My thesis would be that many of these people need to take some pain, these people who entered in red there.
This is a bit of a bear flag
Tuesday, April 21, 2009
Diabolical
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Moon-Don't think it doesn't matter. Y'all are crazy
CURRENT MOON
Site Meter
I know, you hate my music
Dow 10K 3.0
The music you hear
Labels
- sentiment (12)
- Goldman Cabal (3)
- French Revolution (2)
- PPIP Gaming (2)
- Pay for Non-Performance (2)
- Wall of Worry (2)
- Deflation (1)
- EISP (1)
- GM Brinkmanship (1)
- GYOFB (1)
- Re-Flation (1)
Great Trading Resources/blogs
The Unusual Suspects.
Usefull Links
Education-Open Coursework
Brad Delong
Robert Reich's Blog
Economists' Forum
Legion of lemmings
Papa Bears
Baby Bears
Rick Santelli
Black Helicopter Crowd.
Market Oracle
Big Picture
Daily Reckoning
About Me
Blog Archive
-
▼
2009
(3110)
-
▼
April
(417)
- Recap
- U2 Red Hill Mining Town
- swine flu symtoms
- SO....
- A list of shit "Everybody Knows"
- AUTOs
- OK...
- pick the close
- and of course
- pull back
- if that H&S holds.....there is still the chance of...
- through more support
- GET THIS ONE!!!!!
- I will shit
- No chart
- what I don't like
- Ticks and the charts
- segnificant tendlines in green and red..
- Trish Regan
- Kudlow says recovery in june
- ahhh trish
- hmmm
- com'on baby!!!
- ok... lets play
- lets see
- short panic
- chart
- Right up against the trade channel
- The moon
- Morning
- ZEEE trap
- bla bla bla charts
- where are we...
- hard to know
- nervous to point that out
- nice how we hit the trend line
- Lets see if we can get that left shoulder going....
- my prediction
- we have a small divergence
- *wink* Panic sets in
- panic at 87.60....
- Jack Berougian says
- the Elliot Waves on this move
- Notice how even the old trend lines...
- BULL trap... H&S
- Back at it.
- just a chart...
- arlen spector
- I didn't mention it
- there are a couple michelle bachman websites..
- Poe- hello
- Peaches - set it off
- The Fall and Rise of Reginald Perrin
- daytraders as bagholders
- OMG yank sell off
- Some stuff
- satan market
- bla bla bla
- Ughhhh part 2
- Val kilmer is going ot run for Gov of New Mexico
- as per the market horror show....
- pain in the ass
- so
- well
- Serb eats own finger in wage protest
- As we talked yesterday...
- dalai lama and the economy
- most dangerous words in the market
- I tried to post a chart... but there is some kind ...
- ok... some stuff
- umnnn
- Maybe
- Dome
- hmmm
- I'll regret this
- chart of a thousand lines
- more charts
- More on Larry Kudlow
- Orange line
- Exciting
- futures
- SO....
- Now that we have meditated
- Harshing My Mello
- My Comment on the sunday morning shows
- It's raining here
- Diana Krall this morning
- MLK 1963 wmu Speech
- Night And Day
- sentiment
- well good news
- still
- just to keep it simple
- first flag
- rebound
- normal ticks
- interesting thought
- Typical would be
- nice Flag setup here.
- Momentum high
-
▼
April
(417)
7 comments:
At 12:36 we are at SPY 84.37 which is close to the pivot. Is this the Wave 4 on EWT? if so, this could be an inflection point is near and this could be the end of a bear flag.
that bear flag is very sloppy, but we are getting Slightly higher highs, which could indicate a Near term top..
but also EWT we would want a 5pt spx correction, then a new high. That would be wave 4-5
If that turns out to be the high...
it's just a good example of how everyone was looking at that level, and some just couldn't wait...
did you make your trade?
SPY didn't fade in the afternoon like I thought it would. Impressive run today!
Long FCX at the open did well. Long MRVL ended even, but I'll hold it as a swing.
Short SPG for +50 cents in the afternoon. Stopped out of short ZION for loss. I'm the only idiot who lost money going short ZION today!
Should have gone long MS... Man, I missed that one. I did not want to hold going into earnings.
Short ALKS and HURN are currently negative, but I'll hold them as swing. Everything went up today and these should come down with a pull back. I added a little more to HURN short at the close.
Not happy with the trading today... need to improve decision making.
It was a day...
the vaolume was solid....
but I'll stick with the we are past the top sentiment call.
I see a ton of people who think "buy the dip" who were bearish all the way till last week.
Ended on the highs...
I should have been more cautious on that bear flag... it never materialized properly and I should have known better.
but fly on wall street, end of last week was a total bull... so
Post a Comment