Sooooo.....Jay! Monday will be a bad day for the market? What about TODAY (FRIDAY)? I am buyying QID and SPXU up here, thinking this is it for the day....
Buying large short here.Late day plunge
Kirk, I tend to agree with RICKLate day should sell offJay
Today's EKG shows a SIMPLEPATTERNUp , then DOWNEnergy was strong till 11:07, but the mkt held its own till 11;359;45 was 30bars due at 10am60bars due at 12;3090bars due at 3pmenergy turns sour after 3pm, but cycles might pull down prior as above bars pivot3pm , of course is a daily turn, and thats why we see quite frequent lows at 3pm, with last hour ralliesBUT NOT TODAY
On Occasion we get a 329 bar cycle pivot which might have occurred at1;10 pm todayyesterday's 258bars did make a dip at 2pm, HOWEVER, the DAY DID close lower thus leading into the 329bar cycle pivot todayThis DOWNTREND ShOULD CONTINUE till next ThursdayJay
I think my ULTIMATE goal would be to conference with other traderswhere we can look at ALL the data, and hash out what options are open to take advantage of direction.Emails & blogs dont seem to be doing the trickWHen conferencing, we can look at various parameters thus maximizing all our skills at each juncutreThis would have to be comprised of like minds with the same goalAnd NO one would be involved with an EGO.IT would be a SIMPLE biz arrangement between tradersJay Jay
Jay,What does Monday look like
rrman,When is the new moon, is it this weekend
Reza its the 30th
Jay,May be you can create a live blog chat, so we can discuss.One of those can be this one. Make sure you invite me to the blogrollhttp://blog.chatroll.com/how-to/add-a-blog-chat-room-in-3-easy-steps
Monday is Passover so volume might be low without the Jewish traders
Wednesday is Quarter end so the kids should attempt to paint the tape implying to me the next leg down will be after Wednesday. That said, I see no reason for Monday/Tuesday to at least test the 1150 area before a bounce back up into Wednesday.The next full moon is the 29th and the new moon on 4/14.The real key right now is ObamaCare is going to knock 10%+++ off of corporate earnings this year and the market is going to have to consider that impact.
Passover doesnt being till SUNDOWNOK Rezawe'll try itIve got a chat room with my Yahoogroup, but it only works if there are people to chat withAnd the members have to agree to discuss the mkt, not personalitiesof other remarksJay
got to check my typingPAssover doesnt begintill SUNDOWNJay
as far as CHATwe would have to setup specific times of the day when it would be availble for group participationJay
Jay,Chatroll is good, but can go down or slow down at times.
but don't the Jewish traders take Monday off even if it is at sundown
For Jewish traders and those who practise Judaism, no work is permitted on March 30,31, April 5,6.For secular Jews outside Israel, it's business as usual and they won't be taking prisoners as is the norm.
It's 20 days up from here!Way too many bears out there making their voices heard. Nobody is bullish. The insecure and fearful are always the loudest.
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