Gap down open, right at yesterday's low so no idea if the gap will be filled or not. The bottom line, I think the dollar still has room to up which should put enough pressure on equities. We'll see.
Institutional actions from stocktiming.
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the open. now it's a small gap so chances are good that the gap may get filled and a range day today.
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Guys, 1330 is crucial. Perhaps a beartrap down there by going down to 1328 for a minute or two, but a break below 1330 is a break... Wait for a clear signal.
there's a trend line here in case you haven't noticed.
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Jennyahwu wrote:班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
To trade you have to use your own system. You can pick up bits and pieces from other guys, but the operation itself has to be completely understood and controlled by you.
uempel wrote:Guys, 1330 is crucial. Perhaps a beartrap down there by going down to 1328 for a minute or two, but a break below 1330 is a break... Wait for a clear signal.
SPX1.png
For me 1325 is more critical. That is the 38.2% Fibo of wave 3, that is the distance between 04/17 low and recent high.
Jennyahwu wrote:班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
uempel wrote:Guys, 1330 is crucial. Perhaps a beartrap down there by going down to 1328 for a minute or two, but a break below 1330 is a break... Wait for a clear signal.
SPX1.png
For me 1325 is more critical. That is the 38.2% Fibo of wave 3, that is the distance between 04/17 low and recent high.
The grid on the daily breaks at 1330 - traders/algorithms tend to follow such breaks. No coincidence that neither overnight (minis) nor in trading today 1330 has been broken...
Last edited by uempel on Thu May 12, 2011 11:01 am, edited 2 times in total.
Jennyahwu wrote:班长:你说0.2.1 10Y T-Bill Yield,喊底了=SPX 喊底了。这个信号喊底是相当可靠的。 so does it mean to buy sso? thanks. by the way, your no stop is selling. conflict. I am confused
it's yield or interests in your term. Just consider it's the opposite of the bond price. Usually bond rises stock falls so yield rises stock also rises. Now it's possible that yield is bottomed (just a possibility) so there're chances that the stock is bottomed.
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