Tuesday, April 28, 2009 5:33:08 PM
** SPY Chart: 0428 - bull trap city
SPY is forming a pennant on the 60-min, full of bull traps.
The recipe goes something like this:
1. Tank futures the night before
2. Gap down, then start buying like mad
3. Retarded bulls rush in and buy up stock from Goldman boyz
4. Tank market EOD
5. Rinse and repeat
That's forming our pennant. SPY is rolling over ever so slowly - like watching paint dry. So I've decided to post NIKKEI instead.
NIKKEI may be the proverbial "canary in the coal mine".
As in, it ran with us since March 9, and is now tanking hard.
Maybe Goldman Sachs boys forgot to prop that one up too? LOL
SPY is forming a pennant on the 60-min, full of bull traps.
The recipe goes something like this:
1. Tank futures the night before
2. Gap down, then start buying like mad
3. Retarded bulls rush in and buy up stock from Goldman boyz
4. Tank market EOD
5. Rinse and repeat
That's forming our pennant. SPY is rolling over ever so slowly - like watching paint dry. So I've decided to post NIKKEI instead.
NIKKEI may be the proverbial "canary in the coal mine".
As in, it ran with us since March 9, and is now tanking hard.
Maybe Goldman Sachs boys forgot to prop that one up too? LOL
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