Biggest hammer evAr today

Quote from pattern39:

Scratch that. -6.66% on the S&P500 will have folks thinking we've bottomed out. The 666 trick only works once (or twice on SPY last year). We're in danger of falling very much further. The sky has indeed fallen.
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666... the number of the beast... -6.66% on the S&P will release the beast for a massive rally.
 
Quote from SteveNYC:

666... the number of the beast... -6.66% on the S&P will release the beast for a massive rally.
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Sorry, pal. But you've seen "Chronicles of Narnia: Prince Caspian." Things never happen the same way twice. Too many people have been desensitized to massive "beast" rally --- which means the rally will sputter and fail. This you can bank on!

But... Watch this guys --- greatest bear trap in the world is unfolding!

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Quote from pattern39:

Sorry, pal. But you've seen "Chronicles of Narnia: Prince Caspian." Things never happen the same way twice. Too many people have been desensitized to massive "beast" rally --- which means the rally will sputter and fail. This you can bank on!

But... Watch this guys --- greatest bear trap in the world is unfolding!

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Do not underestimate the power the "Beast".

"Beast" > Bear

666... the number of the beast
 
Quote from 1a2b3cppp:

Is there a difference between a white/green hammer (close higher than open) and a red hammer like today (close lower than open)?
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The red hammer is usually used to bonk the head of bulls and the green hammer is usually used to bonk the head of bears.
 
Quote from Lojanica:

This has been a very controlled sell-off. No circuit breakers (in the US) Sure the wheels can come off or we lose power and nosedive but the most likely scenario is the pole in the dirt in the spus at 1077 is very near or is support for a relief rally which also gets sold but those in pain from the latest carnage will have an opportunity to bail. I doubt it sticks because usually you need a test and 2nd attempt to make any real headway but what we get is what we get.

Well the 1077 is the pole in the dirt (for now) godd chance we rally today or at least close sideways instead of down. Big ranges. 75 point after hour range in the spus...
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OMFG. One Hundred point range in the Spu's. Volatility is still high but dropping. We bottomed until further notice. A retest on the daily chart in the days to weeks ahead should be carefully bought but cone down on timeframe to tighten stops.

We are not rocketing to 1500 from here folks I don't think even with a short squeeze that there is any rush to enter this market.

Good Luck:D :D
 
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