Crash mode intact if they cannot push it above prev week close by Friday close. It is very very difficult because we are talking about high 80s. If mkt cannot snap out of crash mode, expect at least a retest of year low Sunday/Monday. Of course, PPT will be revived from dead (as declared by the Fed itself yesterday) to save the day then. I prefer trading normal mkt environment any day over chaos.
I don't think we will see 1180 tomorrow. When I look into my crystal ball, I'm seeing the computers pump us back up to 1160s and then a flop back down near today's close. Then I'll see you guys back at 1100-1110 on Monday. What do you say? I will be getting up EARLY to trade the pre-market. Cheers, Bryant The "High-Tech" Redneck from Alabama
It used to be peanuts. Wasn't it UBS' Chairman that caused international tax law redaction there playing cute with his greed? I wouldn't hold 10 mil there. Which is why I guess they're being bailed out. It's funny really. When condors can't grab their passports and wire from their accounts I guess martial law will do. 100 years it took to see the results of the campaign against Lee New York Senators pushed to print money that wasn't backed. It's instant now. War doesn't work. Numbers don't work. Law doesn't work. Until they get away with it I guess.
yes--I was too. The reference to no signal on any chart meant that --like 1 minute , 3 minute , 5 minute.
Me too brotha. Not in any trades though. Guess Ill wait for tomorrow. But, it will probably go 30pts up overnight and Ill miss my entry. Until tomorrow.
1210 area is showing significant resistance. --been tagged twice. --Will look to put a stop outside of that area soon. Not ready yet--I need some more info, hopefully in the several days. One of my two stop systems is already pointing to that area and the other is beginning to.
I am not trading intraday, so I am ignoring the 15 min long signal that currently exists. There is potential to bounce here based on the 15 and the 60 carries a minor signal, but it would not be strong enough for me here. If I'm wrong- I'm wrong.