At 3:20pm, which is about 3 minutes from now, the BUY program should kick into hyper-drive and blast off to the moon with no pause in between until the close.
If we do start to rocket upwards at 3:20pm, I will take profits on the other half of my TVIX positions and move into all cash.
still looks like a descending triangle. bears really need hold the buy program here...
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never ever underestimate the power of bull side. yes they can!
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Cobra wrote:the program really is trying hard. for bears, as long as the price could consolidate here instead of a sharp reversal, there's a hope.
This buy program actually started a little early today. Keep in mind that grains, precious metals, copper and a host of other commodities have bee taken out back and shot. Couple that with the fact that some of the MoMo stocks have now been put on a kill list and this looks like a major trend change. It is time for the U.S. markets to start and play catch up with the world. There is no question that there is manipulated buying at significant price points, but outside markets should make the difference. This looks a lot like 1987 on Friday the 16th.
Cobra wrote:the program really is trying hard. for bears, as long as the price could consolidate here instead of a sharp reversal, there's a hope.
This buy program actually started a little early today. Keep in mind that grains, precious metals, copper and a host of other commodities have bee taken out back and shot. Couple that with the fact that some of the MoMo stocks have now been put on a kill list and this looks like a major trend change. It is time for the U.S. markets to start and play catch up with the world. There is no question that there is manipulated buying at significant price points, but outside markets should make the difference. This looks a lot like 1987 on Friday the 16th.
Margin calls start in 5 minutes should be a doozy of a day.
the more test the harder for bulls to hold. the buy program just gave up, let's see who left defending the line!
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