracy stuff. I just put it out. It up to everyone who reads it to decide on whether or not to believe it.
Of course I do, but I try to look a little deeper then most people, and from what I see, and find… it's all true.
Anyway… rib on! I can take it, and I'll just rib you back a little too! LOL!
Well, I got a 106/101 vertical put spread, and it's at least half water underwater right now. I'm a fairly good swimmer, but treading water for this long is wearing me out.
If that's your idea of entertainment, I'm the Rodney Dangerfield of trading. We have a long way to go to get down to that 1000 level. I'm sitting on a 106/100/95 Feb put butterfly. I hope you're right! We're running out of time!
I sure hope so K… I'm really tired of all this BS! Some other have us going to 1092 and then back down. I don't know at this point. That Daily chart is looking more and more bullish as it starts to roll back up.
But, it could also turn back down just as quickly. The monthly and weekly are still point down, but that's not a whole lot of help on the short term.
We need another big default to be announced. How about California?
Yeah, I seen that the banks didn't rally on today's move. It was all retail traders going long over the Greece bailout news. The big boys are waiting in the shadows somewhere… ready to dump, but at what level is the question?
Flags and pennants: http://www.chartpatterns.com/flagsandpennants.htm
I'm really looking for some bad news to come out and cause a really big sell off. When is the question? Tomorrow? Or during the 3 day weekend? Greece isn't the only place in trouble you know…
You are the reason I'm long Alcoa.
nyuk nyuk nyuk.
Fear not o red one! This thing doesn't have the volume to get there.
If I'm wrong then I'm REALLY wrong and we get a volume push higher and make our way to 1200. But I don't think so. I say we head down to 1040ish and the we will see.
No problem G… I'm really easy going. Don't let Anna fool you about all the conspiracy stuff. I just put it out. It up to everyone who reads it to decide on whether or not to believe it.
Of course I do, but I try to look a little deeper then most people, and from what I see, and find… it's all true.
Anyway… rib on! I can take it, and I'll just rib you back a little too! LOL!
Red, Nice charts and explanation. From a TA standpoint you have built a strong case. Thanks for your efforts and letting me jab at you on OBB.
Well, I got a 106/101 vertical put spread, and it's at least half water underwater right now. I'm a fairly good swimmer, but treading water for this long is wearing me out.
If that's your idea of entertainment, I'm the Rodney Dangerfield of trading. We have a long way to go to get down to that 1000 level. I'm sitting on a 106/100/95 Feb put butterfly. I hope you're right! We're running out of time!
I sure hope so K… I'm really tired of all this BS! Some other have us going to 1092 and then back down. I don't know at this point. That Daily chart is looking more and more bullish as it starts to roll back up.
But, it could also turn back down just as quickly. The monthly and weekly are still point down, but that's not a whole lot of help on the short term.
We need another big default to be announced. How about California?
Yeah, I seen that the banks didn't rally on today's move. It was all retail traders going long over the Greece bailout news. The big boys are waiting in the shadows somewhere… ready to dump, but at what level is the question?