Quote from volente_00:
perhaps but my blackbox just spit out a 90% chance that 1335 will be the highest we trade before we fill the gap below. Due to this I am moving my stop to 1340 and am adding to my short all the way to 1334. If filled my avg will be ~28. As of right now it is right at 22. So throw me in the add to losers gang
Quote from volente_00:
perhaps but my blackbox just spit out a 90% chance that 1335 will be the highest we trade before we fill the gap below. Due to this I am moving my stop to 1340 and am adding to my short all the way to 1334. If filled my avg will be ~28. As of right now it is right at 22. So throw me in the add to losers gang
Since everyone knows the US is not going to default, the initial squeeze may turn into a sell the news. I'm waiting for the market to tips its hand. We have a HnS on the daily with 2 LS and 2 RS. SPX may shoot up here like the failed HnS from the summer of 2009. Or we may go back and play oscillate the daily 20, 50, and 100 averages like we have for the past 7 days, with a possible test down to the 200 ma.
70% is a danger zone,doesn't mean we can't go higher,but the danger of a reversal is high,not u fon ,but all the scalpers taunting the position players on here,you really have no biz,the majority of online blog traders scalp,the people who have been doing it for the last 100 years,very few were scalpers,percentage wise.....we are a at major nip resistance ,head and shoulders distribution pattern,both posted earlier,every one saying we are going to the moon,tomorrow is a cycle day for gann ,and the bullish percent for the nyse is at 69.....http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html...shows aapl largest short today and for previous 2 days....Quote from FreakofNature:
Does not that mean there are more bulls than bears so we go higher
FoN
