This is probably the swing that takes up to new highs above SPX 1250-1260. It's veeeery simple. Repeat after me: "asymmetrical risk." Get it? Got it? good!
not me --- reversed and entered a short at 15:47:07 est with a 1500 Tick chart short signal I had and going into the weekend only made it better --- already covered over half with the run down to 1242.00 just prior to 16:15. I saw the last part of Friday as a gift for a short entry near the end of day.
I've noticed nobody knows what direction this market is moving so everybodys just hoo haaing around Its good I usually always have positions on both sides, that is the correct vehicle to drive.
Nope --- still running down. tough to beat the oil/new hurricane news and we needed to have volume distribution of fridays late day rally.
Market is NOT allowed to go down as per Greenie... you go PPT$$ A month ago if i wouldve told u the fed was gonig to raise for 11th time after new orleans was destroyed by a hurricane, oil had its biggest one day jump ever because of another hurricane on the way.. and ES was less than 10 points from 4 year highs... with gold @ 18 yr highs... would you think normal market? me thinks not..