Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
outside the box , your right,with this no volume run-up? Monday has been MF Monday,what happens when it doesn't show-up?. will there be a bounce with volume and a 9-1 day ? 1100 -1120 or 1150 ,on a failed moved and the shorts wait for the bounce? Just watching gas for now. Gas leads oil and oil will be a tell on the market,My take and I could be wrong Good luck all
Interesting chart Apple Al… Still though, I don't see us continuing down next week without a counter rally back up first. I think a dip down Monday to 106.75, and then a rally up the rest of the week is what's going to happen.
If we don't get the dip down, then just a rally all of next week. The following week is when I expect the huge 100+ point sell off to start. I'll be going 100% short on next Friday, as I expect that to be the high of the week.
Then Monday the 8th or Tuesday the 9th, the real selling will begin. If there is ever a chance for a Black Monday… it's on the 8th of February!
I'll be looking for some bad news (or event) to come on that weekend. Not sure what it will be, but it will be blamed for the sell off.
Hey Red nice analysis. Want to show you an indicator based on a formula I worked out. Indicator uses NYSE statistics, it develops a reading of buying pressure (green line) and selling pressure (red line): http://screencast.com/t/YjczYWNjMjUt As you can see, selling pressure was mounting Friday, so no indication of bottom of W1 yet, at least not in this measurement. BTW, what do you think of the indicator?
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
I'm looking for a move back to 38 before the end of the week, on the USO. As for the SPX, I think 1100 should be hit, and maybe even 1120 area?
The government can release some good news for the banks, and they'll get bought up. Then Exxon can come out will good earnings and the commodities will get bought up too.
That will lift the market more then most people think. I know it seems unreal to many people, because all the technical's are now pointing down (longer term), but we all know how they like to fool people, so they can take their money.
A gap down Monday morning to 106.75 spy (which the bears will jump short on), and then a short squeeze the rest of the week to 1120 or higher would really crush a lot of bears that keep shorting at every move higher.
The bulls would start buying again too, and everyone would think that this was the 10% correction that everyone was waiting for, and now it's back to the rally again.
Then the following week they crash it for real this time. The bears won't join in because they don't want to get fooled again, and the bulls will be buying all the dips lower thinking that it will rise again.
The perfect way to steal the bulls money, and keep the bears out of the market… as you will have already stolen their money on the rally coming this week.
Yes it's crooked, and not fair… but that's how they stay rich and the retail trader stays poor!
Red, Enjoyed your post and all the comments below. Some nice feedback. I hope your scenario of a bounce this week plays out.
Hi Monica, Sending you an email about 3x etf's.
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
outside the box , your right,with this no volume run-up?
Monday has been MF Monday,what happens when it doesn't show-up?. will there be a bounce with volume and a 9-1 day ?
1100 -1120 or 1150 ,on a failed moved and the shorts wait for the bounce?
Just watching gas for now. Gas leads oil and oil will be a tell on the market,My take and I could be wrong
Good luck all
your sheep should be bulls
Looks cool, do you want to divulge the thinkscript? Or do you plan on selling it?
Interesting chart Apple Al… Still though, I don't see us continuing down next week without a counter rally back up first. I think a dip down Monday to 106.75, and then a rally up the rest of the week is what's going to happen.
If we don't get the dip down, then just a rally all of next week. The following week is when I expect the huge 100+ point sell off to start. I'll be going 100% short on next Friday, as I expect that to be the high of the week.
Then Monday the 8th or Tuesday the 9th, the real selling will begin. If there is ever a chance for a Black Monday… it's on the 8th of February!
I'll be looking for some bad news (or event) to come on that weekend. Not sure what it will be, but it will be blamed for the sell off.
Hey Red nice analysis.
Want to show you an indicator based on a formula I worked out. Indicator uses NYSE statistics, it develops a reading of buying pressure (green line) and selling pressure (red line):
http://screencast.com/t/YjczYWNjMjUt
As you can see, selling pressure was mounting Friday, so no indication of bottom of W1 yet, at least not in this measurement.
BTW, what do you think of the indicator?
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
I'm looking for a move back to 38 before the end of the week, on the USO. As for the SPX, I think 1100 should be hit, and maybe even 1120 area?
The government can release some good news for the banks, and they'll get bought up. Then Exxon can come out will good earnings and the commodities will get bought up too.
That will lift the market more then most people think. I know it seems unreal to many people, because all the technical's are now pointing down (longer term), but we all know how they like to fool people, so they can take their money.
A gap down Monday morning to 106.75 spy (which the bears will jump short on), and then a short squeeze the rest of the week to 1120 or higher would really crush a lot of bears that keep shorting at every move higher.
The bulls would start buying again too, and everyone would think that this was the 10% correction that everyone was waiting for, and now it's back to the rally again.
Then the following week they crash it for real this time. The bears won't join in because they don't want to get fooled again, and the bulls will be buying all the dips lower thinking that it will rise again.
The perfect way to steal the bulls money, and keep the bears out of the market… as you will have already stolen their money on the rally coming this week.
Yes it's crooked, and not fair… but that's how they stay rich and the retail trader stays poor!