if bears can't get traction, we gonna get a double gap and run...
retail sales lower than expected
Started by
dcengr
, Jul 14 2010 07:39 AM
13 replies to this topic
#1
dcengr
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Posted 14 July 2010 - 07:39 AM
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#2
dcengr
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Posted 14 July 2010 - 08:03 AM
1083 ES is target
Edited by dcengr, 14 July 2010 - 08:06 AM.
Qui custodiet ipsos custodes?
#3
qqqqtrdr
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Posted 14 July 2010 - 08:18 AM
Looks like too many bears. Short Covering seem to have started yesterday via Rydex Ratio. We need more upside in today to initiate a true short squeeze to take hold and flush out the bears into cash or longs...
Barry
#4
Rogerdodger
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Posted 14 July 2010 - 08:20 AM
" Analysts predict earnings in the S&P 500 grew 34 percent last quarter, according to estimates compiled by Bloomberg. "
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
arbman
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Posted 14 July 2010 - 08:23 AM
I think this mania from the lows is finally ending for a pull back! 
But probably 1100 will be tagged today during the cash session...
We have a couple dojis to go before next week...
But probably 1100 will be tagged today during the cash session...
We have a couple dojis to go before next week...
#6
dcengr
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Posted 14 July 2010 - 08:33 AM
You maybe right about too many bears.. rydex ratio didn't budge again last night.
Those guys are at .5 bull/bear ratio and still holding..
But I still think a 30 point break is around the corner somewhere.
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#7
dcengr
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Posted 14 July 2010 - 08:41 AM
target is still 1082-1083 area.. based on how this sucker is moving, may not get there til 10:30 eastern.. but probably a bounce from there to 1092, then drop to 1072 is my guess.
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#8
porsche911sg
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Posted 14 July 2010 - 08:43 AM
We really need to flush the bears out here. as i mention we need an empty bus to get down hard as fast... the ride down is hard and fast, a crash.if bears can't get traction, we gonna get a double gap and run...
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#9
arbman
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Posted 14 July 2010 - 08:45 AM
I think it will overshoot 1100 again before coming back and testing 1080s, if 1072 gets tested, technically the rally would enter to the failure zone. Currently, I do not think the technicals are suggesting this...
#10
dcengr
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Posted 14 July 2010 - 08:51 AM
We really need to flush the bears out here. as i mention we need an empty bus to get down hard as fast... the ride down is hard and fast, a crash.if bears can't get traction, we gonna get a double gap and run...
Market will hit ES 1060 sooner or later. That's when bears will get unlocked enough to switch direction and go long. Then more rally and a peak with zero bears.
Qui custodiet ipsos custodes?
