Replies to post #447 on The Black Box

[augieboo]

Well, good luck to us all!

[Huluriasquias]

These coming 2 weeks are going to be "interesting times". (In the sense of the old chinese curse <ng>)

FWIW my system gave me a "green" signal for tomorrow, (first green in a while) but I overruled it, (considering that the greatest risk is still "down") and I'm mildy short for tomorrow.

(But I'm open to go hog-long if we touch 1220, or whereabouts)

Mish considers that QQQ 25 might now be a strong ceiling, as there has been quite a grow of calls at that strike price.

Let's wait and see.

Huluriasquias.

[hk2]

Cut me some slack, wahz. I just got all my trend indicators to say "down" for more than 2 days in a row {g}

I'm looking for a 30ish point bounce off whatever tomorrows LOD becomes.

[wahz]

spx filled gap at 802.....nasdaq broke 1280.....ten year bond broke Oct lows.....XAU falling apart... A big cap tech, nokia, does a big intraday turn on "bad" news....Summation looks like the July 22-24, and in fact, lots of things have same pattern as end of July. I am perfectly fine hanging in here,even though there may be more hell to pay...at minimum I see 1420, after playing with the numbers every which way last night....Yes a spike down with this set up is a high probability event, but it may well not occur

[wahz]

First bounce to 1323, fall to 1297, rally to 1420+ and possibly 27.20 on the q's. Thats my story and I am sticking to it, unfortunately