InvestorsHub Logo
Followers 10
Posts 1272
Boards Moderated 0
Alias Born 05/19/2009

Re: None

Wednesday, 05/23/2012 6:02:18 PM

Wednesday, May 23, 2012 6:02:18 PM

Post# of 119177
With the Golden Cross being so close, I anticipate a small gap up at the open tomorrow. As soon as the market closed, that GTC etrade MM offer of 34 cancelled and the next MM up is 38.

I honestly believe whoever that seller is will wake up, read some boards and realize he/she is leaving money on the table and will not put that offer back.

As you can see from the last 5-10 days, there has been no real selling of anykind and seems like the total 10 day ratio during this run up has been in excess of 10 buys per 1 sale which is incredible.

So to sum this up, anticipate and expect that ask to be in the 36-37 range when we open tomorrow UNLESS we get news tonight or tomorrow before the open which would eliminate that prediction and predict a much higher ask.

Sleep well and hope all Longs have a good evening.