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as per expectations go I don't expect much movement or volume tomorrow, a dip would not surprise me before a long weekend that any number of global calamities could occur with the Monday market closure leaving so many hanging out to dry
all of my short term signals flashed sell and I really expected a down day today but not to be so I am just sitting and waiting for a new signal now.
you are right the push higher continues, no fear in this market just buy the dips!!! the fed just sounded the all clear by taking the possibility of a rate hike off of the table until September at the soonest and in all reality not even then. no need to do anything different just buy buy buy
would work for me but I don't think we will see too much down going into the long weekend if it was going to dump it would have when it had the chance this morning jmho
fifteen dipped down to touch the 20sma and give a buy signal, the five is continuing with the h/s pattern breaking lower right to the top of support now so it might give a bounce here, but the indicators have been skewed all day so who knows whats coming here LOL
building a big old flag on the fifteen while working off the overbought might see 214 before the day is over, working on a head and shoulders on the five
we are all just too polite while we are being frustrated LOL
not trying to imply you didn't know just making a statement I guess. no matter what the first of the week brings we still get the big move end of week. I thought the same that we might be seeing a shift in patterns
its the same pattern we have seen for the last few weeks as posted by UPB, the only difference is the first of the week was not down much but Thursday and Friday are parabolic
the fed cannot do anything now they have painted themselves into a corner. once they burst this bubble it will be ugly, if they don't burst it it will be ugly. unbelievable to me that these ups are more swift than the downs, a normal market just doesn't work like this
now they are all good again here comes 212 LOL, is it me or does this seem a little too organized to be a market
213.35 the top of the first spike yesterday, are they letting all the friends and family have an opp to exit if they got stuck yesterday????
yesterday after the moon shot they hosed the buyers, today after the big drop yesterday they hose the sellers, cant say its not equal opp hosing LOL Vaseline all around
stopped out, win some lose some but you have to be in it to win it
back to business as usual, oil is stabilizing at a very good price point for everyone consumers and drillers, bonds are being bought once again, the dollar is not making new highs so equities can resume the rise with no fear in sight
I will close it under 212.60
sell candle on the five right here 213 puts at 66
ok, talk to you all tomorrow!!
don't feed the bears they used to say! but a good debate is enjoyable imo
glty!!!
I am not searching for a scheme I already have a trading program that works just fine for me, I come in here to chat with like minded people. it is very hard to find people in the real world that enjoy talking about trading and tech analysis. if you are looking for someone to guide you check out stocktwits there are some great traders and charts there.
LMAO very good points!! a free chat room at that!!!
and the ones that seem to be calling out others for rhetoric or for calling the market in one direction or the other are the ones that keep stirring things up, its like claiming police brutality after you punch a cop and he punches back harder.
exactly they are more of a self fulfilling thing when they are current as most technicians acknowledge them but after a few days they don't seem to carry the weight they once did, but once again that is just my opinion
I use options express for quotes and think or swim platform for charts
none of that matters, if you read my posts about technical analysis and find them interesting fine, if you think they are wrong and want to point out my flaws fine too it makes us all better. but what do you gain by chastising me for being short this market when it is my money?
I don't pay much attention to it either but this is flat out dump very odd for this market
someone dumping
212.25 now did something happen?
I use e-option cheapest I have found 3.50 plus .10 per contract each side. 10 contracts 9.00 round trip
212.53 a/h print, futures market just reopened
why does it bother you so bad? its our money if we want to trade this way we can, you have every right to your opinion and I appreciate the input but why do you feel the need to chastise anyone that doesn't agree with your trading plan? we are all in this game together throw out your ideas for discussion and leave it at that but what do I know
im not too sure about that, don't put too much into gap fills that are more than a few days old but that is just me
even a broken clock is right twice a day LOL, sometimes its good to get lucky
I would take that also
first real test coming will be 211.10 area, that channel it took so long to break out of, we will see how much the bulls still like it when it is on their plate again. I would love to see it tomorrow though!
is it real or is it Memorex???
a/d line didn't go parabolic with it, don't really know what to think in here, guess I will just wait for more data like the fed LOL
213.35 first spike should provide support if this is real
me neither, don't really see why this big of a reaction except shorts forced cover maybe?? but typically the first bot reaction is the wrong way so if this comes back down it will be equally as big LOL