Isn't it a violation of TOS to harass, call names, add nothing to a thread etc etc ????
Why is this childish crap being allowed on this thread ??
Does SPY gapped filled mean end of rally?
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Why is this childish crap being allowed on this thread ??
I agree, you have added nothing to this thread, posted childish crap and they have allowed your thread far too long...
Seriously, you need to take Logic 101. You insist on defending your right to be clueless. After 4-5 attempts to educate you, you still have no idea what is going on:
stock_trad3r, is that you???
The market's stalling right now because the Dollar is rallying. The Dollar's rallying because 1) the % of people who believe that the US economy is improving is rising and 2) the % of people who believe that the FED will raise rates is rising. These are merely perceptions; good luck on figuring out the actual probabilities.
Yes, we covered the gap but TA rules are generalities that are violated with very significant frequency.
And speaking of rules the rule is that when pundits are overwhelmingly in agreement a reversal is imminent. ET members are about as meaningfully informed as professional "pundits"; look at the ratio of bears/bulls on this thread - no overwhelming sentiment here. Then again, this rule, like all the others, is frequently violated.
Toss a coin. Throw a dart. Go with your gut. Get a job.
Yes, we covered the gap but TA rules are generalities that are violated with very significant frequency.
And speaking of rules the rule is that when pundits are overwhelmingly in agreement a reversal is imminent. ET members are about as meaningfully informed as professional "pundits"; look at the ratio of bears/bulls on this thread - no overwhelming sentiment here. Then again, this rule, like all the others, is frequently violated.
Toss a coin. Throw a dart. Go with your gut. Get a job.
Back on topic then....
There is a good technical argument that the market topped on 10/21. The NAZ is sitting on the 50 day SMA and 50 day EMA as I write this, and on a strong internal trend line. Both NAZ and DOW retreating from strong resistance.
I guess from a sentiment perspective, a top makes the most sense now, since Dow 10K was heralded by most networks as proof the recession was over. What better way for the public to get left holding the bag after such a bullish signal.
We've had 6 months of the market bouncing off weakness except for one blip in July where I think many thought the top was in...
I think at the very least we will see a shakeout of weak hands before the next advance, IF there is a next advance. I've done this for too long to pretend to know what the market will do.
There is a good technical argument that the market topped on 10/21. The NAZ is sitting on the 50 day SMA and 50 day EMA as I write this, and on a strong internal trend line. Both NAZ and DOW retreating from strong resistance.
I guess from a sentiment perspective, a top makes the most sense now, since Dow 10K was heralded by most networks as proof the recession was over. What better way for the public to get left holding the bag after such a bullish signal.
We've had 6 months of the market bouncing off weakness except for one blip in July where I think many thought the top was in...
I think at the very least we will see a shakeout of weak hands before the next advance, IF there is a next advance. I've done this for too long to pretend to know what the market will do.
thank you to those who have made positive contributions!
Bottom line-- since the spy gap filled, the market has gone lower. Congratulations to those who traded for the spy to decline once the gap had been filled. A filled gap works every time!!
I've made around 5% snce the gap filled. Anyone else do well?
Bottom line-- since the spy gap filled, the market has gone lower. Congratulations to those who traded for the spy to decline once the gap had been filled. A filled gap works every time!!
I've made around 5% snce the gap filled. Anyone else do well?
The best technical argument there is--a year old gap finally filled.
From what i've learned, filling a gap always signals the end of a move.
Back to the point above - this is a completely uneducated and unsupported belief. The market constantly does NOT do that.
I hate using the words "always" and "never" when it comes to trading.
I don't like suggesting something is going to happen based upon a single evidence either.
Filling a gap is a powerful indicator, but what makes it the more valid is other evidences I have been observing.
I am almost 100% convinced that the rally is over (at least for now).
You are obviously a wise trader.