56 replies to this topic

[SemiBizz]

So how sideways and stupid this is... The high on 5/22 was 1687.18 The low today 1687.11 This consolidation is getting very long in the tooth...

[zoropb]

So how sideways and stupid this is...

The high on 5/22 was 1687.18

The low today 1687.11

This consolidation is getting very long in the tooth...

Yep last post just before this mentioned needs to get over 85 for a bit.

still got larger issues below though and all these bigger rallies will get rejected back unitl we close them but at least I can trade both ways again unless we open another beast.

gaps closed above now got that taken care off.

[SemiBizz]

Speaking of gaps...

Look at this monster on GS...

Comes all the way back, leaves it open by a penny today.

That is full control.


http://stockcharts.com/c-sc/sc?s=GS&p=D&yr=0&mn=3&dy=0&i=t45080435442&r=1380292798456$.png

[zoropb]

Speaking of gaps...

Look at this monster on GS...

Comes all the way back, leaves it open by a penny today.

That is full control.


http://stockcharts.com/c-sc/sc?s=GS&p=D&yr=0&mn=3&dy=0&i=t45080435442&r=1380292798456$.png

[SemiBizz]

$Yen lost it overnight, hence the big discount sale on equities...

We're pretty close to support here

100 hr low tested, bounced at 10:06 as did equity market.

See if this one holds now 98.19.

Gets ugly fast under it.

[SemiBizz]

I don't think Market is worried about the clowns in D.C. Au Contraire - I think they have the dammit Janet, Jammit Dammit card in their back pockets and that's the bid under the mkt.

[SemiBizz]

I gotta let that card play out or get thrown into the muck here... I think the way it works... mkt goes higher on the coronation ceremony... And then after that Mdme Market sets up a trap for the new Chairperson. A little challenge for the newbie. Greenspan Started in August 1987, they shredded him in October. Burn Yankee lasted a year before the "Subprime Crisis" Feb 2007 Started in Feb 2006.

[SemiBizz]

Prollum here is this $Yen testing day's lows now. If we move to S2, new lows coming in the indices. On the edge here.

[SemiBizz]

Speaking of Gaps... #2 gap was filled on SPX today at 1687.99. But Nasdaq HELD y'day's Gap... by a point.

Edited by SemiBizz, 27 September 2013 - 10:02 AM.

[zoropb]

I gotta let that card play out or get thrown into the muck here...

I think the way it works... mkt goes higher on the coronation ceremony...

And then after that Mdme Market sets up a trap for the new Chairperson.

A little challenge for the newbie.

Greenspan Started in August 1987, they shredded him in October.

Burn Yankee lasted a year before the "Subprime Crisis" Feb 2007

Started in Feb 2006.

Yep I remember that Oct 87 and mainly that day wow. Non-stop.

As long as there are issues market always cleans them. Just a matter of when. So, we plug along follow the dance in the meantime.