Not looking good for the market gang. One thing I got right was that the gangsters are masters at tricking the sheep. LOL. So Legatus is accurate it seems, but I’m still not sure why they started today instead of next Tuesday?
Assuming the world doesn’t end over the weekend I’d think we’d see some type of bounce on Monday and/or Tuesday. At this point I’m certainly not getting short and chasing this market down.
I missed out on calling the top yesterday but there’s still more downside to come. Remember that the May 1st sell off lasted 13 days… this is only the first day. So I will angerily sit on my hands today and kick myself Saturday and Sunday for not catching this…
I’m thinking that the bounce will come from the retail sheep that think Bernanke will save us with QE4 after the FOMC meeting this coming 23rd and 24th. The people selling today are obviously the insiders that know the outcome of the meeting.
going to wait until monday and hope for a small pop up, or the sell off to start a bit more slowly. That should make the puts at ;east a bit cheaper then the current rate
Very true Anthony… only Legatus was accurate this time. The insiders are selling ahead of the FOMC meeting. So what will Bernanke say? Interest rate rises?
Apple closed at 609.98 -22.66, back at the lower BB……SP was down 1.66%
“long and strong” or mssive sell off…… time will tell
You get my email?
Long and strong. What else? The table is set.
WashBoardStocks… you out there? What say you?
Not looking good for the market gang. One thing I got right was that the gangsters are masters at tricking the sheep. LOL. So Legatus is accurate it seems, but I’m still not sure why they started today instead of next Tuesday?
Assuming the world doesn’t end over the weekend I’d think we’d see some type of bounce on Monday and/or Tuesday. At this point I’m certainly not getting short and chasing this market down.
I missed out on calling the top yesterday but there’s still more downside to come. Remember that the May 1st sell off lasted 13 days… this is only the first day. So I will angerily sit on my hands today and kick myself Saturday and Sunday for not catching this…
I’m thinking that the bounce will come from the retail sheep that think Bernanke will save us with QE4 after the FOMC meeting this coming 23rd and 24th. The people selling today are obviously the insiders that know the outcome of the meeting.
ES Support levels: http://niftychartsandpatterns.blogspot.in/2012/10/es-support-levels.html
Yes, at this point you have to wait as the decay over the weekend would eat some of you profits and kill you if it bounces hard.
going to wait until monday and hope for a small pop up, or the sell off to start a bit more slowly. That should make the puts at ;east a bit cheaper then the current rate
Very true Anthony… only Legatus was accurate this time. The insiders are selling ahead of the FOMC meeting. So what will Bernanke say? Interest rate rises?