I see an 8:08 am FP of 141.94 on the SPY, which is probably the low for the day… sadly. It wouldn’t surprise me to stay stuck in this triangle all day and close flat. Monday is another “yearly” eleven day, which could be the high before some selling starts.
Since today is a “daily” eleven day (29th=2+9=11) and the fact that the FP was hit today, I’m going to say that the odds are very high that today marks another important top.
AU, make 80% on these calls.
http://zstock7.com/
Boring… boring… boring…
Sadly, I’m going to say that the gangsters will take this pig up higher Monday/Tuesday before they allow it to rollover.
SILVER Trend update: http://niftychartsandpatterns.blogspot.in/2012/11/silver-trend-update.html
I see an 8:08 am FP of 141.94 on the SPY, which is probably the low for the day… sadly. It wouldn’t surprise me to stay stuck in this triangle all day and close flat. Monday is another “yearly” eleven day, which could be the high before some selling starts.
ES update…
http://screencast.com/t/YOK6dTO2A
S&P 500 Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/11/s-500-analysis-after-close.html
nice!
nearly all the steel companies are struggling, world wide. That tells me, not a whole lot of new construction is going on.
Since today is a “daily” eleven day (29th=2+9=11) and the fact that the FP was hit today, I’m going to say that the odds are very high that today marks another important top.
wow. completely forgot about that one