chart of the day

tricky close

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1207950">

 

make the call - will it gap up or down tomorrow?

 

I don't make calls anymore...but let's see:

1) there is an slight uptrend, favoring stocks.
2) bonds rallied today and closed at the highs.
3) the Bund (europe) has room to move higher tommorow morning, so the US 10yr will/may open higher.

If euro-stocks don't rally tommorow (so US gaps up), I would say, it's slightly >50% the breakdown.

What shall I say?... There is nothing to see here. Follow the trend, until it's done.

 

I vote down

 

for the record:

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1209518">

 

Monday's low 1-1.5% down?

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1209545">

 

"Trade what you see, not what you wish"

 

I think that Monday's low was somewhere at -1% after all:

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1214341">

 

This looks like a 0-1-2-3 bottom to me;
very high chances for a powerful move up soon.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1214342">

 

lift off...

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1224776">