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TWTTWT wrote:SPX: The internal structure of the current pullback is corrective
I don't see it on my platforms, thanks!KENA wrote:No one has said anything about the P bar at about 11:40 on SPY up to 135.50. (maybe)
isn't it the opening price?KENA wrote:No one has said anything about the P bar at about 11:40 on SPY up to 135.50. (maybe)
my rumor source is pretty reliable. even tho he said moody's to downgrade uk banks at 6:30 london time didn't happen, i still think this rumor is very likely. i think it makes more sense to announce downgrade together after us close. does this mean equity will go down? it's hard to tell. jpm down 3 n is widely expected by the market. as usual, i don't like to trade ahead of major news. i will take the rest of the day off.soku wrote:rumor says uk banks to be downgraded very soon
I think it would point to a green day if indeed the close is at the lows or thereabouts; the TRIN is getting to a high number +2.26 now and a high of +2.60.Petsamo wrote:If we finish at the lows today, I wonder if we gap up tomorrow
For now, I have to disagree. This rally reminded me of last June when $76 billion was tossed to the banks only to see the mkt collapse. I didn't have the HFT running then, but this mkt was CLEARLY put up to the highs by machines. So they made the pattern more complex.TWT wrote:SPX: The internal structure of the current pullback is corrective
Moody's has already stated that they will issue collective rating actions against all the UK and US banks together at the same time. so yes, it makes sense it would happen after our close.soku wrote:my rumor source is pretty reliable. even tho he said moody's to downgrade uk banks at 6:30 london time didn't happen, i still think this rumor is very likely. i think it makes more sense to announce downgrade together after us close. does this mean equity will go down? it's hard to tell. jpm down 3 n is widely expected by the market. as usual, i don't like to trade ahead of major news. i will take the rest of the day off.soku wrote:rumor says uk banks to be downgraded very soon
glta
Cobra wrote:nothing to say, the very 1st rebound should be still likely to fail.
If you missed this late yesterday:Mr. T wrote:No P-Bars Miyagi... not today.
Only good P-Bar is the one which goes to zero....... until I'm long again. Then it doesn't count.
:p
Great point....I never heard it put that way.Mr. T wrote: That's why they're called "retails" = they buy at retail and sell on clearance.