ugly black candlesticks on apple and the q's and many others. Could be marking a top...although bears will have to earn their money and navigate retrace after retrace.
cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!
Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.
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A few points away and Russell should be ready for the real shorting. See chart. The big boys are playing this rally for all it is worth. Check out the Aroon and the bouncing around at this top. NOTE: You can see divergence on this chart. MACD and Stochastics moving down, with prices moving up.
The sharks are cashing in at these price levels before the EOD here. This is a straight up, take-profit / sell program initiated near the close to rip the face off late bull-comers.
Then, when we correct and everybody turns bearish again, they will do the same and launch their nasty buy programs near the end of the day to rip the face off late bear-comers.
This will continue on, with an upside bias in the intermediate term, until he music stops and the fundamentals (rotting financial system loaded with private and public debt burden) rears its ugly head.
When that happens, it'll be game over and we will challenge the March 2009 lows. Could take a month or two. But until then, we are in JBTFD mode.
Cobra wrote:cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!
Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.
great tweets!
avatar comes out nicely in tweetdeck!
Cobra wrote:cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!
Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.
BullTart wrote:The sharks are cashing in at these price levels before the EOD here. This is a straight up, take-profit / sell program initiated near the close to rip the face off late bull-comers.
Then, when we correct and everybody turns bearish again, they will do the same and launch their nasty buy programs near the end of the day to rip the face off late bear-comers.
This will continue on, with an upside bias in the intermediate term, until he music stops and the fundamentals (rotting financial system loaded with private and public debt burden) rears its ugly head.
When that happens, it'll be game over and we will challenge the March 2009 lows. Could take a month or two. But until then, we are in JBTFD mode.
Thanks for the update bulltart, I appreciate it. You think tvix will go up again tomorrow?
Cobra wrote:cannot believe bulls cannot even hold to close but at least my 2 legged pullback call is right. First day on Twitter, gladly I made most right calls. I don't know if we continue pullback tomorrow, but the big picture still it's rare we just had a one legged up, so don't expect bulls to easily give up. We'll see. Thank you guys, I'll see you tomorrow. I'm excited to be on Twitter!
Oh, it's a little overshot here, so probably a rebound of some kind here if not because the market is about to close.
As usual, you ARE the man, Cobra! You are right a majority of the time. Simply amazing. Thanks for your awesome site ... and your market prescience.