Now Friday is gonna be tricky. Do you buy the weekend or wait it out. I am not buying unless we get the morning selloff and the afternoon rally. One day plus or minus July 6th is my target. If the sell-off hits hard tomorrow am then load up at 11:45 am EST otherwise watch the afternoon into the close and buy pre-market (8:30am EST) Tuesday Just guessing but we're reaching a short to medium term turning point.
04-23-10 04:25 PM Strength. Everytime there is selling the sentiment swings so quickly and the bulls so strong it feeds on itself. Slow grind higher. It's weakening but ever so slowly. 04-26-10 12:22 AM the chart indicates that there is buying pressure until the end of may May 6th Selloff 04-17-10 08:25 PM Bottom call July 6th at 8:30 am eastern Standard time All on record here...
Trading Alert!!! Jack Hershey Says: "THE Bottom is IN!" !! " " http://www.elitetrader.com/vb/showthread.php?s=&postid=2886468#post2886468
Could you guys tell us what the trading blogs are saying in relation to market direction? Try to focus on conclusions: 1) go short, 2) Go long, 3) cover shorts, 4) take losses on longs. Shortie: we start with you since you have brought a disaster in your first post from a blog that bombed it. Push ups punishment for you! Update: we have only 30 minutes left. Be quick guys before the close, or an eventual move.
don't know what the consensus is in the blogosphere. the blog i quoted is usually quite good but was too early this time. nitro is also too early this time with his NFV showing a giant divergency for several days now. riskfreetrading wrote to cover shorts yesterday EOD: http://financialtraders.blogspot.com/ it is a tough market to time