IWM is under MA 50 for a few days already. If SPY catches up this afternoon on the downside, it will be ugly, and tomorrow is a blood day ...
Tomorrow can be 5% down day if SPY broke MA 50 (154.01)
Tomorrow If SPY 50 MA 154.01 is broken, free fall !
Started by
q4wer
, Apr 18 2013 12:27 PM
16 replies to this topic
#2
q4wer
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Posted 18 April 2013 - 12:48 PM
I believe that the bulls have given the market enough buying, mood, effort, trust ... enough is enough.
#4
fib_1618
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Posted 18 April 2013 - 12:58 PM
That's your emotion talking.I believe that the bulls have given the market enough buying, mood, effort, trust ... enough is enough.
Technically, this market can not move more than 1 or 2 steps lower at a time without giving much of it back just as quickly.
It's gonna to take time to work off this highly "overbought" condition to where there's balance between buyers and sellers.
Maybe after that your patience will then be rewarded...or not - the jury is still out on that one.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#5
q4wer
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Posted 18 April 2013 - 01:04 PM
Fed ******* father, we bull really enjoy being cherished, that is more than enough .
#6
dasein
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Posted 18 April 2013 - 01:06 PM
OPEX tomorrow - can cause some unexpected moves
best,
klh
klh
#7
q4wer
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Posted 18 April 2013 - 01:13 PM
Look at the huge volume on SPY 120 Straddle,
and huge huge huge ......huge 41K deep deep in the money call in the SPX 500 straddle
I believe that they were sold to open, not buy to open.
They made profit for a down market, those are big guys ...
Remember that some one bet March VIX calls before, they closed on 2/25 on that dip hole. Big guys.
#8
q4wer
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Posted 18 April 2013 - 01:20 PM
MA 50 on SPY 154.01 is broken now ... let's enjoy the show, this is exactly the point where 5/6/2010 flash crash started.
#9
fib_1618
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Posted 18 April 2013 - 01:24 PM
Easy now...calm down...breath in, breath out.let's enjoy the show, this is exactly the point where 5/6/2010 flash crash started.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#10
ogm
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Posted 18 April 2013 - 01:54 PM
That's your emotion talking.I believe that the bulls have given the market enough buying, mood, effort, trust ... enough is enough.
Technically, this market can not move more than 1 or 2 steps lower at a time without giving much of it back just as quickly.
It's gonna to take time to work off this highly "overbought" condition to where there's balance between buyers and sellers.
Maybe after that your patience will then be rewarded...or not - the jury is still out on that one.
Fib
So how did that theory of yours work out for Gold ? 15% in a matter of a few hours ouch. Or is it not applicable to gold ?
Here is another theory to contemplate. There are a lot of people sitting with massive margin leverage on a lot of profits. Once the [bleeeep] starts hitting the fan the liquidation can kick in very fast. Sell first, ask questions later, protect what you can before margin calls swamp the market. We've seen this movie before too. April 2011 comes to mind.
Edited by ogm, 18 April 2013 - 01:57 PM.
