Monday, November 23, 2009

November 23rd, 2009

Ok. The market gapped up this morning. It filled the gap from last week drop. But now the market had a gap from this morning.
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17 comments:

  1. gcl106November 23, 2009 at 10:11 AM

    Watch the U.S. dollar currency closely. If it closes below 75, it could go down to 71 area in the horizon. Which means the market could still have leg to go higher from here

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  2. UnknownNovember 23, 2009 at 10:20 AM

    Well, I am trying to short market in here. Hopefully they can't take it to new day highs later.

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  3. gcl106November 23, 2009 at 10:57 AM

    Again, if SPY breaks below 111.00, then it could drop back down to fill the morning gap.

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  4. UnknownNovember 23, 2009 at 11:02 AM

    gcl, that is what I am looking for. no guarantess, and I probably jumped the gun a bit early here.

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  5. gcl106November 23, 2009 at 11:54 AM

    Watch SPY at 111.00 and QQQQ at 44.00.

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  6. gcl106November 23, 2009 at 12:14 PM

    The market is at the critical point right now. Break 111.00 or rebound from here.

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  7. UnknownNovember 23, 2009 at 12:26 PM

    I took 1/3 off the table, which way will it goo??? break down would be nice.

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  8. UnknownNovember 23, 2009 at 12:43 PM

    took 1/2 plus off table, could go either way here

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  9. gcl106November 23, 2009 at 1:25 PM

    Gold stocks opened way higher today. Now it is trading at the low of today.

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  10. MattNovember 23, 2009 at 2:30 PM

    Cover to get killed.

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  11. MattNovember 23, 2009 at 2:31 PM

    to = or

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  12. UnknownNovember 23, 2009 at 2:34 PM

    Matt, what r you seeing? I am out of 90% of my short from this morning. No gap fill today?

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  13. MattNovember 23, 2009 at 2:41 PM

    We had a small change in McClellan Oscillator on Friday which has led to big squeezes the following day or 2 and Europe closed up BIG today too.

    I'm long and will be shorting the close (ALL IN) though.

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  14. gcl106November 23, 2009 at 2:46 PM

    The volume will be getting lighter toward Thursday.

    Is the market open on Friday or half day?

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  15. UnknownNovember 23, 2009 at 2:54 PM

    gcl, I think half day?

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  16. MattNovember 23, 2009 at 2:58 PM

    http://www.nyse.com/about/newsevents/1176373643795.html

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  17. gcl106November 23, 2009 at 3:28 PM

    On Friday, I will make the first post on the blog.
    But I will not be participate anymore after that on that day. I want to enjoy with my family for the holidays. You are welcome to write after my first post on Friday.

    The volume will be light on Friday. The specialists and the daytraders will be there. It will be be dogs eat dogs world.

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