15 minute charts are ready to roll down, but the 60 minute chart is still going up. That's why it's choppy, and is putting in that minor wave 2 up that I talked about.
The larger time frames (Monthly, Weekly, and Daily) are all rolling over and will stop any advance the 60 minute chart makes.
Think of each chart as a rank in the military. The larger the time frame, the higher the rank. Lots of people thought there would be a rally, but as soon as the 60 minute chart finishes it's up, it will rollover and then start the minor wave 3 inside larger wave 3. That will probably be late today or tomorrow.
It could then be Black Tuesday, instead of Black Monday? Regardless, once all the charts are pointing down… it's bad news for the bulls!
LOL! Yes, I try to entain… but the charts tell the story SC, with or without and conspiray theroies. By the way, when does a conspiray theroy no long become a conspiray? Answer: When it's true…
I don't want to be rude to Red as I like him and think Red is a good guy. But Red has stumpled across the conspiracy stuffs and unfortunately is in on wild goose chase. I know he means well. But this adventure he is on, is unfortunately unproductive. Entertaining ?yes. Productive? Doubtful. It saddens me to see a rather brilliant mind on this wild goose chase of the shadows. May be I should drive down to whereever he lives and gives the man a good whack on the head. Some good old fashioned, wall to wall counselling. lol
OK – I will assume you know something I don't. While I do believe there are ugly things going on with our/other governments and I don't see anything rational about how the market has been going up, I am also aware that things can stay irrational longer than I can stay solvent. I will stay short though. Thanks for holding my hand!
Hang tight girl… even the bow of the Titanic rose up just moments before she sank. The market will do the same. By the end of the week, (probably much sooner), we will be saying hello to 1020 spx.
Click on the link by redvettes below. The banks aren't going to like being taxed, or forced to pay for this recession. The selling is coming…
Still short. Bullish EW bloggers all over the place. I'm beginning to think each person can make the technicals adhere to their own views. I'm staying short but if your mind changes, please let me know! It seems you might have information that others don't. Nothing about this market seems positive to me (if nothing else but increased volatility) but I am sure people were thinking the same thing back in July and October. If this week doesn't play out, I may have to re-evaluate.
15 minute charts are ready to roll down, but the 60 minute chart is still going up. That's why it's choppy, and is putting in that minor wave 2 up that I talked about.
The larger time frames (Monthly, Weekly, and Daily) are all rolling over and will stop any advance the 60 minute chart makes.
Think of each chart as a rank in the military. The larger the time frame, the higher the rank. Lots of people thought there would be a rally, but as soon as the 60 minute chart finishes it's up, it will rollover and then start the minor wave 3 inside larger wave 3. That will probably be late today or tomorrow.
It could then be Black Tuesday, instead of Black Monday? Regardless, once all the charts are pointing down… it's bad news for the bulls!
Very choppy. Can go in either direction (as usual :)). Trusting red, Serge and my gut. Staying short – will hang on through a bounce.
hey Monica… Yeah it's a bit flat ain't it?
Interesting day so far. Everyone expecting a bounce. We shall see.
LOL! Yes, I try to entain… but the charts tell the story SC, with or without and conspiray theroies. By the way, when does a conspiray theroy no long become a conspiray? Answer: When it's true…
I don't want to be rude to Red as I like him and think Red is a good guy. But Red has stumpled across the conspiracy stuffs and unfortunately is in on wild goose chase. I know he means well. But this adventure he is on, is unfortunately unproductive. Entertaining ?yes. Productive? Doubtful. It saddens me to see a rather brilliant mind on this wild goose chase of the shadows. May be I should drive down to whereever he lives and gives the man a good whack on the head. Some good old fashioned, wall to wall counselling. lol
You have been watching Babylon 5 too much, Red. The Shadows are back……. But Ivanova is soooo hot!
OK – I will assume you know something I don't. While I do believe there are ugly things going on with our/other governments and I don't see anything rational about how the market has been going up, I am also aware that things can stay irrational longer than I can stay solvent. I will stay short though. Thanks for holding my hand!
Hang tight girl… even the bow of the Titanic rose up just moments before she sank. The market will do the same. By the end of the week, (probably much sooner), we will be saying hello to 1020 spx.
Click on the link by redvettes below. The banks aren't going to like being taxed, or forced to pay for this recession. The selling is coming…
Hi Red,
Still short. Bullish EW bloggers all over the place. I'm beginning to think each person can make the technicals adhere to their own views. I'm staying short but if your mind changes, please let me know! It seems you might have information that others don't. Nothing about this market seems positive to me (if nothing else but increased volatility) but I am sure people were thinking the same thing back in July and October. If this week doesn't play out, I may have to re-evaluate.