no conclusion today, need see tomorrow. daily chart is another reversal bar, so still bulls are not over yet.
Hi, Wasn't today's daily black bar reversal (open high/close low, w/higher close than previous day) BEARISH?? So bad news for bulls, right? Thanks, Bert
black bar means reversal but it depends on where it locates:
Black bar on swing top implies a potential reversal down therefore is bearish.
Black bar on swing low implies a potential reversal up therefore is bullish.
So today's black bar cannot be interpreted as bearish.
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Financials look like they might get beat up tomorrow, but who knows what jupiter will do with that, we could still bounce, but then another down next week. Was looking at XLF, and it looks like we are nearing Fib support, looks similar to last year so far... just don't think we are going to get the massive correction we did last year, think we are going to get new highs into Q1 of 2013, then down we go!!
garygld wrote:So, if I am understanding you correctly, you are saying that the volatility of AAPL, for instance, is possibly/definitely a result of HFT?
"This mkt now ONLY moves during the day when machines see orders and rape them."
Whose orders do the machines (computers?) see? My orders? Individuals with a brokerage account who trade? I want to know if I am supporting this and legality is not my question.
150 yrs ago, Thoreau stopped paying his taxes because he did not want to support a government which acted contrary to his beliefs. He went to jail. I am not willing to do that.
garygld wrote:So, if I am understanding you correctly, you are saying that the volatility of AAPL, for instance, is possibly/definitely a result of HFT?
"This mkt now ONLY moves during the day when machines see orders and rape them."
Whose orders do the machines (computers?) see? My orders? Individuals with a brokerage account who trade? I want to know if I am supporting this and legality is not my question.
150 yrs ago, Thoreau stopped paying his taxes because he did not want to support a government which acted contrary to his beliefs. He went to jail. I am not willing to do that.
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
TraderGirl wrote:Does anyone know of any news or event on Monday or Tuesday next week that would affect the markets? Up or down?? Or even over the weekend?