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| EKG did CATCH the SWINGS TODAY, & Psych reading for mid day recovery was also good |
150bars @ 11am
Neg enrgy at 11am
Impact stream is too fragmented to publish the chart
Activity index is at a low ebb at the 100 level, not very powerful.
We did see just how good that index is on Monday when it ran up from 66 to over500
and the mkt recovered from its early lows
Jay
4pm- SAME OLD QUESTION -- ARE WE THERE YET ???
16 comments:
Jay
It looks like the buy order of 800million kicked in
Well isn't this something. We've got 70 new shiny DOW points and virtually everything has moved. Have they successfully averted the pull back? Was the week of chop, and yesterdays tiny drop all we get? So far it looks that way. They have pushed the S&P up and over 1333, so it's got room to pick up another 15 points if they'd like. The DOW has no real resistance until the 12,400 level.
I'm going to continue to be wary of this for a day or so.. When you have all the ducks lined up for a powerful correction, and they keep it down to just choppy "flat" for a week.. I have to say I'm impressed. I guess 2 - 8 billion a day in POMO money really is enough to make things happen.
Abdullah, Rrman & Jay
Why dont we play commodities like gold and silver. Anylyze the charts etc and trade those
Reza - I am in SLW, GDX, NGD, BTU and UNG. All with tight trailing stop except for UNG. Every drop in UNG I keep adding to my position.
Also, check on BSGC.OB social media like facebook. For a lousy .027 I took a large position. Waiting on Facebook to go public.
I don't like commods they are manipulated with the pomo stuff and gold and silver same way...i like euro
if /6e gets to 1.3620 I will short and hold until the end of month this is a low risk high reward trade. you can play it with drr which is 2x short euro if you don't play futures
I could add to my SHORT holdings on FAZ, VXX, BGZ - I just need a confirmation first before I do. I am just not sure how high the criminals are willing to take it.
But I know this - the higher it goes the severe downtrend it will be. And it will be sudden and fast.
we were up really big and then "boom" down we came in a hurry. The news was that a couple Iranian warships were going up the Suez canal and Israel suggested it was a provocation. Oil spiked a dollar and the market went from up 70 to up just 18. Then of course they said "what are we crazy? and bought the dip. Now we're up 38 on the DOW.
They had every "excuse" to sell the market, and it's bouncing. I'm trying to stay long with it.
If oil gets spikey again, I will consider going to SU at 43.80
for what its worth bonds hold the key to the markets move.
For what its worth I do believe tomorrow and friday will be negative days
rrman
what is the oppsite of drr
Energy/Power graphs agrees with Futures trader
DOWN next 2 days
Jay
looks like today was a BULL trap
notice the VIX is up in an up market - something going on???
In more normal times, there were fundamental economic rules.
One of those rules said that if the DEBT reached 70% of GDP things were getting grim.
If it hit 90%, you're on the fast track to ruin.
So, what's our debt to GDP soon to be? 103%.
Now let me ask you, are we really going to break a mold that's been formed over centuries concerning Government debt? I don't think so.
Reza i don't think there is one
fxe is 1x long the Euro don't think
there is a 2x long Euro u just have to short drr to go long 2x
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