Well we have 1hour17minutes left for me to change my mind. Huge Gap then flat, with a sharp eod tailing down will put me back in a bear suit. Right now i am stark naked:) Max
Market can be cruel:) I got a no decision on close. Here is it's 60-min COMPX, and it is mixed MACD pointing to up to zero and RSI pointing down towards 50. http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[e,a]eaclyyay[pc5!c8!c13!c20][vc60][iub14!la12,.... Now to psychological side and, of course, that being 9/11. Gut feeling only, market will have about 2 weeks grace on this event. will people sell off on fear of Al Queda having some diabolical plan to do a terror event on 9/11. I think no. And assumming 9/11 goes by without a bad event happening the market could get another good week.(and then warning seaon starts, no?) This is based on my firm belief the market is never rational nor efficient and feel the FAD theory amongst the economic "ivory tower" thinkers that the market is rational/efficient will die in the years ahead. Efficient market theorists should be punished by having to eat every page Robert Shiller has ever published:) There be few things more laughable than seeing a bunch of economic academics jumping on some FAD theory and then listen to them defending themselves when it blows apart.Max
just checked link and see that once again my links are sending back the WRONG chart--sorry about that---that is a 60-min chart but NOT the one is worked on--frustrating--
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