I sense a rally in the market

this is it....

 

Yes, I have created a video few months back on the pattern I see on the $SPX monthly chart and why I expect to see "highs" in October.... Check it out: http://youtu.be/O9YyZ8yruBs

 

oops..

 

RSI for the major indices are at or below 20. Dow down 11 out of 12 days.

Look for a decent rally tomorrow.

Plus its Facebook day so euphoria should lift the market.

I'm in LNKD at 105. Looking to get out at 110.

Europe, plz do not pick tonight to blow up. Thank you.

 

Never trade on something you "sense" will happen. That is basically saying I "hope" we will go up

 

people are panicking.


sell! sell! sell!

 

use the force.

trade based on the force.

 

Soros sells when he senses his back ache. No joke.

Incidentally, he uses technical analysis.

 

What a clusterf*ck that FB IPO opening was.

I had a chance to dump LNKD at 109 but held out for my 110 target since FB hadn't opened yet. Bad idea. FB clusterf*ck was late so killed all the momentum. Then the order handling screwed up trade balance forcing price to go to 38. The weakening price seemed to scare the market. Slammed LNKD and others like ZNGA.

Tried to get more LNKD at 96-97 for the bounce but tried to do it in my ScottTrade account. Couldn't log in and by that time, price had recovered.

Holding LNKD for a few days. I liked how strongly it rebounded.