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....
I think my ULTIMATE goal would be to conference with other traders where 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 trick
WHen conferencing, we can look at various parameters thus maximizing all our skills at each juncutre
This would have to be comprised of like minds with the same goal And NO one would be involved with an EGO.
IT would be a SIMPLE biz arrangement between 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.
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....
ReplyDeleteBuying large short here.
ReplyDeleteLate day plunge
Kirk, I tend to agree with RICK
ReplyDeleteLate day should sell off
Jay
Today's EKG shows a SIMPLE
ReplyDeletePATTERN
Up , then DOWN
Energy was strong till 11:07, but the mkt held its own till 11;35
9;45 was 30bars due at 10am
60bars due at 12;30
90bars due at 3pm
energy turns sour after 3pm, but cycles might pull down prior as above bars pivot
3pm , of course is a daily turn, and thats why we see quite frequent lows at 3pm, with last hour rallies
BUT NOT TODAY
On Occasion we get a 329 bar cycle pivot which might have occurred at
ReplyDelete1;10 pm today
yesterday's 258bars did make a dip at 2pm, HOWEVER, the DAY DID close lower thus leading into the 329bar cycle pivot today
This DOWNTREND ShOULD CONTINUE till next Thursday
Jay
I think my ULTIMATE goal would be to conference with other traders
ReplyDeletewhere 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 trick
WHen conferencing, we can look at various parameters thus maximizing all our skills at each juncutre
This would have to be comprised of like minds with the same goal
And NO one would be involved with an EGO.
IT would be a SIMPLE biz arrangement between traders
Jay
Jay
Jay,
ReplyDeleteWhat does Monday look like
rrman,
ReplyDeleteWhen is the new moon, is it this weekend
Reza its the 30th
ReplyDeleteJay,
ReplyDeleteMay 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 blogroll
http://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
ReplyDeleteWednesday 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.
ReplyDeleteThe 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 SUNDOWN
ReplyDeleteOK Reza
we'll try it
Ive got a chat room with my Yahoo
group, but it only works if there are people to chat with
And the members have to agree to discuss the mkt, not personalities
of other remarks
Jay
got to check my typing
ReplyDeletePAssover doesnt begin
till SUNDOWN
Jay
as far as CHAT
ReplyDeletewe would have to setup specific times of the day when it would be availble for group participation
Jay
Jay,
ReplyDeleteChatroll 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
ReplyDeleteFor Jewish traders and those who practise Judaism, no work is permitted on March 30,31, April 5,6.
ReplyDeleteFor 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!
ReplyDeleteWay too many bears out there making their voices heard. Nobody is bullish. The insecure and fearful are always the loudest.
Your article serves as a reference.
ReplyDeleteまた訪問させていただきます。
...my blog:
http://forex-chart-analysis-and-a-cat.blogspot.com/