If you're short, I'm the sucker going long....: getting tough to blog this

Tuesday, June 30, 2009

getting tough to blog this

there are a few more resistance levels.... but sort of the bounce was also a bounce back in the dollar.

7 comments:

Tony said...: dollar and treasurys coming up.

tech holding up, spy looking like it finished first push (of 3?) down... or call it "subtle warning".

renewed belief in negatives on CNBC, except of course, Larry.; June 30, 2009 at 11:13 AM
Eric said...: be ready to hedge like it may be a wunderbar...

then if it makes new lows.... you can clear the hedge.

91.20 looks supportive...; June 30, 2009 at 11:20 AM
Eric said...: the vix is back to 27

I have a hard time throwing sentiment at you... because I'm not sure of the time frame...

if we go to 850 that should be solid Panic... and we get a bounce for a few weeks into discouragement.. which will bottom with Point E

at say 800; June 30, 2009 at 11:23 AM
Eric said...: if you are doing wave counts

you have the three push since last tuesday...

now we are looking for an ABC...

maybe some kind of Bull Flag...

But you know... I don't fuck around with religions....

maybe we just have a little Wunderbar.; June 30, 2009 at 11:25 AM
Tony said...: Yup. I have 91.15 as support. No longs right now. Prolly take several trading days to get to E. I think you were saying 7/24 last week.; June 30, 2009 at 11:25 AM
Eric said...: we are probably still working on DD
;); June 30, 2009 at 11:30 AM
Eric said...: be carefull, sometimes I'm just drawing lines to show models.

mabye point e Late sept early october.

so your 91 target could be ABC of a Larger Point A... Maybe a noon bounce
Point B... then afternoon sell off

point C....

We will see...; June 30, 2009 at 11:38 AM

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