Thanks for your thoughts red- always appreciated. Makes/made me look at the market in a completely different way. a possible drop to 1385 is still worth riding on a weekly. I’ll see what the oepen looks like
While all important tops and bottoms aren’t on ritual “eleven” days many are. So the possibility of the FP being hit tomorrow and then rolling over is there… but some how it just feels too me like they will take it down a little first to lure in some bears (maybe 1380-1370 spx) and then push back up next week toward the FP.
If so, then we should top on Monday the 27th (a ritual “eleven” day) by hitting the FP and possibly piercing it a little. The first move down isn’t likely to be the real move. Think of it like they do… there are tons of bears short now as we’ve given them 2 weeks of chop to position themselves.
That’s way too many bears on the train right now. They should tease them a little here with a move down starting tomorrow and carrying into early next week. Then push them off the train with a nice squeeze up to the FP of 1419 spx by Monday the 27th… and then tank for real.
my guess, of we dont hit the fp in the morning, is that we’ll chop back down slightly to get us bears in for the ride. And then have a few nothing days like we just did
I am just going to buy up as many shares of a company that I found, and sit on them. I think they could go to 50-100 a share, and they are only around a buck(slightly less). Its the biggest deal I have ever found, and I have found about 20 big ones over the years.
Thanks for your thoughts red- always appreciated. Makes/made me look at the market in a completely different way. a possible drop to 1385 is still worth riding on a weekly. I’ll see what the oepen looks like
While all important tops and bottoms aren’t on ritual “eleven” days many are. So the possibility of the FP being hit tomorrow and then rolling over is there… but some how it just feels too me like they will take it down a little first to lure in some bears (maybe 1380-1370 spx) and then push back up next week toward the FP.
If so, then we should top on Monday the 27th (a ritual “eleven” day) by hitting the FP and possibly piercing it a little. The first move down isn’t likely to be the real move. Think of it like they do… there are tons of bears short now as we’ve given them 2 weeks of chop to position themselves.
That’s way too many bears on the train right now. They should tease them a little here with a move down starting tomorrow and carrying into early next week. Then push them off the train with a nice squeeze up to the FP of 1419 spx by Monday the 27th… and then tank for real.
my guess, of we dont hit the fp in the morning, is that we’ll chop back down slightly to get us bears in for the ride. And then have a few nothing days like we just did
care to share the company?
i hope there’s a 9/11 #2—just kidding, but it would help a lot! i’m underwater on all my shorts…
I was one of those bears…just found this site a few days ago. Tired of losing money in this market!!
XOM update, plus..
MY spy q2 earnings report, says to short DIA at 134—info is there too!
http://zstock7.com/?p=6791
I am just going to buy up as many shares of a company that I found, and sit on them. I think they could go to 50-100 a share, and they are only around a buck(slightly less). Its the biggest deal I have ever found, and I have found about 20 big ones over the years.
Exactly… just tease us “awake bears” that seen the FP. It’s not time to get heavy short in my opinion yet.
close, butt jut not there…..