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and i feel bad, i hope we do some good trying to set tight and not sell at big loss this month has kicked some butt alot of us are bleeding when i looked at ew, chart:blink:KC you do look BAD! You need more bandages before you bleed TO DEATH! :worried:
Only one thing I have to say:and i feel bad, i hope we do some good trying to set tight and not sell at big loss this month has kicked some butt alot of us are bleeding when i looked at ew, chart:blink:
Today we had a nice up at the end of the day, AGAIN! I wouldn't count on the same thing happening tomorrow [look at the last 6 days], if it does I'm going to have to think about getting back in the Markets, because I think we should see a BIG bounce to the 200 MA when it does bounce. Today isn't real, it's a head fake, it is within the same range as yesterday's down, so the down trend is still in place. If we do continue todays up trend tomorrow, which I doubt, if it breaks the top of the downtrend channel, this may be the time to get back in the Markets. With the Market subject to a last 15 minute of the day turnaround you never know where the day will end up. If we break the top of the channel in the S&P at about 1435 I will probably go for it. If we are below that I'm still in CP!! It's GOOD for ME, Like vitamins!!![]()
Today we had a nice up at the end of the day, AGAIN! I wouldn't count on the same thing happening tomorrow [look at the last 6 days], if it does I'm going to have to think about getting back in the Markets, because I think we should see a BIG bounce to the 200 MA when it does bounce. Today isn't real, it's a head fake, it is within the same range as yesterday's down, so the down trend is still in place. If we do continue todays up trend tomorrow, which I doubt, if it breaks the top of the downtrend channel, this may be the time to get back in the Markets. With the Market subject to a last 15 minute of the day turnaround you never know where the day will end up. If we break the top of the channel in the S&P at about 1435 I will probably go for it. If we are below that I'm still in CP!! It's GOOD for ME, Like vitamins!!![]()
You said it Reactive1, we are on the cusp of either a turnaround or a continued dive just below the August's low. Be careful the BOYS will head fake you just to sucker you in. Even if we get a rally above the current S&P channel, if it stutters just before the 200 DMA, I'm out. If we go above, I'm in.:worried:I would be amazed if tommorrow was an up day, and more uncertain than I am now as to what to do in the short term. Interestingly, the OSM were up early and now down even on a solid US rally today. Too much news tommorrow and the rest of the week for me and the technicals of the market simply say that we don't know until it happens, but the general trend is down, not up, as far as I am able to evaluate. Wednesday is critical for any short term evaluation.
Sank You Bery Bery much!Thanks for the explanation of the Plunge Protection Team! I learn something new here everyday.