yesterday, felt like a solid chance of a "Technical trap" where what we see as technicals break down, and it sucks the last sellers in.
from what I read on tv... it doesn't feel like a very good washout. but....
futures are up 8
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
The target here was/is about where we are trading in the futures.
So, it's these ranges... for all the "Crash Talk" realize how, we just puked up... a little bit of gains. from the past months. Either we are accepting or rejecting these price levels. Geee that is No fucking help as a statement. But for all the traders from October until now to get flushed.
feels like a bit of panic.... on the TV... I had to turn it on......
I suspect this is the low, and we will get a bounce through monday.
We are at a retest of the Jan high.... I'm not sure what smarty pants has on this, But we are "playing with" that jan high....
Doug kass is fairly positive.... you have either a spike and ledge... which it falls off of.
10 day spy. there is one of those solid chances that everybody selling today, will be on the wrong side of the trade tomorrow. We could even stay in that trade channel
I'd guess more complicated patterns.... I think trading is going to get more "Sentiment" oriented, and less technical. and we may only see "Complicated" technical patterns, one beyond your usual mouthbreather.