soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.
just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me
the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.
i know of several futures traders that won't trade on Fridays
Friday's volume can be light and jumpy...
the market's goal is to distribute the wealth of many to as few hands as possible
soku wrote:rumor says michigan will be good. market is pricing it in.
let the bulls run. no guts to hunt now.
just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me
the pull back is very small, but there is still some damage. now the 1214.5 peak seems very top heavy.
this month is quite balanced. i don't expect killing event from either side. in short, today doesn't seems to be a fun day to me. calling today off. see you monday.
I seriously envy this kind of ability. If not comfortable, call the day off. I am still learning.
Waiting for SPX at 1228, but now it has tanked below DMA 377 (now at 1214) and I'm just watching and hoping there will be another run for a higher high so that I can short
let's see if another morning weakness being bought. this is the 4th time if so.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Cobra wrote:let's see if another morning weakness being bought. this is the 4th time if so.
I am watching it closely.
Sounds the party is over. SPY and FAS drop like stone.
Those 2 years, I learnt 1 thing after Ben spent 2T dollars: never ever underestimate power of the bull side.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
SPX target based on AB=CD pattern (drawn in gold) and may be reached by next Wednesday. The target point (D) is where the down gold line meets the bottom line of the purple channel.
Last edited by 99er on Fri Sep 16, 2011 10:51 am, edited 2 times in total.