market will close gap today...turn positive...just a hunch..
market repeat
Started by
zman
, Aug 04 2011 08:29 AM
5 replies to this topic
#1
zman
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Posted 04 August 2011 - 08:29 AM
Education is the best defense against the media.
#2
Macro Speculator
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Posted 04 August 2011 - 08:42 AM
market will close gap today...turn positive...just a hunch..
Completely agree...and the move up will have bear fuel this time...I bet lots of people saw the overnight futures, figured it was game over, and started shorting. I don't think it's time just yet.
#3
einscodek
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Posted 04 August 2011 - 08:51 AM
I disagree
I dont see the panic yet
its a quick and dirty withdrawl but noone is running for the hills yet
maybe they will today
#4
fib_1618
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Posted 04 August 2011 - 08:54 AM
Careful...looks like we're in a 5th wave of minute degree...maybe smaller.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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#5
einscodek
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Posted 04 August 2011 - 08:58 AM
Careful...looks like we're in a 5th wave of minute degree...maybe smaller.
Fib
5 doesnt seem to have confirmed yet..
want to see 5 finally cause some concern before covering
Edited by einscodek, 04 August 2011 - 08:59 AM.
#6
einscodek
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Posted 04 August 2011 - 09:12 AM
another reason for concern for longs is that a second less prob interpretation is
this is in fact a minute 1 of a very powerful 3 of 3 .. of 1
if this is the case, a flash crash may be in order soon
Edited by einscodek, 04 August 2011 - 09:14 AM.
