Yes, and since the 27th is a Monday I tend to think that they will put the high in on that date instead of the 29th (Wednesday). I’ve just noticed from the past that Monday’s and Friday’s seem to be a more important turn dates then the middle of the week.
Yeah, looked at historical charts for the last few years and haven’t come across anything significant on “20 days”… All we have left for this month is the 27th, and the 29th is a daily
flat…. bought a 139 put at the close… Thinking they pullback to tht 1385 area before having another run up to the FP. After that, there will be a lot of money to be made. Finally.
Oops… meant to put up the 8th (market closed though), 17th, and 26th… not the 6th and 24th. Those are “20” days and I haven’t noticed them being too important in the stock market. I’m looking for “22” days as they seem too be important for turns.
They sure could Anthony. Until that FP is hit I wouldn’t get too excited on the sell off. I seen this before in the past where I thought they were “close enough” to the FP (so I shorted heavily) only to see a small dip followed by a move up to hit the FP and go slightly past it… and then the big move down happened!
Why does it not surprise me that they take the market up close to the FP of 1419 spx but not hit it? Because they love to trick the bears into getting short before the real move down happens. Same crap, different day.
This tells me that we could (and certainly should) sell off a little over the next few days. The daily chart now has a nice topping tail forming, but of course the day isn’t over with yet. Still… if it does close around here (or lower) then I’d expect a small pullback for several days before attempting another move higher.
So if we do indeed put in a topping close today then a move down for several days is likely. But don’t get too caught up into thinking it’s “the big one” as until that 1419 FP is hit I would be too excited on the bear side.
Happy Birthday Timmmy T……………………..!!!!!!!!!!!!!!!!!!!!!!
Yahoo with a front page article that seem to be non birthday related.
May you win your over-hyped non-existent camp battle with the Sanchize #6 or #15+ #6 for 26(66) or ……………..15 means 555 or 35 or 8 so 86???????
Yes, and since the 27th is a Monday I tend to think that they will put the high in on that date instead of the 29th (Wednesday). I’ve just noticed from the past that Monday’s and Friday’s seem to be a more important turn dates then the middle of the week.
Yeah, looked at historical charts for the last few years and haven’t come across anything significant on “20 days”… All we have left for this month is the 27th, and the 29th is a daily
flat…. bought a 139 put at the close… Thinking they pullback to tht 1385 area before having another run up to the FP. After that, there will be a lot of money to be made. Finally.
Oops… meant to put up the 8th (market closed though), 17th, and 26th… not the 6th and 24th. Those are “20” days and I haven’t noticed them being too important in the stock market. I’m looking for “22” days as they seem too be important for turns.
I see 2 ritual “eleven” days for the month of September… the 6th and the 24th!
The ES target….
http://screencast.com/t/ou1d7DQPlw
They sure could Anthony. Until that FP is hit I wouldn’t get too excited on the sell off. I seen this before in the past where I thought they were “close enough” to the FP (so I shorted heavily) only to see a small dip followed by a move up to hit the FP and go slightly past it… and then the big move down happened!
Damn. They could really drag this out until the 27th. If so, to get to that possible 1065 low, it’s going to be ugly
Why does it not surprise me that they take the market up close to the FP of 1419 spx but not hit it? Because they love to trick the bears into getting short before the real move down happens. Same crap, different day.
This tells me that we could (and certainly should) sell off a little over the next few days. The daily chart now has a nice topping tail forming, but of course the day isn’t over with yet. Still… if it does close around here (or lower) then I’d expect a small pullback for several days before attempting another move higher.
So if we do indeed put in a topping close today then a move down for several days is likely. But don’t get too caught up into thinking it’s “the big one” as until that 1419 FP is hit I would be too excited on the bear side.