Spooz Top
Registered: May 2006
Posts: 2033 |
11-12-07 11:50 PM
bear market characteristics all the way.......quick rips met by sellers offering it down.
complete reversal of a bull market characteristics.
just a side note....the last 2 sessions in the last 30 min of trading.....we sold off a total of 40 handles in a 1 hour span.
fri...3:30......78.50 down to 54.50
mon...3:30.....54.50.....to 38.50
picked up exactly at the friday close...54.50 at 3:30 today to resume another 20 handle dump.
3:30 is a time frame that should be monitored for a big move this week.
maintaining bearish bias in the short,mid & long term......beginings of a Big Bear & a repeat of the miserable `70`s stagflation period in time with a beat up USD.
i prefer trading a bear over a bull anytime as i tend to see the moves formulate a bit better.
SPX daily TL sitting at 1402............Looooonng way down from here............the bigger the lift...the bigger the gift.
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