22 replies to this topic

[kinga200]

My longer term models are at levels not seen since early 2008.  The decline has started we could see a small bounce but we will see that gap in Feb. closed.  Probably sooner than most think.

 

Trade safe.

[kinga200]

Shorter term.

 

The QQQ have very heavy resistance from the 4/20 downtrend.

 

So, I think this is not a bear trap but a bull trap.

 

 

 

[Iblayz]

Well, if they are gonna trap 'em, it will happen no lower than 2073.10......in my opinion of course. And, in edit, and in spite of my previously posted mention of expected lows today and next Wednesday intraday, I cannot rule out that this next bounce may last for more than a couple of days.......and I cannot yet rule out that it may very well be more than a bounce. No prediction here.....just sayin....

Edited by Iblayz, 19 May 2016 - 03:31 PM.

[kinga200]

Well, if they are gonna trap 'em, it will happen no lower than 2073.10......in my opinion of course. And, in edit, and in spite of my previously posted mention of expected lows today and next Wednesday intraday, I cannot rule out that this next bounce may last for more than a couple of days.......and I cannot yet rule out that it may very well be more than a bounce. No prediction here.....just sayin....

Yes of course!  I have been wrong a number of times.  Just cant see it with my work here and at these levels.  I have been short the QQQ since 4/28 and a couple of times seconded guessed myself.  Just since then my models have gotten more short on the longer timeframe.

 

Its a tough market here and good luck.

[OEXCHAOS]

There's just so much Bearishness.

[SemiBizz]

Pretty silly, what we have is Goldman... Team A and Team B rotating, one sells one day while the other one buys, and vice versa the next...

 

All you really have to do to confirm that is look at the action in GS stock last 2 days... up 5 on Wednesday, Down 5 today.

 

This is the biggest manipulation in market history.

 

And the success of it can all be attributed to light volume and quantitative fiat.

 

There's no real bears in the market trading it, there's only robots running it up and down.

 

It's really a great time to keep your head on a swivel, and lose your bias, play the technicals 

 

At least until volume arrives...

 

That might not be until September though.

[dougie]

Bear trap imo

[bln]

Smells like bear trap so far, but I may be wrong. Got glaring divergences in some of the breadth indicators since last week with is spooky. But if bears can manage to push lower for another day, we may get a intermediate term down trend rolling.

[SemiBizz]

Pretty silly, what we have is Goldman... Team A and Team B rotating, one sells one day while the other one buys, and vice versa the next...

 

All you really have to do to confirm that is look at the action in GS stock last 2 days... up 5 on Wednesday, Down 5 today.

 

This is the biggest manipulation in market history.

 

And the success of it can all be attributed to light volume and quantitative fiat.

 

There's no real bears in the market trading it, there's only robots running it up and down.

 

It's really a great time to keep your head on a swivel, and lose your bias, play the technicals 

 

At least until volume arrives...

 

That might not be until September though.

 

 

GS Green Team is on the case today, what back up $5 again today?

 

[SemiBizz]

I'm working off hourly charts today...

 

I mean what a setup for today... look at all they had working for them... FULL MOON, OPEX, The Freakin' F'eds...

 

GS Green Team working it higher.

 

You won't need dailies and worry about how far it's going, the odds say it's all coming back here into the hourlies...

 

JMO....