I warned about the market today from yesterday action.
It is following exactly like CLF pattern. Yesterday action was almost the same as CLF traded on April 28. The next day CLF dropped big. The market could drop big today.
I am still expecting SPY to hit 113 and QQQQ to hit 46 area.
Added comments.
I still can't add more comments beside my first post for the day. There is something wrong with the site. I have to find another site to write my posts.
We need the VIX to exceed the resistance level of 30 in order for a true bear market.
Added comments.
Now I am pretty much break even on the CLF. I was down more than 20 point on shorting it.
Glad I wasn't trading on emotions.
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looking good!
ReplyDeleteI'm glad so far I didn't crack under pressure
Just wish I had the balls to add more..just wouldn't be able to sleep if I did and we went to 125.
$1.46 off break even of $31.46.
glad to see my cash 'come back' to me finally.
hopefully for good.
definitely surprised to see a sell off tuesday though.. figured sometime on wednesday would be turning point..
antand
march 5 was around spy 113.
ReplyDeletespxu was around 34.00
i think we've 'slipped' in spxu a little bit..so we might not hit 34.00
http://stockcharts.com/h-sc/ui?s=spxu
enner
Yea, if the SPX mimics CLF, then I estimate the SPX to be trading at 1115ish fairly soon.
ReplyDeleteNot short yet on the SPX.
looks like that was the final low of the day.
ReplyDeletehow high are they going to push it back up now?
grrrrr
uperspi
I don't like this push back up :(
ReplyDelete117.70 from 117.04
groulne
sorry ... deathly scared of another february 5th when we hit 104 and rebounded back to 106
ReplyDeleteconedno
FRACK.. here we go.. liftoff?
ReplyDelete117.85
chemdv
lol
ReplyDeletewe started off at the 20 day sma and touched/bounched off the 50 day..
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=8&i=p35564798094&a=192900656&r=874
aftind
crap.. here's comes the bulls
ReplyDeleteinkslat
Testing...
ReplyDelete