Until this rising wedge breaks we aren’t likely going down. They are fighting this hard as right now every short term chart is bearish. This is like a very fat pig trying to swim upstream like trout do. It’s like Bernanke dragging the fat pig up stream with a rope tied around his waist and the pigs neck.
Well gang, I’m not surprised that they aren’t letting this pig sell off as today they have $4.25-$5.25 Billion in TOTO money to support it with (which they didn’t have the last 3 days). All charts are very bearish, but as we all know… that means nothing!
So, I really don’t know what to think at this point. In a normal market we would have gapped down and continued down all day. But this is a heavily manipulated market and they are absolutely not letting this go down yet. Maybe we’ll see some selling later today?
127 Hours======5days7hours…..57==12…..We’re currently in the 7500 day range from Bradley’s ode to the ’29’92 ritual date…….705 years from the original Friday the 13th date.
Boehner to speak @ 11……smile! (EST)
Until this rising wedge breaks we aren’t likely going down. They are fighting this hard as right now every short term chart is bearish. This is like a very fat pig trying to swim upstream like trout do. It’s like Bernanke dragging the fat pig up stream with a rope tied around his waist and the pigs neck.
Morning Mr. Red/board……staying away and watching SPY 143 ish. No short pos yet just a few long ind stocks.
Well gang, I’m not surprised that they aren’t letting this pig sell off as today they have $4.25-$5.25 Billion in TOTO money to support it with (which they didn’t have the last 3 days). All charts are very bearish, but as we all know… that means nothing!
So, I really don’t know what to think at this point. In a normal market we would have gapped down and continued down all day. But this is a heavily manipulated market and they are absolutely not letting this go down yet. Maybe we’ll see some selling later today?
APPLE Death cross update: http://niftychartsandpatterns.blogspot.in/2012/12/apple-death-cross-update.html
ES Chart update: http://niftychartsandpatterns.blogspot.in/2012/12/es-chart-update_13.html
Today 12-12-12 is 3 years 9months 6 days from the 3-6-9 low.
127 Hours======5days7hours…..57==12…..We’re currently in the 7500 day range from Bradley’s ode to the ’29’92 ritual date…….705 years from the original Friday the 13th date.
#14 was 5-7 for 29 yards in his brief appearance…….threw the TD pass to #86 but don’t see anything there.
Dow Jones analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2012/12/dow-jones-analysis-after-closing-bell_13.html