Al_Dente wrote:6 day Rorschach http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243099753
one possibly interesting note, not on this chart, this week had more unchanged issues intraday, 144, 122, 149, 167 (this morn),
I don’t usually see so many “undecided” stocks intraday
You might know this already, but unless you make your charts public, if one is not a StockCharts subscriber just a few squiggles show-up.
Facebook maybe doing an IPO next week. They got to keep the market good.
SAN FRANCISCO (MarketWatch) — Facebook may file documents for an initial public offering on Wednesday, eyeing a valuation of $75 billion to $100 billion, the Wall Street Journal reported Friday.
Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role, according to the Journal, which cited an unnamed source. Read more on Facebook at WSJ.com.
Facebook could not immediately be reached for comment.
Cobra wrote:so far fits the plan. now let's see how my 2nd guess turns out.
Cobra, according to your principles, we Earth people always try twice, before the other direction is tested. So do not you think we have to test yesterday's high, before a meaningfull pullback starts?
Al_Dente wrote:6 day Rorschach http://stockcharts.com/h-sc/ui?s=SPY&p= ... =243099753
one possibly interesting note, not on this chart, this week had more unchanged issues intraday, 144, 122, 149, 167 (this morn),
I don’t usually see so many “undecided” stocks intraday
You might know this already, but unless you make your charts public, if one is not a StockCharts subscriber just a few squiggles show-up.
Market seems to be shrugging off all news. I can't see early next week being bad either. Low volatility and complacency is making shorting very challenging.
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With the Facebook IPO frenzy going on today, end of month window redressing for the best Jan in decades, beginning of the month mutual funds coming in, and the presidential election year agenda, bears are against all odds. Bear are meant to suffer. http://wp.me/p269BP-35
I'm with Cobra and TWT, we could be in "B" wave up, next comes, "C" wave down. If you look at the "A" wave we had, that is 148 Dow points, so if c = a, then that could take us down to 12552...????
TraderGirl wrote:I'm with Cobra and TWT, we could be in "B" wave up, next comes, "C" wave down. If you look at the "A" wave we had, that is 148 Dow points, so if c = a, then that could take us down to 12552...????