I just woke up to find the futures in the red like whoa. I’m not sure if the bulls can take this stress. Are you one of the a-hole dip buyers buying in a downtrend? I am ready to do some serious damage today while you go around selling your shit.
Key levels: 812 –> 805 –> 800, 838 (resistance)
Also note triangle in 5, 10 day charts. It will break immediately at the open.
Have a nice day.
I took a look at the 3xETF’s P+F charts. All I can say is the fun stopped at that point. I am waiting for capitulation to put money to work. Got out of DXO 1hr after I got in. Still looking for a good entry.
CA
Thank you again …
Thanks – Look like we’re still stuck. This market’s like stepping in dog doo. You can never get it all off, and it stinks like hell.
Do we finally start to make next leg down today or will Obama find a reason to speak?
And I quote “sounds 50/50 to me.”
You’re so right. O.k., so I was able to spot the triangle on my own, but my mistake, I think, was leaning towards a bullish bias.
You decided to simply spot the triangle, and let the market tell you where to go on the break…
I was able to stop myself from jumping in for the last week or so, based on negative technicals, but really, I should have overcome my bullish bias and shorted the damn thing!
Thanks for the help!
I’m starting to notice how angry the bears are getting. And with good reason. It’s shit out there and the stocks just won’t stay down. They can’t make any money.
Well, fuck you, that’s your problem. I’m an asshole dip buyer. I’m on the right side of the trade.
I think your post was read yesterday on Fast Money by Carter Worth………..
I am an asshole dip buyer.
Picked up DRYS/$10.76 & $11.02 and DXO/$2.56 & $2.70.
SPX/DJIA/COMP all broke out of their intraday range.
No shit Sherlock!!
Si, Senor, theese markeets are goeeng higher. Arrive! Arriva! Arriva!
Rut row, scooby…is this turning into an end-of-day rat trap for longs?
There’s a trap every, single day
I wonder how much money just got swallowed up in the last hour.
It felt like this could have been a real break-out rally.
CNBC Alert says: “Stocks Erase Losses”
Don’t they mean “Gains?”
new moon over the weekend and a solar eclipse… looking for a direction to establish itself. Consolidating above the lows means building cause to jump the creek to the downside or to make trax for the upper end of the consolidation.
The wickedst thing the market could do to fool the most amount of people would be to have a false break lower followed by a quick reversal. That should burn bulls and bears. Follow the volume and that should be a big tell for direction.
MSFT and GE breaking to new lows the British banks imploding crude bubbling lower and the bears can’t gain firm cointrol…..well lets see if the Grizzlies come out in force Monday.
AB
Price Volume and Time these are the truths all the rest is lies damn lies