Tomorrow does not look good. It may be the day our friend Mr. DevilDog wins for good. The fact the SPY sliced & closed right though it’s 50 day is BEARISH. I don’t care about AMZN. We will not rally without the financials, and they are DONE after tonight’s news.
I plan on selling my longs in the am, and will look to buy my favorite inverse ETFs (SRS), (FAZ), (TZA) & (FXP).
Results for last night’s poll:
iBC Poll
| Bullish or Bearish? [178 votes total] | |
| Bull (68) | |
| Bear (110) | |
Any close below 84.37 tomorrow will be a buy signal for a quick bounce on Monday according to the 357MA.
I’m still bearish short and long term.
Keep those stats coming to me, brings me back to my QMET classes.
I just posted a SPY stretch algo over on Wood’s last post.
Back to the Chi Tests
Futures perking up a bit. I hope we get a strong open so I can dump a few longs.
Bad Bank link: http://www.cnbc.com/id/15840232?video=1017154189&play=1
RC–you have the voice of reason once again.
Cuervo–you’re such a friggin’ scientist. Cracks me up. Keep up the good work, Professor.
How about shorting AAPL or RIMM here?
AAPL could be a decent short (bounced down from the top side of the descending triangle that started at the end of September).
AMZN below $47.50 would look good for a further 10 point drop as well.
Hi RaginCajun !
I think after the GDP numbers the market will go down, but swells and the moons telling me that the market will rally monday and tuesday next week !
We are still in the new moon cycle and the full moon is 9. february which means shorting from there.
New moon was 26. January which means going long
What do you think?
Another thing Raging Cajun.
Please join mIRC othernet on the channel #DayTraders
Perfect channel for daytraders or swingtraders. Then you can post your oppinions and trades in there as many others.
DXO any thoughts???
RC, if the market turns, RIMM could get strong again.
Whaddaya think?
BAX is pretty impressive lately too..
Love EGO here, DXO is also good.