What's the T day crew ? BTW: we are having a Total Lunar Eclipse today , also known as Blood Moon Eclipse. http://sunearth.gsfc.nasa.gov/eclipse/LEplot/LEplot2001/LE2007Aug28T.GIF Furthermore, several fibonacci time projections were indicating a top for yesterday, in addition to a turning point on the Bradley, so skipping the longs for today can be a good idea.
I figured T day = T uesday... but I subscribe to KISS Back form vacation... for those of you looking for that "pot of gold" here is a pic I took driving back from North Carolina.
We'll likely be in a chop zone until the FOMC minutes is released. And then the market will probably continue going down.
LOL, It didn't do me any good. I had my stop set at 54. It touched it but didn't take me out. It ended up a b/e trade and now I am sitting waiting for a breakout above 250 or below 075
How does that work? I have gotten better fills on stops, ie if my stop on a short position is 1454, I might actually get filled at 1453.75, but if the market squeezes out a 1454 print my stop is executed, no ifs ands or buts, even if 1 lot trades.
Funny you say that. Over the weekend I agreed 100% with your outlook of stronger stocks and weaker Bonds. Sunday night though I noticed a pattern in both NDX and SPX that spooked me. I immediately got short Sunday night and covered at really crap areas today (ES@63). Last week being bullish was the perfect "wise guy" play. One could tell by the end of the weekend that the wiseguys were suddenly the crowd......