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!
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
for those wandering why the vix was down this week and couldn't manage to put in a higher high, last week it back tested its broken up-trend line dating all the way back to 12/18/2006 http://www.flickr.com/photos/47091634@N04/43192…
USO wkly chart, closed below an important trendline, however with 3 consecutive red bars, it's almost guaranteed to close higher next week, 4 consecutive red bars has only happened once in 119 weeks, another clue to the equity markets direction next week http://www.flickr.com/photos/47091634@N04/43185…
gap on 60 min chart SPX 1127.38 (930:1030 candle) for those of you with eagle eyes they did this same thing with the 930 candle back in the late october decline http://www.flickr.com/photos/47091634@N04/43190…
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!
This is going to cause a major freakout…
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
for those wandering why the vix was down this week and couldn't manage to put in a higher high, last week it back tested its broken up-trend line dating all the way back to 12/18/2006
http://www.flickr.com/photos/47091634@N04/43192…
USO wkly chart, closed below an important trendline, however with 3 consecutive red bars, it's almost guaranteed to close higher next week, 4 consecutive red bars has only happened once in 119 weeks, another clue to the equity markets direction next week
http://www.flickr.com/photos/47091634@N04/43185…
for those of you wanting to follow intra-day moves pulling up a 3 minute chart of the SPX will tell you where its going by the gaps it leaves behind
Open gaps on 3 minute chart from last 2 days
1084.66 13:39 candle
http://www.flickr.com/photos/47091634@N04/43191…
it is important to note they filled the 1533 gap on the closing 3 minute candle which was @ 1073.89, look where they closed the spx @ 1073.87
gap on 60 min chart SPX 1127.38 (930:1030 candle) for those of you with eagle eyes they did this same thing with the 930 candle back in the late october decline
http://www.flickr.com/photos/47091634@N04/43190…
Still short and will just stay that way.