Al, you sure like music. I remember Victor Niederhoffer trying to use melodies for his trding. But it ended badly.I prefer your intraday. Very meaningful. And I notice that I have stockcharts SPY realtime (didn't know, as i only use SPX/ES)
little orange neckline revision.. if the pattern plays out, hard to believe...
but if we have a shallow pullback 1230ish... and another fast move... look for 1320 before Christmas
LOL guys!
Yesterday, I thought that the last 30 min before closing were going to be a rally, based on various charts and calculations…I posted this view here but I was wrong. After hours they dropped even lower…as shown on this UPRO chart!
I was awake most of last night…because I sensed that something BIG was happening. There was, however, something that I missed in the timing of the events. Both Hong-Kong and Shanghai closed significantly lower.
Was that because the announcement of lowering the level of “required liquidity” for Chinese banks was released only after those markets closed and nobody knew? Why would the Chinese Gov. make such a move which screwed their own traders and gave a significant time advantage to the Europeans and the Americans?
Your sensing was probably right that something was big gonna happened like France big bank failing and then central bankers came to the rescue.
The Chinese probably got the knife at their throat last night to do something big with US and Europe.
cougar wrote:
BullBear52x wrote:
Al_Dente wrote:
BullBear52x wrote:
Me XMan wrote:What you gonna do BB52X?
??? let the 25% core position run, buy the dip, follow my yellow line, and listen to Dr. Al's tube.
LOL guys!
Yesterday, I thought that the last 30 min before closing were going to be a rally, based on various charts and calculations…I posted this view here but I was wrong. After hours they dropped even lower…as shown on this UPRO chart!
I was awake most of last night…because I sensed that something BIG was happening. There was, however, something that I missed in the timing of the events. Both Hong-Kong and Shanghai closed significantly lower.
Was that because the announcement of lowering the level of “required liquidity” for Chinese banks was released only after those markets closed and nobody knew? Why would the Chinese Gov. make such a move which screwed their own traders and gave a significant time advantage to the Europeans and the Americans?
Consider that this upswing from 1158 might only be for the good-bye kiss. Imagine a fast drop later this week. Luxury sanitariums would have to open up extra rooms for us all. Or Cobra could invite us onto his yacht cruising in the Caribbean, and shrinks and playmates would have to bring us back on track. Am I fantasizing?
Last edited by uempel on Wed Nov 30, 2011 2:21 pm, edited 1 time in total.