Sunday, June 02, 2013 1:27:46 PM
Was a nasty close, but if you saw the market in 2008-2009, fridays action was nothing. Heck, the bottom when i turned from Bear to Bull in Oct 2011, we swung 107.43 to 112.58 in the last 30 minutes of trading over 5pts move where Friday we were at 164.60 at 3:30 and closed at 163.45(163.13 lod) or a 1.5 pt move.
Not even close to epic but we shall see.
The may 22nd action when Big Ben spoke was more volatile then friday with a 4pt swing as well.
I know you have been saying be ready for sometime... and like UPB said, and i agree with, this is a house of cards... but folks been saying that for the past 5 years..
We shall see if this is the tipping point.
Go check GOLD and Silver... continued to stay down big even with the big close.. meaning the EOD sell-off was less about fear and more about folks taking month end profits, re-balancing of etf's, and clowns buying the OMEN fear..
I, along with many others, will be anxiously waiting to see where the futures open...
'Bets of luck to you and keep it coming rory!
Not even close to epic but we shall see.
The may 22nd action when Big Ben spoke was more volatile then friday with a 4pt swing as well.
I know you have been saying be ready for sometime... and like UPB said, and i agree with, this is a house of cards... but folks been saying that for the past 5 years..
We shall see if this is the tipping point.
Go check GOLD and Silver... continued to stay down big even with the big close.. meaning the EOD sell-off was less about fear and more about folks taking month end profits, re-balancing of etf's, and clowns buying the OMEN fear..
I, along with many others, will be anxiously waiting to see where the futures open...
'Bets of luck to you and keep it coming rory!
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