Gap up or gap down?
#1
Posted 15 July 2010 - 08:43 PM
#2
Posted 15 July 2010 - 08:47 PM
Gap Down. Just Nice euro based on system has most likely toped so you know it just nice for all to come down together.There's news, theres OPEX, all sorts of stuff...
BAC, C, GE..
I'm leaning towards a gap down, but just leaning right now. Bears took it on the chin and the last minute rally on 'news' isn't what I would call 'bullish'.
I have my statistical system, which had given me a sell, but got invalidated because 'time window' ran out. That doesn't mean it can't sell off, just the odds aren't as optimal.
I have a fractal system, which predicted a high of Dow 10,350.. it overshot that by about 50 points... but this predicts the next low about Dow 10,150 ish during this consolidation.
I also have an experimental cycle system which predicts a top at 2:30 AM today.
So all my systems are leaning bear. I am not short yet, I want to get a bit more data because the bears got screwed pretty hard today. No need to hurry. I want to see TSP polls, Rydex flows for today.
Get short BEFORE it drop.... i was mentioning to my mail to you and everyone on TT it will close flat and gap up giving the bears a chance to short.. we could moved back up 1120 after falling or it is the top it falls from here.
#3
Posted 15 July 2010 - 09:59 PM
#4
Posted 15 July 2010 - 10:03 PM
#5
Posted 16 July 2010 - 12:18 AM
Look at the chart of the nikkei:
http://finance.yahoo...ource=undefined
Serious selling going on.
#6
Posted 16 July 2010 - 12:23 AM
DC,
Look at the chart of the nikkei:
http://finance.yahoo...ource=undefined
Serious selling going on.
http://e.nikkei.com/...marketlive.aspx
That's the real time one..
Yes its down 3% now.
#7
Posted 16 July 2010 - 12:50 AM
It a huge move down counting that they already moved down yesterday. The currency moves are getting wild right now plus euro might have just topped out below that 1.30 everybody wants.DC,
Look at the chart of the nikkei:
http://finance.yahoo...ource=undefined
Serious selling going on.
http://e.nikkei.com/...marketlive.aspx
That's the real time one..
Yes its down 3% now.
#8
Posted 16 July 2010 - 01:30 AM
#9
Posted 16 July 2010 - 02:09 AM










