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RA
rat89
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Posts: 7,015
bull abcd on spy at 135.30
Originally posted by tx_ches
Well, the bull abcd with the ab=cd failed so that favors the shorts.
Originally posted by rat89
I'm 100% on the fence
Originally posted by tx_ches
Good catch. And after the 88.6 gap too. If it fails, will it fail big?
I'm ready either way.
TX
tx_ches
Rep: -10
Posts: 514
Will spy finally break the WL of the down set from yesterday anchored off the gap?
Originally posted by rat89
bull abcd on spy at 135.30
JI
jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Tap, tap. I think my screen is frozen...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, is it gearing up for the seemingly inevitable break to the upside, or is it just another fake out in chop/range?
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jimkane
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Posts: 33,089
It would be one of the most shocking things I've ever seen in the market if this doesn't at least get the stops, and more likely explode up. Get ready.
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jimkane
Rep: 3,058
Posts: 33,089
Look at how shy they are of those highs... All that tells me is if they get them, there are likely to be a lot of stops. And that should keep them trying.
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jimkane
Rep: 3,058
Posts: 33,089
From the best trading movie ever (in my opinion), 'Rounders':
"Kid's got alligator blood. I can't get a read of him..."
"Kid's got alligator blood. I can't get a read of him..."
JI
jimkane
Rep: 3,058
Posts: 33,089
And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...
http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident
http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident