My FF For the Next 3 Days

SPX is trying to hold up here for the election. However, A big SELL within next 3 days is carved on the Wall .

We'll that might vindicate me for sticking my neck out this weekend.
One on the things I feel is participation, I like DP's partiicaption index for this.
Today the vast majority of my stocks are up with a breadth participation, and my account is up $400,
is price failure, painting the tape games is what I feel.

SPX is trying to hold up here for the election. However, A big SELL within next 3 days is carved on the Wall .

Very bold rf2. So good on you. You dont pull your punches. Thanks for sharing. Best to you.

I agree. There is no reason to chase anything here.

RF, I currently disagree with you..... Why do you think it will fall after the election. I currently think we will stay about where we are until Wednesday, but I am looking closely at internals and they are strong on the upside for a flat day. This could change, but I don't see many negatives on charts that would drive the market lower in the short term. I have some charts that are overbought like McClellan, but overbought can also mean strength and the willingness to push higher medium term..... Since we are all learning here, what specifically makes you think we will head down.... Thanks for sharing.... Barry

RF, I currently disagree with you..... Why do you think it will fall after the election. I currently think we will stay about where we are until Wednesday, but I am looking closely at internals and they are strong on the upside for a flat day. This could change, but I don't see many negatives on charts that would drive the market lower in the short term. I have some charts that are overbought like McClellan, but overbought can also mean strength and the willingness to push higher medium term.....

Since we are all learning here, what specifically makes you think we will head down....

Thanks for sharing....

Barry

Barry: My reasons: 1) this whole thing is about running up for election and SPX has risen nearly 15% from low without a pullback; 2) recent data suggesting we arer entering a year long recession, if not multi-year one; 3) MY ST indicator pointing to a SELL; 4) them win (90% probability) means higher taxes including ATM tax, capital gain taxes and market won't be happy with these.

Edited by redfoliage2, 03 November 2008 - 02:07 PM.

I agree with you, RF, looks like Tuesday should be the high.

RF, I currently disagree with you..... Why do you think it will fall after the election. I currently think we will stay about where we are until Wednesday, but I am looking closely at internals and they are strong on the upside for a flat day. This could change, but I don't see many negatives on charts that would drive the market lower in the short term. I have some charts that are overbought like McClellan, but overbought can also mean strength and the willingness to push higher medium term.....

Since we are all learning here, what specifically makes you think we will head down....

Thanks for sharing....

Barry

Barry: My reasons: 1) this whole thing is about running up for election and SPX has risen nearly 15% from low without a pullback; 2) recent data suggesting we arer entering a year long recession, if not multi-year one; 3) MY ST indicator pointing to a SELL; 4) them win (90% probability) means higher taxes including ATM tax, capital gain taxes and market won't be happy with these.

It looks like my ST indicator is slowly pointing to a SELL also, although a few says we have more upside. Decrease in volume today, and a slower rate of changing in buying will likely have us weak for most of the rest of the week....

Barry