iBankCoin
Joined Nov 11, 2007
1,458 Blog Posts

The Market is Going To Rip

Assuming Libya does not get much worse tomorrow, look for a significant bounce. Today’s high volume doji tells me a reversal is in the works.

Here are 4 great breakouts for tomorrow:

BMO

HSY

PKI

OCR

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10 comments

  1. chivo

    The first of the month is Tuesday, seems probable that the first of the month insanity of the last 6 months will continue

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  2. Woodshedder

    Yep, I’m expecting POMO, oversold, and end of month seasonality to come into play.

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  3. SPYderCrusher

    another interesting metric is that there are 10:1 long ATR reversals vs: short ATR reversals in my scan results today (approx 250 : 25)

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  4. MOOBER

    Shed – hit and run trades or swing? Whatchu planning?

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    • Woodshedder

      You gotta swing before you can hit and run!
      MOOB, all I do is swing. I’m looking for a couple, maybe 3 days of bounce. Perhaps I’m too optimistic.

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  5. Artistic Analysis

    Just an FYI… BMO reports Tuesday 3/1 during the afternoon. (2PM according to ToS)

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  6. checklist

    itd be pretty bad-arse if this worked out…

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  7. checklist

    itd be pretty sweer if this worked out…

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  8. checklist

    be pretty sweetish if this worked out…

    praises sung

    legends writ

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