Correct… the move up at the open will quickly be shorted by all the bears that were sleeping and missed the whole move today. The bulls that were trapped will also bailout at the first pop for fear of more selling.
They should then take the market down during this first 1-2 hours of the days as that’s when the selling pressure will be the heaviest from both bulls and bears.
Then as long as we don’t break the low from today of 1384 ES, and just put in a “higher low”, they should turn it back up and squeeze the late-comers bears that are now short and the panicked bulls that bailout out of their longs and went short.
This is where “C wave’s” happen as both bulls and bears are both short together and once they see the low isn’t breaking and the selling pressure is drying up they will get squeezed hard and force to cover at a lost.
You could say that the move down tomorrow would also be the completion of the B wave down in this ABC move up that should end on Friday. This is only accurate as long as the low from today isn’t taken out tomorrow during the selling that should last the first 1-2 hours of the day.
I wouldn’t short the open looking for another big move down as “if” SkyNet continues to steal the most money from the sheep it won’t give the sheep another big wave down without first squeezing them out of their positions.
Every bear and his brother is now short after the beating the bulls took today. Don’t expect them to get another easy meal tomorrow. The bulls might get smacked back down in the morning but they should kick a few bears back the 2nd half the day.
If tomorrow goes like 9/27 then we’ll open up a little and drop a little less into about the 11:30am time period and then turn back up for a wave C up. The low tomorrow should be higher then the low today.
ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2012/11/es-chart-analysis_8.html
i put together a good read, on some things you need to know about the fiscal cliff and how it could affect your trading decisions.
http://zstock7.com/?p=7027#comment-703792702
“It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything. ”
Joseph Stalin
http://www.brainyquote.com/quotes/authors/j/joseph_stalin.html#G07DRkOuEHJUBtjJ.99 http://www.votefraud.org/josef_stalin_vote_fraud_page.htm
today’s voting fraud is more blatant. the people who REFUSE to count the votes decide everything. http://www.youtube.com/watch?v=4hDt9hM_cgs
Correct… the move up at the open will quickly be shorted by all the bears that were sleeping and missed the whole move today. The bulls that were trapped will also bailout at the first pop for fear of more selling.
They should then take the market down during this first 1-2 hours of the days as that’s when the selling pressure will be the heaviest from both bulls and bears.
Then as long as we don’t break the low from today of 1384 ES, and just put in a “higher low”, they should turn it back up and squeeze the late-comers bears that are now short and the panicked bulls that bailout out of their longs and went short.
This is where “C wave’s” happen as both bulls and bears are both short together and once they see the low isn’t breaking and the selling pressure is drying up they will get squeezed hard and force to cover at a lost.
You could say that the move down tomorrow would also be the completion of the B wave down in this ABC move up that should end on Friday. This is only accurate as long as the low from today isn’t taken out tomorrow during the selling that should last the first 1-2 hours of the day.
I wouldn’t short the open looking for another big move down as “if” SkyNet continues to steal the most money from the sheep it won’t give the sheep another big wave down without first squeezing them out of their positions.
Every bear and his brother is now short after the beating the bulls took today. Don’t expect them to get another easy meal tomorrow. The bulls might get smacked back down in the morning but they should kick a few bears back the 2nd half the day.
“if” it plays out like back the 27th, Then we should go up ,pretty much, all day tomorrow, and then start to rollover again Friday
Sep 27, 2012 1,433.36 1,450.20 1,433.36 1,447.15 479,755,08
S&P 500 Analysis after close: http://niftychartsandpatterns.blogspot.in/2012/11/s-500-analysis-after-closing-bell_8.html
If tomorrow goes like 9/27 then we’ll open up a little and drop a little less into about the 11:30am time period and then turn back up for a wave C up. The low tomorrow should be higher then the low today.
big red areas, covering calif an NY on the latest HAARP maps.
i wonder if it’s the mind control use of HAARP.
We’ve finally reached the point where all news is bad news.
fiscal cliff (as is) = recession = 20% drop
QQQ 70.5 high – 15% = 60..
holy smokes.
62 i’d go long!