Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:46 pm
consolidation here generally favors bears, the only problem is no time now.
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01/31/2013 Live Update
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Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:48 pm
It seems uncle Ben is printing more 2 trilion these is just false move down nothing special
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:49 pm
From around the web: $1.6 billion to sell market on close.
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:50 pm
continue down indeed, the problem still is no time now.
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:50 pm
Short term 148 will be a good floor for SPY, I don't think it will fail there. the way it acts today is only painting more of a toppy picture. a pull back is healthy I see nothing wrong but next buy it better hold upJupiter wrote:BB, what's the downside target? Thx.BullBear52x wrote:Bear flag, peace!
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:51 pm
guys, before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:54 pm
breaking news
US Senate votes to approve 3 month suspension of debt limit
US Senate votes to approve 3 month suspension of debt limit
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:58 pm
Bye, close my shorts but have to reopen lol, cya tomorrow.
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 4:59 pm
well, guess that's for today. NFP tomorrow was not very bull friendly recently, however it's the 1st trading day of month which usually is very bull friendly, so don't know. thank you guys, I'll see you tomorrow.
Before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 5:01 pm
Didn't make any money today. Bummer. Daddy No Happy— as my 4yr old would say.
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 5:04 pm
Absolutely correct. It's funny because I remember last year as having met the pattern, but the S&P did miss by 10 points. It just felt like it because but the decline from the May high was over 140 points and very tradeableDenali92 wrote:Market did not come back last year - SPX never traded 1257!
The RUT did come back...
There are a few other years - I need to dig out the info.... it is buried somewhere.
-D
Mr. BachNut wrote:I am planning on it. Very important to keep this on the radar. In one sense, I hope it comes soon because that can be done with a relatively mild corrective move and without serious economic trauma. On the other hand, if the move waits until all the indexes are comfortably above all time highs, it will be a fabulously rich short but potentially also the end of the bull market with a fresh round of economic trouble. Gonna be interesting...Harapa wrote:If by even means that market visited the open of the year during the year, than this has happened in all years since 1996ClarkW wrote:Anyone remember a stat from Bespoke that every year for 8+ years the market has came back to even at some point during the year? They posted it last year around March I think. We all remember May.... More long-term but thought about it...
. I'll keep this in mind if this setup plays out this year.Thank you.
Re: 01/31/2013 Live Update
Posted: Thu Jan 31, 2013 5:05 pm
You will tomorrow though. Good job everybody. Later gator.Xian wrote:Didn't make any money today. Bummer. Daddy No Happy— as my 4yr old would say.